All-in-one Service
From filing your ITRs, transferring funds, to managing your account from the Visament website.
No matter what your source of income is, we've got you covered. There’s a plan for everybody!
From filing your ITRs, transferring funds, to managing your account from the Visament website.
Apply for an NRE Savings account with the help of our experienced CA for a smooth application process.
Visament provides all-around global services and is a trusted option for NRIs.
We ties with top Indian banks, to offer NRIs a fast and smooth application process.
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 |
Visament has the most straightforward application process to open your NRE savings account in just four steps.
To open an NRE account, submit all the valid documents for KYC, which will help in the further application processing.
Your submitted documents will be sent to the nearest embassy or notary for attestation and verification.
After your document verification is completed, our Visament agent will register for an NRE savings account in India in your preferred bank account.
Once your application is registered in your preferred bank, you can access your account, which will be activated in 5-10 business days.
Documents and proofs play a crucial role in filling out an error-free NRE account application online for Non-resident Indians.
Choose Visament for seamless online NRE services that will provide great comfort and peace.
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.
Through the Visament, you will have access to experienced and skilled NRI experts who will handle your accounts and taxation.
Visament is partnered with India's top trusted banks, which helps you with quick transactions and account management.
Many NRIs have obtained their NRE bank accounts through the secure Visament website, making it the best option for you to apply.
Visament handles all aspects, from NRIs' taxation to funds repatriation, with 100% transparency.
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.
Here are some of the NRE account benefits that you must know, then you can have an easy transfer of funds, can use it as a savings account, have income tax exemption, can earn interest with an NRE savings account, access online banking and ATMs, and transfer NRE savings account money tax-free in India.
Yes, you are eligible to open an NRE account if you are a non-resident of Indian, an Overseas Citizen of India (OCI), or a Person of Indian origin.
You need to submit a PAN card, a Passport, a Foreign address proof, a residency certificate, a Tax residency certificate, Poof of repatriation funds, a passport-size photo, and a Proof of non-residency certificate for an NRE account.
To apply for an NRI account first, you need to gather all the required documents for the KYC. After that, your documents will be further processed for attestation and verification. After submitting your application, you can apply for an NRE account at your preferred bank. Your account will be activated within 5-10 days.
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.
When you visit a website, it may store data about you using cookies and similar technologies. Cookies can be important for the basic operations of the website and for other purposes. You get the option of deactivating certain types of cookies, even so, doing that may affect your experience on the website.
It is required to permit the basic functionality of the website. You may not disable necessary cookies.
Used to provide advertising that matches you and your interests. May also be used to restrict the number of times you see an advertisement and estimate the effectiveness of an advertising campaign. The advertising networks place them after obtaining the operator’s permission.
Permits the website to recognize the choices you make (like your username, language, or the region you are in). Also provides more personalized and enhanced features. For instance, a website may inform you about the local weather reports or traffic news by storing the data about your location.
Aid the website operator to determine how the website performs, how visitors interact with the site, and whether there are any technical issues.
_1741066478.png)
