Features NRE NRO NRE Fixed NRO Fixed FCNR (B) Resident Foreign

Account Account Deposits Deposits Account Currency (RFC)

 Account Type Saving Saving Fixed Deposit Fixed Deposit Fixed Deposit Fixed Deposit
Account Account

Current Current
Account Account
 Currency Indian Indian Indian Rupees Indian Rupees US Dollars, British US Dollars, British
Rupees Rupees Pounds, Euros, Pounds, Euros,
Japanese Yen, Japanese
Canadian Yen
Dollars, Australian
Dollars, Danish
Krone, Swiss
Francs, Swedish
Krona
 Average Monthly Savings Savings Minimum First Minimum First USD 1000 USD 5000
balance
account- account- Deposit Deposit
INR INR 1,50,000 INR 25000 INR 25000 GBP 500 GBP 3500
1,50,000
 Current Current JPY 125000 JPY 500000
Account- Account-
EUR 750 EUR 5000
INR INR 1,50,000
1,50,000 CAD 1500
AUD 1500
DKK 1000
CHF 1000
SEK 1000

 Repatriation Freely Restricted Freely Restricted Freely Repatriable Freely Repatriable

Repatriable repatriability^ Repatriable repatriability^
(Post (Post
Deduction of Deduction of
applicable applicable tax)
tax)
 Tax Tax free* Taxes* Tax free* in Taxes* Tax free* in Taxes* applicable
in applicable India applicable India in India
India in India in India
 Joint Account With Resident With Resident With Resident With Resident Only with other
Resident Indians as Indians^^ as Indians as Indians^^ as well as returning
Indians^^ as well well as other well as other other NRIs Non-Resident
well as as other NRIs NRIs NRIs Indians
other NRIs
 Deposit of Rupee Not Permitted Not permitted Permitted Not permitted Not permitted
funds generated
in India
permitted

 Choose this You need You need an You want to You want to You want tax free* You wish to
an account account for earn higher earn higher returns in India on maintain
account if… for making INR returns on your returns your your overseas
making payments / overseas compared to a foreign currency savings
INR investments savings as savings/current fixed or NRE/FCNR (B)
payments / in India from compared account deposits account balances in
investments your India to a on your Rupee foreign currency
in India earnings savings/current income even
from account in earned in India after you return to
your India India
overseas and convert them
earnings into
INR at a more
favourable
exchange
rate at a later date

You want You need an You want tax You wish to keep
to maintain account for free* your
your depositing returns in India overseas savings in
savings in your income on your India but do not
INR but in INR fixed want to
keep India from deposits convert them into
them liquid sources such INR
as rent,
dividends,
etc.

You wish You wish to

to open an open the
INR account
account jointly with a
jointly person
with resident in
another India
 NRI

You want
your
Rupee
savings to
be freely
repatriable

Apply Apply now Interest Rates Interest Rates Interest Rates Interest Rates
now

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NRI deposits are under the Reserve Bank of India programme for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programmes, are subject to the
sovereign risk arising from, and governed by the laws of, or any changes to the laws of India.

NR Accounts and NRI Services are offered by The Hongkong and Shanghai Banking Corporation Limited.
^^
NRE / FCNR Accounts opened / held jointly with resident close relative (relative as defined in Section 6 of the Companies Act 1956), can be operated only on 'Former or Survivor' basis.

*Indian tax information given herein is general and is not meant to constitute, and therefore should not be construed, as an advice. The tax consequences are also based on individual facts and
circumstances. As such, prior professional tax advice should be sought to fully understand and appreciate the Indian tax implications. We assume no obligation or liability of any nature whatsoever
by issuing this document.

^As per current local regulations the permissible remittance from the balances in NRO accounts is up to USD 1 million, per financial year for all bonafide purposes. The remittances (net of
applicable taxes) will be allowed to be made on production of an undertaking by the remitter and a Certificate from a Chartered Accountant in the prescribed formats