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SGD to INR Today: DBS Treasures help you to convert with sgd to rupee conversion. Buy, sell, transfer or find out sgd to inr today!

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At a Glance

Like the US and many other countries such as Canada, Australia, and New Zealand, the currency of Singapore is also called the Dollar. Abbreviated as S$ or SGD and is sometimes referred to as the "Sing" colloquially by the locals. The Monetary Authority of Singapore is the entity in charge of issuing SGD banknotes and coins in Singapore.
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Currency Converter Tool

Try our online currency converter and get SGD to INR rates instantly.

About Singapore Dollar (SGD) Rate Today

The Singapore dollar is the thirteenth most traded currency globally by its value as well as the third most powerful currency in Asia, behind the Japanese yen (JPY) and the Renminbi - the official currency of the People's Republic of China. Besides Singapore, SGD is also accepted in Brunei due to the Currency Interchangeability Agreement signed by the Monetary Authority of Singapore and the Monetary Authority of Brunei Darussalam. All issued Singaporean currency in circulation is fully backed by external assets in its currency fund to maintain public confidence.

The Singapore Dollar comes in nine denominations; in coin and note tenders of 1, 5, 10, 25, 50, 100, and 500. One Singapore dollar is further subdivided into 100 cents.

As Singapore continues to build its reputation as an emerging superpower with its robust financial centres, its currency continues to remain stable over changing forex market cycles. The stability of the SDG has further contributed to the image of Singapore as a popular destination for offshore investments.

You can get attractive preferential conversion rates of SGD to INR by reaching out to your DBS Treasures NRE or NRO account Relationship Manager. Alternatively, you can visit the nearest DBS branch in person or contact the customer care helpline to get preferential Singapore Dollar to Indian Rupee conversion rates.
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Get Competitive SGD to INR Conversion Rates with DBS Treasures

Become a DBS Treasures account holder to get competitive SGD to INR currency conversion rates. You can open a DBS Treasures NRI banking account to get access to a world of facilities, including international fund transfer services. Open a Non-Resident External (NRE) or Non-Resident Ordinary (NRO) to maintain deposits in INR. You can also open a Foreign Currency Non-Resident (FCNR) account to deposit and earn foreign currency interest income.

Benefit from 40+ exclusive and bespoke facilities with your DBS Treasures NRI account. Transfer funds conveniently to your NRI Accounts with zero inward remittance fees and no additional costs. Simply pay the applicable forex conversion fee upon initiating international fund transfers. Use our encrypted and secure internet and mobile banking platform for quick fund transfers by setting up beneficiaries in easy steps.

Also, enjoy complete repatriation on funds deposited into NRE accounts, withdraw sums in INR in India and SGD abroad, and avail of tax-free interest income on your deposits.
Open an NRI Savings Account
How to Use DBS Treasures Currency Converter Tool

Calculating the value of the Singapore Dollar to INR today is easier than ever. You can calculate the current value of the two currencies with the DBS Treasures currency converter tool in three simple steps.

Click on the drop-down menu to select the two currencies you want to convert in the two tabs located in the currency calculator.

Input the currency you want to convert in the first tab of the calculator, e.g., SGD 100

Once you input the currency in the first tab, the second tab will automatically convert the Singapore Dollar to Indian Rupee rate today.

Continue entering different values to get the most current SGD to INR rate.
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The Singapore Dollar Currency

The Singapore Dollar was first issued in the year 1965, immediately following the breakdown of the Monetary Union between Malaysia and Brunei. Ever since coming into force, it has remained interchangeable with the Brunei Dollar in both countries. Before being recognised officially as the SGD, Singaporean currency ranged from the Straits Dollar to the Malayan Dollar and the British Borneo Dollar.

In 1985, Singapore adopted a market system based on the currency exchange regime. Under this regime, the Singapore Dollar is controlled by the Monetary Authority of Singapore, which owns over US$270 billion. The Singapore Dollar of today is considered one of the most stable currencies in the world. Besides the standard currency, the Monetary Authority of Singapore also issues several limited-edition commemorative banknotes in denominations ranging from S$2 to S$50 to mark significant events in Singapore.

