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Find Best NRE Account

The Non-Resident External (NRE) account is Rupee denominated account that is opened with the purpose to facilitate the transfer of income received in a foreign country to India

Here are 10 options for you

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Axis Bank

  • The average minimum balance in an NRE Axis bank account is Rs. 10,000.
  • NRE deposit rates for Axis bank start from 5.15% for 1 year.
  • The account can be operated jointly by an Indian resident on behalf of the NRI.
  • The account can be managed easily through net banking

NRE Interest Rate

5.15%

Minimum Amount

Rs. 10000

Kotak Mahindra Bank

  • The average minimum balance of Kotak Mahindra bank NRE account is Rs. 10,000 monthly.
  • The interest rate starts from 4.60% for 1 year.
  • Internet banking and home banking are available in India.
  • The account can be opened jointly by NRIs and PIOs only

NRE Interest Rate

5.15%

Minimum Amount

Rs. 10000

Easy, Convenient & Fastest account opening

  • Apply for NRE Account with minimum documentations
  • Dedicated relationship officer for account opening and support
  • Up-to 4.75% Savings Interest & 6.5% on Fixed Deposits
  • Your funds upto 5Lakhs are insured by RBI

NRE Interest Rate

6.25%

Minimum Amount

Rs. 10000

ICICI Bank

  • The average minimum balance in an NRE account is Rs. 10,000.
  • The interest rate starts from 4.40% for 1 year.
  • Tax exemption and full repatriability of funds available in India.
  • Internet banking facility available for all.

NRE Interest Rate

5%

Minimum Amount

Rs. 10000

SBI Bank

  • The average balance in a State Bank of India NRE account is: Rs. 1,00,000 in urban cities & Rs. 50,000 in rural areas
  • NRE account deposit rate starts from 4.90% for 1 year.
  • Internet banking facilities and international debit cards are available for all NRE account holders.

NRE Interest Rate

5%

Minimum Amount

Rs. 50000

Bank of Baroda

  • The average minimum balance in an NRE Bank of Baroda account is Rs. 50,000 per quarter.
  • NRE deposit rates start from 4.90% for 1 year.
  • 24-hour net banking facility available.
  • Tax exemption is available on the interest earned on NRE income.

NRE Interest Rate

5.25%

Minimum Amount

Rs. 1000

Apply for NRE account with SBNRI

  • Apply for NRE Account in trusted Bank with minimum documentations
  • Dedicated relationship officer for account opening and support
  • Up-to 4.75% Savings Interest & 6.5% on Fixed Deposits
  • Your funds upto 5Lakhs are insured by RBI

NRE Interest Rate

6.25%

Minimum Amount

Rs. 10000

HDFC Bank

  • The average balance in an HDFC NRE account is: Rs. 10,000 in urban cities & Rs. 5,000 in rural areas.
  • NRE account deposit rate starts from 4.90% for 1 year.
  • Internet banking facilities and international debit cards are available for all NRE account holders.

NRE Interest Rate

5.19%

Minimum Amount

Rs. 10000

Citibank

  • A minimum balance of Rs. 80,000 is to be maintained in the NRE account. Although the amount varies from country to country.
  • NRE account holders get a free platinum debit card.
  • Interest is computed on the basis of daily closing balance at 2.50% interest rate.

NRE Interest Rate

3.5%

Minimum Amount

Rs. 80000

RBL Bank

  • An average balance of Rs. 50,000 is to be maintained by account holders.
  • It is one of the best NRE savings accounts in terms of interest payment
  • International debit card, free SMS alert, internet banking services are available.

NRE Interest Rate

6.5%

Minimum Amount

Rs. 50000

One-stop Platform for NRI

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Frequently Asked Questions

What is an NRE account?

An NRE account is a rupee-denominated bank account opened in… Show More

Which is better NRE or NRO?

It depends on whether you are receiving your earnings from I… Show More

What is difference between NRI & NRE account?

There are 3 types of NRI accounts - NRE account, NRO account… Show More

Who is eligible for an NRE account?

NRIs (Non-Resident Indians), PIOs (Persons of Indian Origin… Show More

Can a PIO open NRE account?

Yes, PIOs are eligible to open an NRE account with an author… Show More

Which is best NRI account in India?

It depends on your requirements. You can compare the feature… Show More