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Indian Bank Account

Non-Resident Ordinary account available as current, savings, recurring or term deposit, with taxable interest and repatriation up to USD 1 million per financial year after applicable taxes.

NRE / NRO / FCNR typeNRO account available as current, savings, recurring or term deposit.Interest rateNRO savings rate follows the published SB/NRO/NRE schedule: 2.50% p.a. up to ₹10 lakh, 2.60% above ₹10 lakh to below ₹200 crore and 2.65% from ₹200 crore and above.Minimum balanceNo universal minimum balance is published on the reviewed NRO page; the applicable variant's schedule controls.
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Quick eligibility check

Indian Bank Account

0 of 6 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Non-Resident Indians?

Published source: Residency eligibility

2Are you this type of customer: joint holding with resident Indian or NRI is permitted, and residents may operate for local payments through power of attorney?

Published source: Residency eligibility

3Are you this type of customer: NRI account?

4Are you this type of customer: joint operation with resident Indian or NRI permitted?

5Do you meet this requirement: maintained only in Indian rupees?

6Document checkDo you have at least one of these required documents: NRO account-opening form, passport/visa or overseas address proof, PAN/Form 60, KYC and remittance evidence?

0 of 6 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India and eligible channels

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

NRE / NRO / FCNR typeNRO account available as current, savings, recurring or term deposit.View source
The official page lists all four forms.
Source
Non-Resident Ordinary Account
Page / section
Type of account
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
CurrencyIndian rupees only.View source
The page states the account can be opened only in Indian rupees.
Source
Non-Resident Ordinary Account
Page / section
Salient features
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum balanceNo universal minimum balance is published on the reviewed NRO page; the applicable variant's schedule controls.View source
The official page publishes forms and repatriation but no minimum balance amount.
Source
minimum-balance review
Page / section
Complete product page
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateNRO savings rate follows the published SB/NRO/NRE schedule: 2.50% p.a. up to ₹10 lakh, 2.60% above ₹10 lakh to below ₹200 crore and 2.65% from ₹200 crore and above.View source
The official schedule publishes the -/- balance bands.
Source
Interest Rates on // Accounts
Page / section
-/- interest rates
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
RepatriationNRI-held NRO funds may be repatriated up to USD 1 million per financial year after applicable taxes; transfer to NRE is within the same ceiling and requires tax/CA documentation.View source
The official page publishes the USD 1 million annual ceiling and transfer condition.
Source
Non-Resident Ordinary Account
Page / section
Benefits
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Residency eligibilityNon-Resident Indians; joint holding with resident Indian or NRI is permitted, and residents may operate for local payments through power of attorney.View source
The official page publishes joint and power-of-attorney rules.
Source
Non-Resident Ordinary Account
Page / section
Salient features
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Current, savings, recurring and term-deposit forms
  • Cash, remittance, foreign exchange and / transfer funding
  • Loans against term deposits under rules
  • Nomination and resident power-of-attorney operation
  • Repatriation up to USD 1 million per financial year after tax; transfer to within the same ceiling

Eligibility

  • account; joint operation with resident Indian or permitted; maintained only in Indian rupees.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • account-opening form, passport/visa or overseas address proof, /Form 60, and remittance evidence

Related official documents

NRE and RFC SB Interest Rates — Indian Bankofficial-rate-sheet · current · accessed 31 Aug 2026
↗
Non-Resident Ordinary Account — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Account interest estimate

See roughly how much interest a steady account balance could earn over the period you choose.

Interest you may earn₹2,500two thousand five hundred rupees
Balance including interest₹1,02,500one lakh two thousand five hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

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Savings · Type / currency savings;

This value is copied from Indian Bank accounts and deposits — published terms. Check the table notes before relying on it.

Source: Indian Bank account and deposit catalogue · / accounts; premium variants; deposits; rate sheet Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 8 rows · 6 columnsIndian Bank NRI accounts and deposits — published termsView tableHide table

Scroll sideways to view every column

Indian Bank NRI accounts and deposits — published terms
ProductType / currencyBalance or coreRate / tenureRepatriation / withdrawalEligibility
Savings savings; Ordinary minimum not published2.50%–2.65% p.a. by balance; open-endedFunds/interest freely repatriable; tax-free interest; close-relative joint former/survivor
Account current/savings//term; Minimum not published2.50%–2.65% p.a. bands; form-dependentUp to USD 1 million/year after tax; local withdrawals; resident/ joint
IND D'ElitePremium savings; ₹10 lakh or ₹5 lakh + ₹50 lakh or ₹1 lakh + ₹1 crore rate; open-ended repatriation; premium services meeting selected option
IND PremiumPremium savings; ₹2 lakh or ₹1 lakh + ₹10 lakh or ₹50,000 + ₹25 lakh rate; open-ended repatriation; premium services meeting selected option
IND Plus savings; ₹50,000 or ₹25,000 + ₹5 lakh or ₹10,000 + ₹10 lakh rate; open-ended repatriation; premium services meeting selected option
/MMD/ term deposits; Minimum not published1–10 years; 6.00%–6.20% p.a. standard bandsMaturity/interest freely repatriable; loan subject to rules/eligible joint holders
IND Millionaire recurring; ₹10 lakh maturity target and multiples1–10 years; instalment table by termLinked / credit; preclosure allowed/
IND Flexi // recurring; Core ₹1,000–₹1,00,000; up to 10×/₹10 lakh monthly12–36 months; corresponding NR term rate/-specific preclosure and rules// with linked / account
Indian Bank account and deposit catalogue · / accounts; premium variants; deposits; rate sheet · accessed 31 Aug 2026Open official source ↗

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