Find Best NRO Account
An NRO (Non-Resident Ordinary) account is a bank account opened by NRIs to manage and maintain their income earned in India in rupees, such as rent, dividend, pension, etc. An NRO account can be held… Show More
Here are 12 options for you
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Axis Bank
- Park your income earned in India
- Convenient depositing and management of funds
- Parents/relatives can operate the account in your absence
NRO Interest Rate
4.4%
Minimum Amount
Rs. 10000
Citibank
- Park your income earned in India
- Convenient depositing and management of funds
- Parents/relatives can operate the account in your absence
NRO Interest Rate
2.5%
Minimum Amount
Rs. 200000
Easy, Convenient & Fastest account opening
- Apply for NRO 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
NRO Interest Rate
4%
Minimum Amount
Rs. 10000
RBL Bank
- Account can be opened jointly with another NRI
- Ease of account operation by a resident Indian through a power of attorney(mandate holder) mode
- Funds in the account can be repatriated upto USD 1 million dollars per financial year per customer upon submission of relevant documents
NRO Interest Rate
4.25%
Minimum Amount
Rs. 50000
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- Apply for NRO 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
NRO Interest Rate
4%
Minimum Amount
Rs. 10000
Kotak Bank
- Higher Yield post tax by availing DTAA benefits
- Can be jointly opened by NRIs/PIOs and Resident Indian
- Easy and Economical Remittances into India by Cheque or Wire Transfer or Click2Remit
NRO Interest Rate
3.5%
Minimum Amount
Rs. 10000
HDFC Bank
- Transfer funds from abroad in a freely convertible foreign currency
- Directly remit from your overseas bank to your NRO account
- Transfer funds from an existing NRE / NRO account with another bank in India
NRO Interest Rate
3%
Minimum Amount
Rs. 10000
ICICI Bank
- Free mandate card & cheque book for your family in India, giving them anytime, anywhere access to your account.
- Easy redesignation of your resident account to NRO Account when you become a NRI. Your account number remains the same.
- Earn higher post tax return through reduced TDS rates by applying for DTAA facility on your NRO Savings account.
NRO Interest Rate
3%
Minimum Amount
Rs. 10000
Easy, Convenient & Fastest account opening
- Apply for NRO 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
NRO Interest Rate
4%
Minimum Amount
Rs. 10000
DBS
- Interest earned on an NRO account is taxable
- Foreign currencies deposited into these accounts are auto-converted into INR at prevailing foreign exchange rates
- You can open this account jointly with a resident Indian on a former or survivor basis
NRO Interest Rate
3%
Minimum Amount
Rs. 100000
Bank of Baroda
- Close relatives can become joint account holders
- Provision for nomination
- Avail remittance & cheque book facilities
NRO Interest Rate
2.75%
Minimum Amount
Rs. 1000
SBI Bank
- Funds deposited in the account will be in the form of transfer from NRE / NRO / FCNR (B) accounts or fresh remittance from overseas
- Account can be opened either individually or jointly with other NRIs / PIOs / OCIs
- Rupee loan available against NRO Deposits
NRO Interest Rate
2.7%
Minimum Amount
Rs. 100000
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Frequently Asked Questions
What is an NRO account?
An NRO (Non-Resident Ordinary) account is a bank account ope… Show More
What are the benefit of NRO account?
Following are the benefits of an NRO account: … Show More
What is difference between NRE and NRO account?
NRIs or OCIs or PIOs can open an NRE account with a bank aut… Show More
Is money deposited in NRO account taxable?
Interest earned on an NRO account is taxable at the rate of… Show More
Who is eligible for NRO account?
Non-Resident Indians (NRIs), OCIs (Overseas Citizens of Indi… Show More
Can I deposit cash in NRO account?
Yes, you can deposit cash in an NRO account after sharing th… Show More
NRO Account Guide
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