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General FAQs |
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Who qualifies as a Non-Resident Indian (NRI)?
An NRI is a person resident outside India who is a citizen of India or is a person of Indian origin.
Under the Foreign Exchange Management Act (FEMA), generally, a person is resident outside India if the person is in India for less than 182 days during the course of the preceding financial year and also includes any person who stays abroad
- for employment, or
- for carrying on any business or vocation, or
- for any other purpose indicating an intention of stay outside India for an uncertain period
- for education*
* provided the student has stayed overseas for more than 182 days in the preceding financial year.
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Who is a person of Indian origin?
You are deemed to be a person of Indian origin if you are a foreign citizen (other than of Pakistan or Bangladesh), and if:
- You have at any time held an Indian passport or
- You or either of your parents or any of your grandparents were citizens of India by virtue of the Constitution of India or the Citizenship Act, 1955
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- You are the spouse of an Indian citizen or of a person of Indian origin (other than of Pakistan or Bangladesh
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What are the types of bank accounts available to NRIs?
The type of accounts available to you are:
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Non-Resident External (NRE)
- Non-Resident Ordinary (NRO)
- Foreign Currency Non-Resident (FCNR)
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Can I open a joint account?
| Type of Account
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Joint Account with Resident Indians
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Joint Account with Non-Resident Indians
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| NRO |
Yes |
Yes |
| NRE |
No |
Yes |
| FCNR |
No |
Yes |
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Can I open an NRI account without having to come to the branch in India?
Yes. You can open an account with any HDFC Bank branch in India without having to come to the branch in India.
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How do I open an account with your Bank?
Please click here to download the form to open an account.
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What are the documents that I need to submit to open an account with your bank?
Please click here
for all the information you will need to submit the documents.
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What are the service charges for NRI account?
Please click
here to view service charges for your NRI account..
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