Why Choose Savetaxs? Because We Put Your Comfort and Convenience First.
We have ties with top banks in India, which allows us to expedite the processing of your application.
Our CAs bring over 30 years of experience, ensuring that there are no errors or rejections during the process.
We are trusted by NRIs worldwide, including the UK, UAE, USA, Canada, and many more.
From account setup for NRIs to transferring funds or filing ITRs, you get it all 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 / ₹50K - ₹1L (Metro) | 2.70% (<₹10 Cr), 3.00% (>=₹10 Cr) | 6.80% - 7.25% | |
| HDFC Bank | ₹5K - ₹10K | 3.00% (<₹50L), 3.50% (>=₹50L) | 6.60% - 7.40% | |
| ICICI Bank | ₹10K (account) / ₹25K (customer ID) | 3.00% (<₹50L), 3.50% (>=₹50L) | 6.90% - 7.15% | |
| Axis Bank | ₹10K (AMB) | 3.00% (<₹50L), 3.50% (>=₹50L) | 6.70% - 7.15% | |
| Kotak Mahindra Bank | ₹10K (AMB) | 3.50% | 6.70% - 7.00% | |
| Yes Bank | ₹10K | 4.00% - 6.25% (Tiered) | 7.00% - 7.50% |
Nothing Complicated, Just an Easy Four-step Process, And You've Opened Your NRE Account With Savetaxs.
Submit all the basic required KYC documents. We will further assist you in filling out the form.
Submit all the required documents to us, and we will have them attested by the embassy or a notary and then verify them to ensure accuracy.
Once your documents are verified and attested, our experts will file your application with your preferred bank.
Once the application is filed, your account will be activated within 5 to 10 business days.
No matter what your source of income is, we've got you covered. There’s a plan for everybody!
What Gives us an Edge is That We Work Beyond Numbers. Here at Savetaxs, we Prioritize Our Clients' Comfort And Peace of Mind Above All Else.
We're 100% digital here at Savetaxs. You can open your NRE account from anywhere and at any time.
Our team of experts brings over 30 years of professional experience as NRI tax experts; your account and taxation are in safe hands.
We have partnered exclusively with top and trusted banks in India, ensuring that all transactions are completed quickly and accurately.
We offer comprehensive assistance from filing the form to attestation, follow-ups, and more.
You can get more from Savetax. Our services don't just end here; we handle everything from NRI taxation filing and fund repatriation to more.
We Listen, We Care, We Deliver! From The Very Beginning, Our Company Has Consistently Adhered to One Principle: Providing The Best For Our Clients.
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Question Related to NRI Account Answered by Experts!
Choosing the best for the open and NRI account depends on the individual's choice. However, we at Savetaxs ensure that your NRI accounts are only opened in credible, reliable, and top banks in India. We specialize in providing the best financial and banking services for NRIs. We keep everything transparent with you so you know which bank your account is with. In a nutshell, with Savetaxs, you get the best NRE account services and more.
As defined by the Foreign Exchange Management (FEMA), non-resident Indians are eligible for NRI accounts. This includes Indian citizens residing outside India for various purposes, such as business, education, employment, or other reasons. Person of Indian Origin (PIOs) and Overseas Citizens of India (OCIs) can also apply for an NRI account. However, individuals must be at least 18 years old to open an NRI account in their name.
Depending on the account type of the NRI account, whether it is an NRO or NRE account, the account holder can withdraw money from their NRI account. Non-Resident Indians (NRIs) can utilize several methods, such as online transfers via internet banking or a mobile app, brand withdrawals using a cheque from the branch, or an international debit card.
There are several benefits of the NRI account, like:
Easy money transfer to India: As an NRI, whether you have opened an NRE meaning Non-Resident External account, or an NRO account, you can deposit income earned in a foreign country in such accounts. You can now access these funds through any bank branch in India as well. In other words, having an NRI bank account is a simpler way to remit money to India from a foreign country.
Repatriation of funds: As per current regulations, you can easily do the repatriation of funds available in your NRE savings accounts, which applies to both the principal and interest income. To put it simply, you can conveniently transfer funds from your NRE (Non-Resident External) account back to a foreign account without any restrictions.
Taxation benefits: There is no tax on the interest earned in your NRE fixed deposits as well as the NRE savings accounts in India. NRO accounts, as well as NRO fixed deposits, are subject to tax deducted at source to comply with the Income Tax Department's set regulations. However, you have the option of transferring funds from your NRO account to your NRE account once you have paid the applicable taxes.
Minimal balance: The Indian banking system allows you to maintain a minimal balance in your NRI bank accounts; you do not need to maintain a high balance. Nowadays, in most banks, the minimum balance required in your NRE or NRO account is 10,000 Rs.
Invest in the Indian Market: Once you have opened your NRI account in India, you can easily invest the deposited funds in different financial assets of India. You can use the fund to invest in mutual funds, real estate, or even fixed deposits.
For parking overseas income in your NRE account you need to follow a comprehensive online process to open an NRE account from the UK right from the beginning, including finding the right bank, gathering all the documents and verifying them, filling the application form, and submitting the whole document without any errors because if the errors come you the whole application gets rejected.
However, you did not need to take on such a significant stress ball over your head because we at Savetaxs have decades of experience in financial and banking services for NRIs, including opening online NRE account services, and our experts will handle the entire process. They will open your account, keeping you informed, and ensure that there are no errors.
