Top performing plans for NRIs/OCI/PIO

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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.

Indian Bank NRO Account

Non-Resident Indians (NRIs) often need an efficient way to manage their income earned in India, such as rent, pensions, or dividends. Indian Bank's NRO (Non-Resident Ordinary) Account is designed to meet these needs seamlessly, ensuring that NRIs can handle their financial matters in India with ease.

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 NRO Account?

An NRO (Non-Resident Ordinary) Account allows NRIs to manage their income earned in India in the form of rent, dividends, pensions, or any other legitimate sources. This NRO account is maintained in Indian Rupees (INR) and is subject to taxation under Indian laws. It supports both savings and fixed deposit options, providing NRIs with flexibility and convenience to handle their domestic financial needs.

Features of Indian Bank NRO Account

Multiple Deposit Options: Offers savings, current, and fixed deposit account variants.
Repatriation Facility: Funds can be repatriated up to the permissible limit after tax deductions.
Attractive Interest Rates: Competitive interest rates on both savings and fixed deposits.
Joint Account Facility: Can be opened jointly with another NRI or resident Indian (close relative).
Internet Banking: Provides seamless access to account management through online banking.
Loan Facilities: Loans can be availed against deposits to meet financial needs.
Tax Deducted at Source (TDS): Income earned is subject to TDS as per Indian regulations.

Types of Indian Bank NRO Account

Indian Bank NRO Account can be opened in the form of:

Current Account
Savings Account
Recurring Account
Term Deposit

Eligibility for Indian Bank NRO Account

Individuals of Indian origin residing outside India (NRIs).
Persons of Indian Origin (PIO) holding valid PIO or OCI cards.
Foreign nationals residing in India temporarily for employment or business purposes (specific conditions apply).

Conclusion

Indian Bank's NRO Account is an efficient financial tool for NRIs to manage their India-based income. With features like repatriation, attractive interest rates, and easy access through digital platforms, it offers convenience and value for global Indians.

†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).