ICICI Bank
Wealthy NRIs wanting a relationship manager, free FX, and premium benefits | Interest: 3.75% p.a. | Repatriable: Yes | Tax-free: Yes
| Feature | Details |
|---|---|
| Account Type | NRI_SAVINGS |
| Interest Rate | 3.75% p.a. |
| Repatriation | Fully repatriable |
| Tax on Interest (India) | Tax-free |
| Minimum Balance | ₹1,00,000 |
| ATM Withdrawals | 10/month |
| RTGS / NEFT | All RTGS, NEFT, IMPS free | Free international wire transfers (USD 50K+ annual) |
| UPI Enabled | Yes |
| Net Banking | Yes |
| Relationship Manager | Yes |
Confirm your NRI status under FEMA (you are typically NRI on leaving India for employment or after 182 days abroad in a financial year). Keep your passport with valid visa/employment page ready.
Click "Apply Now", upload your passport, overseas and Indian address proof, PAN, and the bank’s NRI status declaration. Most banks now complete KYC via video call in 15 minutes.
Remit the initial deposit from your foreign account through the bank acting as Authorised Dealer. The account is activated within 3–5 working days; debit card and net banking credentials are dispatched to your overseas address.