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Open an NRI Account online today. Provide your contact details and get a call back at time convenient to you.

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Rates & Charges
Rates & Charges
 
Savings Account
NRE Savings 4.00% Apply Now
 
Fixed Deposit & RD
NRE FD
(390 days to 2 years)
7.10% Apply Now

More Rates       Service Charges 

Offer Zone Get In Touch

NRE (Non-Resident External) Savings Account*

Key Highlights

  • Park your foreign income earned outside India.
  • Free* money transfers at competitive exchange rates.
  • Enjoy full repatriability of your money & earn tax free interest in India.
  • Free mandate card & cheque book for your family in India, giving them anytime, anywhere access to your account.
*Conditions apply. Subject to levy of applicable service tax.

 

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What is an NRE Account?

  • An NRE (Non-Resident External) Account is a savings account maintained in ₹ where you invest your foreign income earned outside India.

Why choose an NRE Account?

  • Enjoy tax-free interest and fully repatriability of funds.
  • This is the most convenient way to use your foreign earnings in India.

Overview

Features and Benefits

  • Tax benefits: Interest earned not taxable in India.
  • Easy movement of funds: Funds in NRE account are fully & freely repatriable.
  • Low balance required: Minimum monthly account balance as low as ₹ 10,000 only
  • Anytime, anywhere account access: With international ATM-cum-Debit card, convenient access at over 11,000 ATMs and over 3,000 branches all over India, and phone and 24x7 internet banking.
  • Beneficial interest rates: Interest rate calculated on daily closing balances at 4% per annum. Interest paid half–yearly in June and December.
  • Low cost and Hassle ** -free money transfers: Available through various online and offline modes at competitive exchange rates
  • Money2India: Safe and simple online money transfer tracking service with online transfer to over 100 banks in India.
  • Joint holding: With another NRI.
  • Mandate benefits: Free cheque book and ATM card for mandate holder.
  • NRI Advantage: Handpicked exclusive offers catering to your needs when in India as well as when abroad. Know more.  

FREE PO Box service to send your documents.

 

 

*Please note that now Non interest bearing NRE accounts are also available under this category.
* Subject to nominal foreign currency conversion charges.
** Subject to nominal foreign currency conversion charges.

Service Charges

Monthly Average Balance

  • You need to maintain a monthly average balance of INR 10,000 at account level or INR 25,000 at Customer ID level.
  • If you are unable to maintain this minimum Monthly average balance at Savings account level, service charges will be levied. Click here  for the complete list of service charges.

 

Customer ID level: Monthly average balance in NRE Savings / Non interest bearing account + Monthly average balance in NRO Savings / Non interest bearing account + Month end balance in Fixed deposit/s and Recurring deposit/s within the same customer ID.

Documents Required

NRIs


When you submit an application for account opening at ICICI Bank branch in India or overseas, you will need :

  • Self attested photocopies of:
    • Passport: First and last four pages of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • Valid work permit/employment visa/Residence Visa/Residence Permit.
  •  
  • Address proofs: View complete list of Indian and overseas address proofs here.

When you submit an application for account opening from outside India, you will need :

  • Photocopies of the following documents which have been self-attested by the document holder as well as duly attested by a Banker / Notary / Embassy official / Consulate Official:
    • Passport: First and last four pages of the passport of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • Valid work permit/employment visa/Residence Visa/Residence Permit.
  •  
  • Address proofs: View complete list of Indian and overseas address proofs here.
  • Additionally, funding from customer’s self KYC complied account through cheque, DD, inward remittance (wire, vostro, M2I) is mandatory. In case of cheque, ensure that signature on cheque and application form match. In case of DD, customer’s name should be mentioned as purchaser in the DD advice. In case of Inward remittance, customer’s name and country mentioned in the SWIFT message should match with name and country of residence as per Account opening form.

 

PIOs


 When you submit application for account opening at ICICI Bank branch in India or overseas, you will need:

  • Self attested photocopies of:
    • Passport: First and last four pages of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • PIO card or past Indian passport of self/parent/grandparent along with a self-declaration about Indian origin OR self-declaration for PIO as given on the relationship form.
    • Valid work permit/employment visa if residence country is different from Passport issuing country. If your visa has expired, acknowledged renewal requests made to the visa authorities will be accepted.
  •  
  • Address proofs: View complete list of Indian and overseas address proofs here.

