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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

Easy, Convenient & Fastest account opening

SPONSORED

  • 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