The free-market economy of Singapore works in an open and corruption-free environment by providing for stable prices and high per-capita GDP. Due to its favourable tax rates, skilled labour talent, and business-friendly environment, Singapore attracts many foreign investments.
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Frequently Asked Questions

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Currency Rate SGD to INR - Singapore Dollar to Indian Rupee

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Like the US and many other countries such as Canada, Australia, and New Zealand, the currency of Singapore is also called the Dollar. Abbreviated as S$ or SGD and is sometimes referred to as the "Sing" colloquially by the locals. The Monetary Authority of Singapore is the entity in charge of issuing SGD banknotes and coins in Singapore.

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AUD to INR Live: DBS Treasures help you to convert with australian dollar to rupee conversion. Buy, sell, transfer or find out aud to inr live rates today!

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At a Glance

The Australian Dollar is the official currency of Australia. It is also the legal tender in Australian territories, including Norfolk Island, Christmas Island, and Cocos (Keeling) Island. The currency code of the Australian Dollar is AUD, and the currency symbol is $. The Australian Dollar is the 5th most traded currency in the world. It is also colloquially referred to as the buck, dough, or the Aussie. As an NRI residing in AUD but with connections back home in India, you can deposit your AUD in NRE and NRO accounts in India.
Open an NRI Savings Account
Currency Converter Tool

Try our online currency converter and get AUD to INR rates instantly.

About Australian Dollar (AUD)

The Reserve Bank of Australia is the central bank of the country. It mints and issues currency coins and notes circulated in Australia. The AUD has garnered international significance on the forex and commodity trading markets due to the ever-growing currency trades and substantial raw material exports, respectively.

The Australian Dollar has a relatively higher interest rate and is known predominantly due to its role in carry-trades with the Japanese Yen. Carry trade refers to a technique in which a currency with a low-interest rate is sold with the objective of buying a currency with a higher interest rate.

The Australian government frequently introduces new fiscal policies and amends existing policies, which have led to decent interest rates on AUD deposits. Stable currency conversion rates contribute to a steady and durable Australian economy in general.

In recent years, Australia has witnessed an increased immigrant population, including the NRI population. Indians have moved to Australia for purposes ranging from higher education to employment opportunities. Australia is one of the few countries that expedite permanent residency status for its immigrant population. All these factors have further contributed to increased AUD to INR currency conversions.
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Get Competitive AUD to INR Conversion Rates with DBS Treasures

Become a DBS Treasures NRI bank account holder to get competitive AUD to INR conversion rates, along with some exclusive benefits. Open Non-Resident Ordinary Accounts to transfer and convert AUD to INR for your expenses in India. You can also opt for Non-Resident External Rupee Accounts to deposit and withdraw AUD in India and Australia and enjoy complete repatriation and tax-free interest income on the funds deposited. You may even choose to park your AUD in Foreign Currency Resident Accounts to earn significantly higher interest rates on the deposits.

As a DBS Treasures account holder, you can avail of 40+ exclusive and bespoke privileges. Pay zero fees on inward remittances when you transfer funds from overseas into your NRI accounts in India. DBS levies only the applicable forex conversion fee; no additional costs or charges on currency conversion or remittance. Initiate fund transfers via our encrypted and secure internet banking and mobile banking platforms.
Open an NRI Savings Account
How To Check With DBS Treasures

You can easily calculate the value of the Australian Dollar to INR today. You can calculate the current value of the two currencies with the DBS Treasures currency converter tool in three simple steps.

Click the drop-down menu and select the two currencies you wish to convert in the two tabs located in the currency calculator.

Enter the currency that you want to convert in the first tab of the calculator, e.g., AUD 100

After you input the currency in the first tab, the second tab automatically converts the Australian Dollar to the Indian Rupee rate today.

You can enter different values to get the most current AUD to INR rate.

The currency converter will show you the accurate rate of Australian 1 dollar in Indian rupees today.
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The Australian Dollar Currency

The Australian Dollar replaced the Australian pound, which was the official currency until 1966, thanks to Australia's role as a British Imperial Colony. In 1967, Australia moved away from the sterling peg and pegged to the U.S. dollar until it became a free-floating currency in 1983.

The Reserve Bank of Australia issued polypropylene polymer notes for the first time in 1988; this was done to mark the centennial anniversary of the European colonization of Australia. Australia was the first to produce and use notes made of polymer.

Notes of denominations of 5, 10, 20, 50, and 100 AUD are in circulation, and coins of 1 AUD and 2 AUD, and 5, 10, 20, and 50 cents are currently in use. One Australian Dollar is further subdivided into 100 cents.

