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Notice

SAVINGS ACCOUNTS

At HDFC Bank, we offer you 2 options for Savings Accounts. Take a look

Non Resident External
Savings Account (NRE)
Non Resident Ordinary
Savings Account (NRO)
         
  Purpose  
  Meant for foreign exchange earned outside India and transferred to India. Meant to keep the money you earn or acquire in India before and after becoming an NRI.  
  Currency  
  Indian Rupees Indian Rupees  
  Minimum account opening amount  
  INR 10,000 (Urban)
INR 5,000 (Semi-Urban)
INR 10,000 (Urban)
INR 5,000 (Semi-Urban)
 
  Interest Rate  
  4% p.a. 4% p.a.  
  RepatriationTransferring money from India to foreign country  
  The Principal and interest earned are fully repatriable
RBI allows repatriation only up to one million USD per financial year for bonafide purposes (e.g. education, medical expenses etc)
 
  Taxation  
  Interest earned is exempt from tax (i.e. tax- free) Interest is taxable under Indian income tax  
  Joint Account  
  This account can be held jointly with other non-resident Indian(s) or Resident Indian*.
*(on former or survivor basis)
This account can be held jointly with resident or non-resident Indian(s).  
  Mandate holders  
  An Indian resident can be authorized to operate the account and provided with an ATM card for the account An Indian resident can be authorized to operate the account and provided with an ATM card for the account  
  Know more Apply Online Know more Apply Online  

You can:

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