NRI Bank account best bank

KC9819

KF Rookie
Which is the best bank to open NRE/NRO account? I want online opening from USA and verification from India.
 

ShavirB

Founder
Staff member
Do you have an existing Savings Account in India? Or you wish to open a New Account from scratch?
 

ShavirB

Founder
Staff member
As per my analysis, these are some of the things you should consider before opening NRE/NRO account
  • Interest Rate on Savings
  • Fees associated with repatriation of funds
  • Bank's Reputation
  • Presence of Branch nearby
  • Extra Services Offered (dedicated desk for NRIs)
  • Ability to open an Account remotely
Basis above factors, these are the 2 Banks I would recommend for your specific needs

1) DBS Bank - Interest Rates are generally better than most of the PSU Banks and they have a dedicated desk for NRE/ NRO Accounts. Their charges are also reasonable

2) Kotak Mahindra Bank - Charges are reasonable but there's a limit on the amount (per day limit) you can send back to India.
 
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