Do you wish to convert your Australian dollars into INR? You can get attractive conversion rates with DBS Treasures. All you need to do is reach out to your NRE or NRO account Relationship Manager to get the most preferential rates of AUD to INR today. Alternatively, you can visit the nearest DBS branch in person or contact customer care. You will get the best exchange Australian dollar rate in India.
Open an NRI Savings Account
Frequently Asked Questions

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Currency Rate AUD to INR - Australian Dollar to Indian Rupee

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The Australian Dollar is the official currency of Australia. It is also the legal tender in Australian territories, including Norfolk Island, Christmas Island, and Cocos (Keeling) Island. The currency code of the Australian Dollar is AUD, and the currency symbol is $. The Australian Dollar is the 5th most traded currency in the world.

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USD to INR Live: DBS Treasures help you to convert with us dollar to rupee conversion. Buy, sell, transfer or find out us dollar live rates today!

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At a Glance

The US Dollar is the official currency of the United States of America. It is one of the main currencies used worldwide for international transactions and is also the most converted currency worldwide. USD to INR currency conversion is attributed to currency market trades and international remittance, among other things.
Open an NRI Savings Account
Currency Converter Tool

Try our online currency converter and get USD to INR rates instantly.

US Dollar (USD) Rate Today

The US Dollar is one of the most robust trading currencies in the world. It is widely accepted all over the world. The value of the US Dollar continues to increase as America continues to flourish economically.

Besides the United States of America, the US Dollar is the sole currency of the British Virgin Islands and the Turks and Caicos Islands. Other countries like Ecuador and Panama also use the Dollar as their legal tender. The US Dollar (USD) against the Indian Rupee (INR) has emerged today as a popular currency pair out of the various commonly traded currency pairs worldwide. With the growth of the economy and business climate in India, trading the USD/INR pair has become an attractive investment opportunity for many forex traders. The currency rate USD to INR conversion takes place in a rampant manner. This is attributed to the ever-growing Indian immigrant community in the USA, with over 3.1 million NRIs living and working there.

Traditionally, you had to visit the bank to check the US Dollar rate to Indian Rupees and convert it from one currency to the other. But today, you can do away with this cumbersome and time-consuming process. Now you can find out the Dollar to Rupee exchange rate today and get attractive conversion rates with DBS Treasures from the comfort of your home. DBS Treasures provides you with the smartest, fastest, and most economical way of getting the best value for your forex. Get preferential USD to INR currency conversion rates with DBS Treasures.
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Get Competitive USD to INR Conversion Rates with DBS

Now you can get competitive currency conversion rates on your USD to INR conversions. Simply open a DBS Treasures NRI banking account to send money from abroad. Choose from Non-Resident External (NRE), Non-Resident Ordinary (NRO), and Foreign Currency Non-Resident (FCNR) accounts to maintain your funds in INR, USD, and other major foreign currencies. With DBS Treasures' zero inward remittance fees, you can transfer funds from overseas into your NRE/NRO account at no additional cost. Pay the applicable forex conversion fee.

Enjoy total repatriation on funds deposited into NRE accounts and withdraw sums in INR in India and USD abroad. Remit money to and from your NRE account with tax-free interest income. Initiate secure and convenient global fund transfers via internet banking and mobile banking platforms. You also get 40+ bespoke privileges and access to a world of exclusive facilities as a DBS Treasures account holder.
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How to use the DBS Treasures Currency Converter Tool

With DBS Treasures, you can quickly check the Dollar to Rupee exchange rate today in three simple steps:

Select the currencies you wish to convert in the two tabs of the currency calculator from the drop-down menu.

Input the currency you want to convert in the first tab of the currency calculator. E.g., USD 100.

The second tab in the calculator will instantly convert the US Dollar rate into Indian Rupees.

It is that simple. Keep inputting different values to get the most current USD to INR rate.
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The US Dollar currency

The United States Dollar was first designated as the currency of the world in the year 1944 by the Bretton Woods Agreement. The currency notes currently printed are $1, $2, $5, $10, $20, $50, and $100. These notes are printed by the Federal Reserve - the central bank of the US. This entity is solely responsible for ensuring that enough USD is always in circulation. The strength of the US Dollar is attributed to its role as one of the eight reserve currencies of the world.

