• Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors
  • Personal
  • Business
  • Corporate
  • Private Banking
  • Privy League
  • NRI Services
  • Investors

Let’s check if you are eligible to convert your savings account to Non-Resident account.

  • 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

ELIGIBILITY CONDITIONS FOR NR ACCOUNT BASIS RESIDENTIAL STATUS

Account Type Residential Status

Domestic / Resident Accounts

Non Resident Ordinary (NRO) Accounts

Non Resident External (NRE) Accounts

Foreign Currency (FCNR)
Deposit

NRI

Not-permitted

Permitted

Permitted

Permitted

PIO/OCI

Not-permitted

Permitted

Permitted

Permitted