When you submit an application for account opening from outside India, you will need:

  • Photocopies of the following documents which have been self-attested by the document holder as well as duly attested by a Banker / Notary / Embassy official / Consulate Official:
    • Passport: First and last four pages of the passport of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • PIO card or past Indian passport of self/parent/grandparent along with a self-declaration about Indian origin OR self-declaration for PIO as given on the relationship form.
    • Valid work permit/employment visa if residence country is different from Passport issuing country. If your visa has expired, acknowledged renewal requests made to the visa authorities will be accepted.
  •  
  • Address proofs: View complete list of Indian and overseas address proofs here.
  • Additionally, funding from customer’s self KYC complied account through cheque, DD, inward remittance (wire, vostro, M2I) is mandatory. In case of cheque, ensure that signature on cheque and application form match. In case of DD, customer’s name should be mentioned as purchaser in the DD advice. In case of Inward remittance, customer’s name and country mentioned in the SWIFT message should match with name and country of residence as per Account opening form.

 

Students


When you submit an application for account opening at ICICI Bank branch in India or overseas, you will need:

  • Self attested photocopies of:
    • Passport: First and last four pages of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature). The signature should be clearly visible and match the signature on your registration form.
    • Valid student visa / I-20 form (applicable only for non-face to face US customers). In case a student holds a regular visa then copy of admission letter / identity card from the university to be obtained to confirm student status.
  •  
  • Address proofs: View complete list of permanent address proofs here.

When you submit an application for account opening from outside India, you will need :

  • Photocopies of the following documents which have been self-attested by the document holder as well as duly attested by a Banker / Notary / Embassy official / Consulate Official:
    • Passport: First and last four pages of the passport of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature).
    • Valid student visa / I-20 form (applicable only for non-face to face US customers). In case a student holds a regular visa then copy of admission letter / identity card from the university to be obtained to confirm student status.
  •  
  • Address proofs: View complete list of Indian and overseas address proofs here.
  • Additionally, funding from customer’s self KYC complied account through cheque, DD, inward remittance (wire, vostro, M2I) is mandatory. In case of cheque, ensure that signature on cheque and application form match. In case of DD, customer’s name should be mentioned as purchaser in the DD advice. In case of Inward remittance, customer’s name and country mentioned in the SWIFT message should match with name and country of residence as per Account opening form.

 

Sefarers


Following KYC documents should be collected for opening seafarer accounts:

  • Self attested copy of valid passport (First and last four pages of the passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph and signature). Photocopy must include first four pages of passport and the pages indicating last date of arrival in India. The signature should be clearly visible and match the signature on your registration form)
  •  
  • Self attested copy of valid visa (first two pages and last two pages of the passport as well as the page indicating the last date of arrival in India) OR continuous discharge certificate (CDC). Certificate must indicate last date of arrival in India or declaration by ICICI employee (during branch visit) confirming that you are sailing for the first time.

    Incase of employees on Oil Rigs, instead of a visa, a letter from government authority stating” allowed to entry country “ or a business Visa along with a valid appointment letter is taken.
  • Seafarer’s declaration from the customer . No separate declaration will be required if the declaration is part of the AOF
  • A) For a permanent employee then in addition to the above the:
    • i. Initial work contract and
    • ii. Last wage slip (should not be more than six months old).
      or
  •  
  • B) If the customer is a contract employee, then the following documents are also required:
    • i. Valid CDC is a mandatory document along with the last page of the disembarkation stamp
    • ii. Valid work contract with the last page of the wage slip or
    • iii. The expired/last contract letter, if the disembarkation stamp on CDC is not more than 6 months old
      or
  •  
  • C) For oil rigs,
    • i. An expired contact letter can be accepted if the last disembarkation stamp on the passport from the country where the oil rig is situated is not more than six months old.

Note - All KYC Documents provided need to be self attested

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