The US dollar is represented as USD and symbolically by the sign $ in the international currency exchange markets. It is the only dollar currency designated by the $ symbol, without any letters preceding or succeeding.

One USD is further subdivided into 100 cents. The US Dollar is considered the business currency of the world and is the most popular among all currencies.

Get preferential currency conversion rates on international remittances into your DBS Treasures NRE or NRO accounts. Setting up your account is easy. Just reach out to our dedicated customer care helpline to open your account or apply online via the DBS Treasures website.

Calculate the best exchange rate for US Dollar to Indian Rupees with our online currency calculator, and remember that the best time to convert your money is when the USD is at its strongest.
Open an NRI Savings Account
Frequently Asked Questions

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USD to INR Live - Convert US Dollar to Indian Rupee

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The US Dollar is the official currency of the United States of America. It is one of the main currencies used worldwide for international transactions and is also the most converted currency worldwide. USD to INR currency conversion is attributed to currency market trades and international remittance, among other things.

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Open NRO Fixed Deposit Account Online in US

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Open NRO Fixed Deposit Account Online in US

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings and earn competitive interest rates by opening NRO fixed deposit account online in US with DBS Treasures.

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At a Glance

NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas.

Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income.

Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

Features and Benefits

DBS Treasures Non-Resident Ordinary (NRO) account fixed deposit is ideal for you if you are an NRI but have sources of regular income in India such a rental property, general fixed deposits, pension, mutual fund dividends, etc.

Interest earned on NRO account deposits is taxable as per the Income Tax Act of 1961

While the principal amount is not fully repatriable, you can transfer the entire interest earned on the deposit to a foreign currency

NRO fixed deposit account holders can open the FD jointly with a non-resident or resident Indian citizen

You can earn higher interest rates and returns on rupee income

Interest Rates
Rates w.e.f. 29th October 2020
Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or Indian origin can apply.

Documents Required
For NRI (Non-Resident Indian)

Indian PAN card or Form 60

A valid Indian passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (Overseas and in India) as per Customer Identification Policy

Recent passport size colour photograph

Additionally, for Seafarers: FEMA declaration, along with the current work contract and a copy of CDC along with the last page of disembarkation stamp

For PIO (Person of Indian Origin)

A valid Indian passport

A valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy

Proof of Address (Overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Recent passport size colour photograph

Once a DBS Treasures NRO Savings account is opened basis above documents, NRO fixed deposits can be booked online through DBS Treasures Mobile or Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS Treasures branch.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro fixed deposit online for indians in usa

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Open NRO Fixed Deposit Online for Indians in USA

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income. Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

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Open NRO Fixed Deposit Account Online in UK

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Open NRO Fixed Deposit Account Online in UK

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings and earn competitive interest rates by opening NRO fixed deposit account online in UK with DBS Treasures.

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At a Glance

NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas.

Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income.

Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

Features and Benefits

DBS Treasures Non-Resident Ordinary (NRO) account fixed deposit is ideal for you if you are an NRI but have sources of regular income in India such a rental property, general fixed deposits, pension, mutual fund dividends, etc.

Interest earned on NRO account deposits is taxable as per the Income Tax Act of 1961

While the principal amount is not fully repatriable, you can transfer the entire interest earned on the deposit to a foreign currency

NRO fixed deposit account holders can open the FD jointly with a non-resident or resident Indian citizen

You can earn higher interest rates and returns on rupee income

Interest Rates
Rates w.e.f. 29th October 2020
Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or Indian origin can apply.

Documents Required
For NRI (Non-Resident Indian)

Indian PAN card or Form 60

A valid Indian passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (Overseas and in India) as per Customer Identification Policy

Recent passport size colour photograph

Additionally, for Seafarers: FEMA declaration, along with the current work contract and a copy of CDC along with the last page of disembarkation stamp

For PIO (Person of Indian Origin)

A valid Indian passport

A valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy

Proof of Address (Overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Recent passport size colour photograph

Once a DBS Treasures NRO Savings account is opened basis above documents, NRO fixed deposits can be booked online through DBS Treasures Mobile or Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS Treasures branch.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro fixed deposit  online for indians in uk

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Open NRO Fixed Deposit Online for Indians in UK

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income. Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

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Open NRO Fixed Deposit Account Online in Canada

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Open NRO Fixed Deposit Account Online in Canada

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings and earn competitive interest rates by opening NRO fixed deposit account online in Canada with DBS Treasures.

