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NRO Savings Account

NRO Savings Bank Account An account devised by KGB to simplify and eliminate the headache to maintain and manage an NRI’s income earned in India.

Exclusively designed for NRIs to make the herculean task of managing and tabulating income earned in Indiaa thing of the past. Enjoy the simplicityand ease of transaction duly enabled by a robust Information Technology platform.

Overview

  • NRO Accounts are designed to maintain and manage an NRI’sincome earned in India such as Rent, Dividends, Commission, Pension, etc. The amount realized on account of sale of immovable property in India, Sale of securities such as Shares, Mutual funds, etc., can also be parked and managed through NRO accounts.

Features

  • Suitable for Non Resident Indians having income in India. There is no restriction on the number and amount of deposits.
  • Facility to withdraw through cheque /withdrawal slip/ATMs/Banking Correspondents.
  • Nomination facility available.
  • RuPay Debit Card.
  • Instant SMS Alerts.
  • Free Email Alerts.
  • TDS applicable as per the extant IT guidelines.
  • Can view your account statement (passbook) using DiGi KGB app.

How to Open?

  • For opening NRO Savings account, please download the account opening form. Duly fill and submit the same to your branch of choice along with the documents.
  • Download form
  • Declaration-Individual

Balance Requirement

  • Minimum Balance of Rs. 1,000/- must be maintained.

Interest Rates & Charges