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Disclaimer: # The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. All plans listed here are of insurance companies’ funds.

IndusInd Bank NRE Account

An NRE (Non-Resident External) Savings Account with IndusInd Bank is designed to cater to the financial needs of Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and other eligible individuals. This account offers a secure and convenient platform to manage your finances while residing abroad.

Plans starting from ₹1000/month

Best Investment Plans

Invest 18k/month & get 2 Crore^# on maturity
Manage your funds online60k + happy customers across 25+ countries
Compare & Choose 30+ Plans and 150+ Fund options

What is an IndusInd Bank NRE Account?

The IndusInd Bank NRE (Non-Resident External) Savings Account is a specialized banking product designed for Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and other eligible individuals residing abroad. This account allows you to conveniently manage your finances in India while earning attractive interest rates.

Key Features & Benefits of IndusInd Bank NRE Account

Interest Earning: Earn attractive interest rates of up to 7% on your savings, making it a rewarding option for your overseas earnings.
Tax Benefits: Interest earned on your NRE account is exempt from Indian taxes, allowing you to maximize your returns.
Repatriation: Funds are fully and freely repatriable, both principal and interest, providing you with complete control over your money.
Convenient Banking:
- International Debit Card: Access your funds anytime, anywhere, both within India and abroad.
- Net Banking: Enjoy the convenience of online banking with features like fund transfers, bill payments, and account management.
- Mobile Banking: Manage your account on the go through the user-friendly mobile banking app.
- Video Branch: Experience the convenience of banking from anywhere with IndusInd Bank's Video Branch services.
Domestic Banking:
- Cheque Book: Utilize a free cheque book for domestic transactions within India.
Fund Transfers: Leverage a host of online and telegraphic options to seamlessly transfer funds to India.
Low Maintenance: Maintain a low average quarterly balance of Rs. 10,000 (A&B Category Branches) / Rs. 5,000 (C& Rural Category) to enjoy hassle-free banking.

Eligibility Criteria for IndusInd Bank NRE Account

NRIs and PIOs
Seafarers of Indian nationality/origin employed by overseas shipping companies
Students pursuing studies in foreign countries

Documentation for IndusInd Bank NRE Account

Recent passport photograph
Photocopy of passport pages containing passport details and personal details
Copy of Permanent Account Number (PAN) / Form 60 (in absence of PAN)
Copy of valid proof of NRI status (Resident permit/Work permit/Employment Visa/others)
Document confirming either overseas or Indian address (Overseas address proof mandatory for PIOs)
In case of seafarers, copy of CDC and employment contract is mandatory

Conclusion

IndusInd Bank's NRE Savings Account offers a comprehensive suite of features and benefits tailored to the specific needs of NRIs. Visit your nearest IndusInd Bank branch or explore their online channels to open an account and experience seamless banking.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*Past 10 Year annualised returns as on 01-01-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 2 Cr. is for a 30 year old healthy individual investing Rs 18,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: 1,06,79,507 @ CAGR 4%; 2,12,15,817 @ CAGR 8%. All plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).