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At a Glance

NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas.

Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income.

Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

Features and Benefits

DBS Treasures Non-Resident Ordinary (NRO) account fixed deposit is ideal for you if you are an NRI but have sources of regular income in India such a rental property, general fixed deposits, pension, mutual fund dividends, etc.

Interest earned on NRO account deposits is taxable as per the Income Tax Act of 1961

While the principal amount is not fully repatriable, you can transfer the entire interest earned on the deposit to a foreign currency

NRO fixed deposit account holders can open the FD jointly with a non-resident or resident Indian citizen

You can earn higher interest rates and returns on rupee income

Interest Rates
Rates w.e.f. 29th October 2020
Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or Indian origin can apply.

Documents Required
For NRI (Non-Resident Indian)

Indian PAN card or Form 60

A valid Indian passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (Overseas and in India) as per Customer Identification Policy

Recent passport size colour photograph

Additionally, for Seafarers: FEMA declaration, along with the current work contract and a copy of CDC along with the last page of disembarkation stamp

For PIO (Person of Indian Origin)

A valid Indian passport

A valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy

Proof of Address (Overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Recent passport size colour photograph

Once a DBS Treasures NRO Savings account is opened basis above documents, NRO fixed deposits can be booked online through DBS Treasures Mobile or Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS Treasures branch.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro fixed deposit  online for indians in canada

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open nro fixed deposit account  in canada

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Open NRO Fixed Deposit Online for Indians in Canada

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income. Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

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Open NRO Fixed Deposit Account Online in Australia

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Open NRO Fixed Deposit Account Online in Australia

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings and earn competitive interest rates by opening NRO fixed deposit account online in Australia with DBS Treasures.

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At a Glance

NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas.

Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income.

Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

Features and Benefits

DBS Treasures Non-Resident Ordinary (NRO) account fixed deposit is ideal for you if you are an NRI but have sources of regular income in India such a rental property, general fixed deposits, pension, mutual fund dividends, etc.

Interest earned on NRO account deposits is taxable as per the Income Tax Act of 1961

While the principal amount is not fully repatriable, you can transfer the entire interest earned on the deposit to a foreign currency

NRO fixed deposit account holders can open the FD jointly with a non-resident or resident Indian citizen

You can earn higher interest rates and returns on rupee income

Interest Rates
Rates w.e.f. 29th October 2020
Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or Indian origin can apply.

Documents Required
For NRI (Non-Resident Indian)

Indian PAN card or Form 60

A valid Indian passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (Overseas and in India) as per Customer Identification Policy

Recent passport size colour photograph

Additionally, for Seafarers: FEMA declaration, along with the current work contract and a copy of CDC along with the last page of disembarkation stamp

For PIO (Person of Indian Origin)

A valid Indian passport

A valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy

Proof of Address (Overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Recent passport size colour photograph

Once a DBS Treasures NRO Savings account is opened basis above documents, NRO fixed deposits can be booked online through DBS Treasures Mobile or Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS Treasures branch.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro fixed deposit  online for indians in australia

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open nro fixed deposit account in australia

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Open NRO Fixed Deposit Online for Indians in Australia

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income. Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

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Open NRO Fixed Deposit Account Online in UAE

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Open NRO Fixed Deposit Account Online in UAE

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings and earn competitive interest rates by opening NRO fixed deposit account online in UAE with DBS Treasures.

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At a Glance

NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas.

Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income.

Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

Features and Benefits

DBS Treasures Non-Resident Ordinary (NRO) account fixed deposit is ideal for you if you are an NRI but have sources of regular income in India such a rental property, general fixed deposits, pension, mutual fund dividends, etc.

Interest earned on NRO account deposits is taxable as per the Income Tax Act of 1961

While the principal amount is not fully repatriable, you can transfer the entire interest earned on the deposit to a foreign currency

NRO fixed deposit account holders can open the FD jointly with a non-resident or resident Indian citizen

You can earn higher interest rates and returns on rupee income

Interest Rates
Rates w.e.f. 29th October 2020
Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or Indian origin can apply.

