All-in-one Service
From filing your ITRs, transferring funds, to managing your account from the Visament website.
Benefits of Choosing Visament
No matter what your source of income is, we've got you covered. There’s a plan for everybody!
Error-free Process
Apply for an NRE Savings account with the help of our experienced CA for a smooth application process.
Worldwide Services
Visament provides all-around global services and is a trusted option for NRIs.
Quick application Process
We ties with top Indian banks, to offer NRIs a fast and smooth application process.
Not All Partners Are the Same — Compare Here
No matter what your source of income is, we've got you covered. There’s a plan for everybody!
| Banks | Minimum Balance (Approx) | Savings Rate (Approx) | FD Rate (1-3 years) (Approx) | Action |
|---|---|---|---|---|
| SBI Bank | ₹0 \ ₹50-₹1L (Metro) | 2.70% (₹10 Cr), 3.00% (>=₹ 10 Cr) | 6.80% - 7.25% | Apply |
| HDFC Bank | ₹5K - ₹10K | 3.00% (< ₹50L), 3.50% (>= ₹50L) | 6.60% - 7.40% | Apply |
| ICICI Bank | ₹10K (account) \ ₹25K (customer ID) | 3.00% (< ₹50L) , 3.50% (>= ₹50L) | 6.90% - 7.15% | Apply |
| Axis Bank | ₹10K (AMB) | 3.00% (<₹50L), 3.50% (>= ₹50L) | 6.70% - 7.15% | Apply |
| Kotak Mahindra Bank | ₹10K (AMB) | 3.50% | 6.70% - 7.00% | Apply |
| Yes Bank | ₹10K | 4.00% - 6.25% (Tiered) | 7.0% - 7.50% | Apply |
Simple Application Process
Visament has the most straightforward application process to open your NRE savings account in just four steps.
Submit Documents
To open an NRE account, submit all the valid documents for KYC, which will help in the further application processing.
Documents Verification
Your submitted documents will be sent to the nearest embassy or notary for attestation and verification.
NRE Registration
After your document verification is completed, our Visament agent will register for an NRE savings account in India in your preferred bank account.
Access NRE Account
Once your application is registered in your preferred bank, you can access your account, which will be activated in 5-10 business days.
Necessary Documents and Proofs
Documents and proofs play a crucial role in filling out an error-free NRE account application online for Non-resident Indians.
Documentation & Proofs
- Current Passport
- PAN Card
- Visa
- Overseas Address Proof
Why Visament Is the Right Choice for NRE Account?
Choose Visament for seamless online NRE services that will provide great comfort and peace.
100% Digital Process
Visament provides you with a fully digital online process. You can access your NRE account from the Visament website. Unlike other websites, you don't need to go anywhere for your NRE savings account.
Professionalized Experts
Through the Visament, you will have access to experienced and skilled NRI experts who will handle your accounts and taxation.
Quick Banking Services
Visament is partnered with India's top trusted banks, which helps you with quick transactions and account management.
Trusted by NRIs
Many NRIs have obtained their NRE bank accounts through the secure Visament website, making it the best option for you to apply.
Easy Funds Repatriation
Visament handles all aspects, from NRIs' taxation to funds repatriation, with 100% transparency.
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Complete Banking Guide for NRIs, OCIs & PIOs
Everything you need to know — benefits, eligibility, features, and how to apply with ease.
Purpose
A Non-resident External (NRE) account helps NRIs to:
- Deposit their foreign earnings in Indian banks.
- To convert your foreign currency into INR by depositing it into an NRE account.
Benefits of an NRE Account
Here are some of the benefits of an NRE account, which are popular among NRIs.
- If you have an NRE account, you get income tax exemption on the principal amount and interest from your NRE account.
- NRE accounts also allow currency exchanges of different countries to the INR.
- You can transfer funds from your NRE account to an overseas account.
- You can open a joint account with an indian resident or relatives.
- With an NRE account, you can link your investment and trading accounts, which helps you to invest easily.
How to apply for an NRE Savings Account
Follow all the steps given below to apply for an error-free NRE account:
- Step 1: Please submit all the documents that are required for the KYC verification for your NRE account.
- Step 2: Your application will be sent to the Indian embassy for the verification of your documents and to the nearby Notary Center for attestation.
- Step 3: After your documents are verified successfully, our experts will file an NRE application to your selected bank in Indian and submit your application with all the documents.
- Step 4: Then you need to wait for the NRE account activation, which can take about 5-10 working days to access your NRE services.
Eligibility
Here's a quick understanding of who is eligible to open an NRE account.
- Those who are Overseas Citizens of India (OCI).
- Non-Resident Indians (NRIs).
- Those who are Persons of Indian origin (PIOs).
- People who work on marine vessels.
- Employees of the oil rig industry in offshore projects.
Features of an NRE Account
- Easy Transfers of Funds: NRE accounts allow you to transfer your funds without any errors.
- Attractive Interest rates: You can get a higher interest rate on your NRE savings account.
- Have a Joint Account: You can have a joint account with Indian residents or your family.
- Access online services: With a mobile app or online banking services, you can access your NRE savings account in India.
- Get a Mandate holder: You can assign a person from your family to run and manage your banking finances in India.
Necessary Documents for an NRE Account
To open your NRE savings account, you need to provide the following documents given below:
- You need to submit your valid Indian passport with entry and exit stamps.
- 2 latest passport-sized photos.
- Proof of address, such as an Aadhar card, Voter ID.
- PAN card for NRE application.
- Visa, residency permit, or work permit for proof of NRI.
- Filled NRE application form.
- Signature on the white blank paper.
- Attested documents by the notary.
Frequently Asked Questions
We offer easy, fast, and reliable OCI, Passport, and Visa services, guiding you through every step with accurate documentation, expert support.
An NRE account is an account used by a non-resident Indian to deposit Indian rupees of their foreign currency earnings. It can be used as a currency exchange and to manage investments and expenses in India.
The minimum balance you will need for a Non-Resident External (NRE) savings account is approximately 10,000 to 25,000 INR.
You can keep money in your account as long as you want it. There is no such expiry date for non-resident Indians' NRE accounts.
To open an NRE account, you need to wait for 5-10 business days for the processing of your NRE account.
NRE accounts abroad have several limitations to consider, including limited investments, Withdrawal restrictions, no domestic transactions, and the risk of currency fluctuations when transferring funds. Additionally, you cannot close your NRE savings account before converting it into a Resident Indian account.
No, you cannot deposit your Indian currency funds into your NRE account directly because it allows the transfer of foreign funds generated from outside India.
Here are some of the Indian banks that are best for an NRE account: HDFC Bank, ICICI Bank, Kotak Bank, Yes Bank, Axis Bank, DBS Bank, SBI Bank, Federal Bank, and Bank of Baroda.
An NRE accounts help NRIs to deposit their foreign deposits into Indian banks, and an FCNR accounts allow NRIs to deposit in various currencies.