What is NRI banking service?

Today everybody needs a bank account, be it an Indian or a Non- resident Indian. If you are an NRI or a person of Indian and wish to open an NRI saving account, Then you can maintain a bank account with a financial institution authorized by the reserve bank of India.

NRI banking services is a banking service provided to a Non-resident Indian, where he can avail the banking and investment services which he needs regularly.

In India along with NRI account people also make:



Non-resident ordinary account (NRO)

The Non-Resident Ordinary (NRO) Account is primarily opened for depositing money earned in India and also Foreign earnings can be deposited in this account.

Non-resident external account (NRE) is a bank account opened in India in the name of an NRI, to store his foreign earnings and convert it into Indian rupees. NRE saving account helps you to easily transfer your foreign currencies to India.

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