Documents Required
For NRI (Non-Resident Indian)

Indian PAN card or Form 60

A valid Indian passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (Overseas and in India) as per Customer Identification Policy

Recent passport size colour photograph

Additionally, for Seafarers: FEMA declaration, along with the current work contract and a copy of CDC along with the last page of disembarkation stamp

For PIO (Person of Indian Origin)

A valid Indian passport

A valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy

Proof of Address (Overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Recent passport size colour photograph

Once a DBS Treasures NRO Savings account is opened basis above documents, NRO fixed deposits can be booked online through DBS Treasures Mobile or Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS Treasures branch.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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Open NRO Fixed Deposit Online for Indians in UAE Dubai

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings with DBS Treasures NRO FDs. Earn competitive interest rates on your Indian income. Please note that DBS Treasures NRO fixed deposits can be opened jointly with resident and non-resident Indians.

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Open NRE Fixed Deposit Account Online in US

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Open NRE Fixed Deposit Account Online in US

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NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. Enjoy exclusive benefits and features by opening an NRE Fixed Deposit account in US today with DBS Treasures.

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At a Glance

NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates.

DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing. The principal amount and interest earned on NRE fixed deposits are 100% tax-free.

Features and Benefits

Both principal and the interest earned on NRE fixed deposits are tax-free in India

You can freely and fully repatriate the principal amount and interest earned to your country of residence with your NRE FD account

You get competitive interest rates on your NRE fixed deposits

You can hold the NRE FD jointly with more than one non-resident Indian

An NRE FD can be opened for flexible tenures lasting from one year to 10 years

You can renew your NRE fixed deposit online in a hassle-free manner

You can assign a nominee on your NRE FD

Interest Rates

Rates w.e.f. 7th November 2020
For interest rates on FDs of INR 2 Crore and above, please contact your Relationship Manager or nearest branch.
For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply for NRE fixed deposits.

Documents Required
For NRI (Non-Resident Indian)

Recent passport size colour photograph

Your Indian PAN card or Form 60

Copy of valid passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (overseas and in India) as per Customer Identification Policy

Additionally, for seafarers: Copy of CDC and last page with disembarkation stamp, current work contract and FEMA declaration

For PIO (Person of Indian Origin)

Recent passport size colour photograph

A valid passport

Valid PIO/OCI card or other proof of PIO status as per Customer Identification Policy

Address proof (overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Once your DBS Treasures NRE savings account is opened basis the documents listed above, NRE fixed deposits can be booked online through the DBS Treasures internet or mobile banking platforms. You may also choose to submit an FD request form at the nearest DBS Treasures branch in India.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nre fixed deposit  online for indians in usa

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Open NRE Fixed Deposit Online for Indians in USA

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NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing.

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Open NRE Fixed Deposit Account Online in UK

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Open NRE Fixed Deposit Account Online in UK

# data[].attributes.body
NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. Enjoy exclusive benefits and features by opening an NRE Fixed Deposit account in UK today with DBS Treasures.

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At a Glance

NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates.

DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing. The principal amount and interest earned on NRE fixed deposits are 100% tax-free.

Features and Benefits

Both principal and the interest earned on NRE fixed deposits are tax-free in India

You can freely and fully repatriate the principal amount and interest earned to your country of residence with your NRE FD account

You get competitive interest rates on your NRE fixed deposits

You can hold the NRE FD jointly with more than one non-resident Indian

An NRE FD can be opened for flexible tenures lasting from one year to 10 years

You can renew your NRE fixed deposit online in a hassle-free manner

You can assign a nominee on your NRE FD

Interest Rates

Rates w.e.f. 7th November 2020
For interest rates on FDs of INR 2 Crore and above, please contact your Relationship Manager or nearest branch.
For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply for NRE fixed deposits.

Documents Required
For NRI (Non-Resident Indian)

Recent passport size colour photograph

Your Indian PAN card or Form 60

Copy of valid passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (overseas and in India) as per Customer Identification Policy

Additionally, for seafarers: Copy of CDC and last page with disembarkation stamp, current work contract and FEMA declaration

For PIO (Person of Indian Origin)

Recent passport size colour photograph

A valid passport

Valid PIO/OCI card or other proof of PIO status as per Customer Identification Policy

Address proof (overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Once your DBS Treasures NRE savings account is opened basis the documents listed above, NRE fixed deposits can be booked online through the DBS Treasures internet or mobile banking platforms. You may also choose to submit an FD request form at the nearest DBS Treasures branch in India.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nre fixed deposit  online for indians in uk

# data[].attributes.attachment_link.title
Open NRE Fixed Deposit Online for Indians in UK

# data[].attributes.attachment_link.description
NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing.

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Open NRE Fixed Deposit Account Online in Canada

# data[].attributes.subject
Open NRE Fixed Deposit Account Online in Canada

# data[].attributes.body
NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. Enjoy exclusive benefits and features by opening an NRE Fixed Deposit account in Canada today with DBS Treasures.

