What are the Digital Banking Services for NRI Banking offered by IndusInd Bank?
By Space Coast Daily // December 31, 2023
When you become an NRI, a lot changes for you – culture, surroundings, people, and, most importantly, your finances.
Once your residency status changes, you can not operate a regular Indian bank account, transfer funds through UPI or net banking, or make investments in India the same way.
Fortunately, with NRI banking services, you can take charge of your finances in India. Modern-day banks such as IndusInd Bank offer end-to-end NRI banking services with a seamless digital experience, allowing you to handle your finances with ease.
IndusInd Bank’s NRI Banking Services
IndusInd Banks offers a diverse range of NRI banking products to help you effectively manage your finances in India:
Accounts
Whether you want to park your overseas income in India or manage your Indian income abroad, IndusInd Bank’s convenient NRI bank accounts allow you to do both with ease.
- NRO Regular Savings Account
Manage business or rental income earned in India with IndusInd Bank’s NRO Savings Account while earning an attractive rate of interest. You also have the freedom to repatriate these savings to your international bank account, and appoint a mandate holder to operate your account in India.
- NRE Regular Savings Account
With IndusInd Bank’s NRE savings account, you can transfer your foreign earnings to India while earning tax-free interest on your savings. You can also open it jointly with a dependant in India or with another NRI/PIO. A low minimum balance requirement, international debit card, and convenient digital platform make IndusInd Bank the best bank for NRE accounts.
Money Transfer
IndusInd Bank eases cross-border transactions for NRIs with two key services:
- Remit to India
IndusInd Bank’s Indus Fast Remit offers a simple online platform for NRIs in the US and Singapore to send money to India securely. IndusInd Bank has partnered with SWIFT Transfers to enable transfers from anywhere in the world in 17 currencies, ensuring secure and prompt transactions. Funds can be credited to NRO or NRE bank accounts or used for FCNR FD bookings.
- Remit from India
You can remit your funds held in India from your Non-Resident External (NRE) Account, Non-Resident Ordinary (NRO) Account or NRO Deposit to your overseas account by visiting our Forex Enabled IndusInd Bank branch or through email instructions.
Deposits
IndusInd Bank offers a range of deposit options to park your Indian or foreign income and earn attractive returns.
- NRE Fixed Deposit
This deposit scheme allows NRIs and Persons of Indian Origin (PIOs) to invest income earned overseas securely. These deposits are not only tax-free but also fully repatriable, providing a safe and liquid investment avenue with attractive interest rates and tenures between 1 and 10 years.
- NRO Fixed Deposit
An NRO Fixed Deposit is ideal for NRIs looking to earn attractive returns on their income in India. The RBI allows repatriation of up to USD 1 million or equivalent in a financial year for bonafide purposes.
- FCNR Deposits
FCNR Deposits offer NRIs the opportunity to maintain deposits in a foreign currency. They offer appealing interest rates, also providing a hedge against foreign exchange risk.
IndusInd Bank’s NRI Digital Banking Features: Streamlining Access
You can enjoy IndusInd Bank’s range of NRI banking services with our innovative digital banking solutions through IndusNet Banking, allowing you to manage your finances with ease from anywhere and at any time.
IndusMobile
The IndusMobile app allows you to bank anytime anywhere through your mobile phone. You can access information concerning your account and conduct transactions on your IndusInd Bank accounts with the help of your mobile phone.
Banking on WhatsApp
Use the most popular messaging platform to check your account balance, last three transactions, reward points and other NRI banking services.
Video Branch
Clear all your NRI banking-related queries with face-to-face interactions with bank officials, courtesy of the Video Branch service.
Effortlessly Bank Beyond Borders with IndusInd Bank’s Digital NRI Banking
Fast remittances, simplified account operations, and big returns – IndusInd Bank’s NRI banking services empower you to bank in India easily and without any worries. With dedicated assistance, secure banking features, and on-the-go digital banking capabilities, IndusInd Bank’s digital solutions for NRI banking ensure you manage your finances with convenience.
