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Savings Account with industry best 7% Interest

Notifications

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Earn tax-free interest up
to 7% p.a. on your foreign
currency earnings

NRE Savings Account

Open NRE Account

Zero Processing Fee

And competitive exchange rates on remittances

Bank From Anywhere

With our app – rated #1 in India

High Interest Rates

Calculated daily & credited every month

Open NRE Account

Overview

IDFC FIRST Bank offers a range of INR-denominated NRI Savings Accounts designed to help Non-Resident Indians (NRIs) conveniently manage their finances in India. For depositing foreign income or handling earnings from Indian sources, our accounts offer flexibility, high interest rates, and seamless digital access.

Read more

We offer you the best interest rates

Account balance

₹10K ₹5Cr

Set your balance to ₹10L or more to unlock 7% interest p.a.!

Existing bank interest rate

p.a. paid quarterly

2.5% 4%
Extra interest with IDFC FIRST

₹63,248

Interest you earn
from other bank

₹60,678

Interest per year

Interest you earn from
IDFC FIRST Bank

₹1,23,926

Disclaimer
Unlock savings now!

What makes our NRE Savings Account special?

0% Tax-Free
Interest

The interest you earn from your NRE Savings Account is completely exempt from taxes in India.

Competitive
Interest Rate

Enjoy better returns on your foreign earnings and grow your wealth quickly with interest rates up to 7% p.a.

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Dedicated
Relationship
Manager

Get personalised assistance with a dedicated NRI banking expert.

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ZERO Charges on Money Transfers

Transfer money to and from your NRE Savings Account without any fees or charges.

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Fully Repatriable Funds

Transfer funds from your NRE account to your overseas bank account without hassle.

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Complimentary International Debit Card

Enjoy high ATM withdrawal and spending limits with your complimentary VISA Signature International Debit Card.

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Joint Account Flexibility

Get the flexibility to open a joint account with another NRI or a Resident Indian.

Award-Winning Mobile Banking

Manage your NRE Savings Account from anywhere in the world with our award-winning mobile banking app.

Complimentary VISA
Signature International
Debit Card

Attractive debit card benefits facilitating transactions wherever you go.

Complimentary domestic airport lounge access, twice every quarter

Personal Accidental Insurance cover of 35L and Air accidental insurance cover of 1CR

Higher daily purchase limit of ₹6 lakh and higher daily ATM withdrawal limit of ₹2 lakh

Free and unlimited ATM transactions: at any bank, anywhere in India

Glance at the fees & charges

Enjoy 100% liquidity with tax exempt returns and remote processing for all banking transactions from anywhere, anytime!

Show fees and charges

How To Open An
NRE Savings Account

When In India When Overseas

Open Savings Bank Account online in just 3 simple steps. Online account opening does not require any paperwork or branch visit.

Visit your nearest IDFC FIRST Bank branch in India and carry all the requisite self-attested KYC documents.

Our branch representative will guide you through each step of the account opening process.

Your account will be opened on successful verification of the documents.

Open Savings Bank Account online in just 3 simple steps. Online account opening does not require any paperwork or branch visit.

Visit your nearest IDFC FIRST Bank branch in India and carry all the requisite self-attested KYC documents.

Our branch representative will guide you through each step of the account opening process.

Your account will be opened on successful verification of the documents.

Eligibility for NRE Savings Account

Non-Resident
Indians

Person of Indian Origin (PIO)/
Overseas Citizen of India (OCI)

Seafarers and Oil
Rig Employees

Documents needed

Identity Proof

  • Passport

Additional Proof

  • PAN/Form 60
  • Photo
  • Signature

Non-Resident Status Proof

Any of the following:

  • Visa
  • PIO/OCI card
  • Foreign Passport with PIO declaration
  • Continuous Discharge Certificate with Valid contract letter for seafarers
  • Resident Permit

Overseas Address Proof

Any of the following documents mentioning your overseas address:

  • Passport
  • Driving license
  • National ID /Government issued IDs
  • Latest utility bill (mobile/gas/electricity/telephone)
  • Latest savings bank statement from a transactional account
  • Council tax bill
  • Resident Permit
  • Voter ID/Electoral card
Show more

Disclaimer: When not being met by an IDFC FIRST Bank employee, please ensure your passport and address proof copies are certified by any one of the following entities from your overseas country of residence: Overseas bank with tie up to any Indian Bank / Overseas Branch of Indian Bank / Notary / Court Magistrate / Judge / Indian Embassy.

Explore other NRI Banking products

NRE Fixed Deposit

Earn tax-free interest on your foreign funds by investing in a fixed deposit account maintained in Indian Rupees.

Open Account Know More

FCNR Deposits

Invest your overseas earnings and get tax-free interest with FCNR Deposits maintained in foreign currency

Open Account Know More

Max Returns FD

Earn higher returns than your regular deposits by booking forward contracts on your deposits

Know More

Testimonials

Amazing Credit Card

I wanted to extend a huge thanks to IDFC FIRST Bank for the amazing credit card! As a student, it's truly been a lifesaver, and I genuinely appreciate the convenience and flexibility it provides. Keep up the fantastic work!

Ramendra pandey

August 03, 2025

Remarkably smooth verification

My experience with IDFC FIRST Bank's credit card issuance was remarkably smooth, particularly the simple document verification. I value their innovative customer engagement, evident in their proactive offers and partnerships with brands. They prioritise making credit accessible to their cardholders.

Shashi Nair

August 03, 2025

Exceptionally Fast Service

IDFC FIRST Bank consistently delivers exceptionally fast service, unparalleled by other banks. A significant highlight of this bank is their reward points programme. These reward points never expire, adding immense value to my card usage and purchases.

Dharmendra Kumar

August 03, 2025

More resources for NRIs

Senior Citizen Savings Account: Features & Benefits

17 Sep 2022 | 3 mins read

Read More

All about pension schemes in India and their benefits

21 Apr 2023 | 3 mins read

Read More

Secure your golden years: Expert tips for effective retirement planning

21 Aug 2023 | 3 mins read

Read More

Frequently asked questions

Are there any specific regulations for NRIs in the USA when opening an NRI account in India?

There are specific regulations that NRIs in the USA must adhere to when opening an NRI account in India. The Reserve Bank of India (RBI) has set guidelines to ensure compliance and transparency. NRIs need to provide valid identification documents, proof of NRI status, and adhere to the Foreign Account Tax Compliance Act (FATCA) regulations. FATCA requires individuals to report their financial accounts held outside the USA, and Indian banks, including IDFC FIRST Bank, must report NRI account details.

How can I provide proof of my US address for NRI account opening?

How can I open an NRI savings account from the USA?

Are there any specific regulations for NRIs in the USA when opening an NRI account in India?

There are specific regulations that NRIs in the USA must adhere to when opening an NRI account in India. The Reserve Bank of India (RBI) has set guidelines to ensure compliance and transparency. NRIs need to provide valid identification documents, proof of NRI status, and adhere to the Foreign Account Tax Compliance Act (FATCA) regulations. FATCA requires individuals to report their financial accounts held outside the USA, and Indian banks, including IDFC FIRST Bank, must report NRI account details.

How can I provide proof of my US address for NRI account opening?

How can I open an NRI savings account from the USA?

Show more

Dedicated NRI Support

Experience premium support services crafted specifically for Non-Resident Indians worldwide!

For NRIs currently in India

Call us at 1800-419-4332

Write to us

nriservices@idfcfirstbank.com

Other Countries

Country specific information here

Reach out to your Dedicated Relationship Manager. Login to IDFC FIRST Bank Mobile Banking App > Access Menu in top left > My Relationship Team