# data[].attributes.attachment_link.readable_text
At a Glance

NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates.

DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing. The principal amount and interest earned on NRE fixed deposits are 100% tax-free.

Features and Benefits

Both principal and the interest earned on NRE fixed deposits are tax-free in India

You can freely and fully repatriate the principal amount and interest earned to your country of residence with your NRE FD account

You get competitive interest rates on your NRE fixed deposits

You can hold the NRE FD jointly with more than one non-resident Indian

An NRE FD can be opened for flexible tenures lasting from one year to 10 years

You can renew your NRE fixed deposit online in a hassle-free manner

You can assign a nominee on your NRE FD

Interest Rates

Rates w.e.f. 7th November 2020
For interest rates on FDs of INR 2 Crore and above, please contact your Relationship Manager or nearest branch.
For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply for NRE fixed deposits.

Documents Required
For NRI (Non-Resident Indian)

Recent passport size colour photograph

Your Indian PAN card or Form 60

Copy of valid passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (overseas and in India) as per Customer Identification Policy

Additionally, for seafarers: Copy of CDC and last page with disembarkation stamp, current work contract and FEMA declaration

For PIO (Person of Indian Origin)

Recent passport size colour photograph

A valid passport

Valid PIO/OCI card or other proof of PIO status as per Customer Identification Policy

Address proof (overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Once your DBS Treasures NRE savings account is opened basis the documents listed above, NRE fixed deposits can be booked online through the DBS Treasures internet or mobile banking platforms. You may also choose to submit an FD request form at the nearest DBS Treasures branch in India.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nre fixed deposit  online for indians in canada

# data[].attributes.attachment_link.keywords[]
open nre fixed deposit account  in canada

# data[].attributes.attachment_link.title
Open NRE Fixed Deposit Online for Indians in Canada

# data[].attributes.attachment_link.description
NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing.

# data[].attributes.headline
Open NRE Fixed Deposit Online in Australia

# data[].attributes.subject
Open NRE Fixed Deposit Online in Australia

# data[].attributes.body
NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. Enjoy exclusive benefits and features by opening an NRE Fixed Deposit account in Australia today with DBS Treasures.

# data[].attributes.attachment_link.readable_text
At a Glance

NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates.

DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing. The principal amount and interest earned on NRE fixed deposits are 100% tax-free.

Features and Benefits

Both principal and the interest earned on NRE fixed deposits are tax-free in India

You can freely and fully repatriate the principal amount and interest earned to your country of residence with your NRE FD account

You get competitive interest rates on your NRE fixed deposits

You can hold the NRE FD jointly with more than one non-resident Indian

An NRE FD can be opened for flexible tenures lasting from one year to 10 years

You can renew your NRE fixed deposit online in a hassle-free manner

You can assign a nominee on your NRE FD

Interest Rates

Rates w.e.f. 7th November 2020
For interest rates on FDs of INR 2 Crore and above, please contact your Relationship Manager or nearest branch.
For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply for NRE fixed deposits.

Documents Required
For NRI (Non-Resident Indian)

Recent passport size colour photograph

Your Indian PAN card or Form 60

Copy of valid passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (overseas and in India) as per Customer Identification Policy

Additionally, for seafarers: Copy of CDC and last page with disembarkation stamp, current work contract and FEMA declaration

For PIO (Person of Indian Origin)

Recent passport size colour photograph

A valid passport

Valid PIO/OCI card or other proof of PIO status as per Customer Identification Policy

Address proof (overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Once your DBS Treasures NRE savings account is opened basis the documents listed above, NRE fixed deposits can be booked online through the DBS Treasures internet or mobile banking platforms. You may also choose to submit an FD request form at the nearest DBS Treasures branch in India.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

# data[].attributes.attachment_link.keywords[]
nre fixed deposit  online for indians in australia

# data[].attributes.attachment_link.keywords[]
open nre fixed deposit account  in australia

# data[].attributes.attachment_link.title
Open NRE Fixed Deposit Online for Indians in Australia

# data[].attributes.attachment_link.description
NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing.

# data[].attributes.body
NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. Enjoy exclusive benefits and features by opening an NRE Fixed Deposit account in UAE today with DBS Treasures.

