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NRI Savings Accounts
Introducing Ujjivan SFB’s NRI Savings Accounts – the perfect solution for managing your finances from overseas. Designed exclusively for NRIs, our NRI accounts offer attractive interest rates, seamless fund transfers, free remittance facilities, and more.
Earn interest up to 7.10%
No minimum Monthly Average Balance criteria
Remittance at competitive exchange rates
Repatriation of funds as per FEMA guidelines
Tax-free earnings
Funds are fully repatriable
Earn interest up to 7.10%
No minimum Monthly Average Balance criteria
Free Issuance of Demand Drafts
Unlimited ATM Transactions across any bank ATMs
Free NEFT, RTGS , IMPS & UPI transactions across all channels
Free Issuance of Cheque Book
Ujjivan SFB offers two types of NRI Savings Accounts – NRE (Non-Resident External) Savings Account and NRO (Non-Resident Ordinary) Savings Account.
NRE Savings Account allows NRIs park their foreign income in India and earn interest on it. The interest earned is exempt from tax. The funds are fully repatriable, meaning you can transfer these funds to your country of residence.
NRO Savings Account are specifically meant for managing income earned in India while you continue to stay overseas. The income can be in any form – rents, dividends, etc. The funds in NRO accounts may not be fully repatriable. Also, the interest earned is taxable as per income tax laws in India.
Some of the benefits are:
Attractive interest rates
No minimum balance requirement
Easy fund transfer
Manage account seamlessly via Internet Banking a
Any Non-resident Indian (NRI) with valid address proof is eligible for NRI Savings Account.
You get to enjoy free remittance facilities via NEFT and RTGS, secure inward and outward remittance facility in foreign currency, and more with our NRI accounts.