NRE Platina Saving Account Eligibility | Kotak Mahindra Bank

NRE Platina Saving Account Eligibility | Kotak Mahindra Bank

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NRE Account Platina

Eligibility

NRIs and PIOs as per FEMA definition
Seafarers of Indian nationality / origin employed by overseas shipping companies, or
Indian government employees with Diplomat passports, or
Students pursuing studies in foreign countries.

NRI’s – Non-Resident Indians

An NRI is an Indian citizen who stays outside India:

For employment or business; or
Intends staying outside India for an uncertain period; or
Is an official deputed abroad by Government / Public Sector Undertakings on temporary assignments

PIOs – Persons of Indian Origin

A foreign citizen is deemed to be of Indian origin if:

He/she, at any time held an Indian passport
He/she or either of his/her parents or any of his/her grandparents was a citizen of India
He/she is a spouse of a PIO / Indian citizen

Disclaimers

* Citizens of Bangladesh and Pakistan do not qualify as PIOs even if they satisfy the above conditions