# data[].attributes.attachment_link.readable_text
At a Glance

NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates.

DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing. The principal amount and interest earned on NRE fixed deposits are 100% tax-free.

Features and Benefits

Both principal and the interest earned on NRE fixed deposits are tax-free in India

You can freely and fully repatriate the principal amount and interest earned to your country of residence with your NRE FD account

You get competitive interest rates on your NRE fixed deposits

You can hold the NRE FD jointly with more than one non-resident Indian

An NRE FD can be opened for flexible tenures lasting from one year to 10 years

You can renew your NRE fixed deposit online in a hassle-free manner

You can assign a nominee on your NRE FD

Interest Rates

Rates w.e.f. 7th November 2020
For interest rates on FDs of INR 2 Crore and above, please contact your Relationship Manager or nearest branch.
For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply for NRE fixed deposits.

Documents Required
For NRI (Non-Resident Indian)

Recent passport size colour photograph

Your Indian PAN card or Form 60

Copy of valid passport

Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit

Address proof (overseas and in India) as per Customer Identification Policy

Additionally, for seafarers: Copy of CDC and last page with disembarkation stamp, current work contract and FEMA declaration

For PIO (Person of Indian Origin)

Recent passport size colour photograph

A valid passport

Valid PIO/OCI card or other proof of PIO status as per Customer Identification Policy

Address proof (overseas and in India) as per Customer Identification Policy

Duly signed and filled-in PIO declaration

Once your DBS Treasures NRE savings account is opened basis the documents listed above, NRE fixed deposits can be booked online through the DBS Treasures internet or mobile banking platforms. You may also choose to submit an FD request form at the nearest DBS Treasures branch in India.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nre fixed deposit online for indians in dubai

# data[].attributes.attachment_link.keywords[]
open nre fixed deposit account  in dubai

# data[].attributes.attachment_link.keywords[]
open nre fd account in dubai nre fixed deposit online for indians in uae

# data[].attributes.attachment_link.title
Open NRE Fixed Deposit Online for Indians in UAE Dubai

# data[].attributes.attachment_link.description
NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing.

# data[].attributes.headline
Open NRE Savings Account online in Canada

# data[].attributes.subject
Open NRE Savings Account online in Canada

# data[].attributes.body
Transfer your overseas earnings to India and maintain savings in INR at a higher interest rate. Open NRE Savings Account in Canada with DBS Treasures and get exclusive benefits and privileges that go beyond traditional banking.

# data[].attributes.attachment_link.readable_text
At a Glance

As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees.

You can choose to open your NRE savings account individually or jointly with another non-resident Indian. You can also invest online in mutual funds easily through your NRE account.

An NRE account from DBS Treasures offers a competitive interest rate on your savings account and fixed deposits. It also has a host of exclusive benefits and privileges that go beyond traditional banking.

Features and Benefits

Earn high interest rates of up to 3% per annum on savings parked in the account

Principal and interest amounts earned are fully and freely repatriable

Transfer money anywhere in the world easily and safely with internet banking and mobile banking services

A joint NRE account can be opened along with another Non-Resident Indian or Person of Indian Origin (PIO) and operated on either or survivor basis

An NRE account can be used to make investments in India across mutual funds

Both principal and interest earned are tax free in India

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRE Savings Account:

NRI (Non Resident Indian)

An Indian citizen residing outside India for employment, studies or business

Individual posted in UN Organisation or official deputed abroad by the Government of India or public sector undertakings

Indian nationals who may be mariners or seafarers working on oil rigs or registered foreign airlines

PIO (The Person of Indian origin) / OCI (Overseas Citizen of India)

Has held an Indian passport at any point of time

A parent or their grandparent was a citizen of India under the Constitution of India or India Citizen Act 1955

Is a spouse of an Indian Citizen or spouse of PIO

Documents Required
For NRI (Non-Resident Indian)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages, if any)

Proof of NRI status, by way of valid employment/residence visa copy or work/residence permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required to confirm NRI status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of overseas and Indian address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

# data[].attributes.attachment_link.keywords[]
nre savings account online for indians in canada

# data[].attributes.attachment_link.title
Open NRE Savings Account Online for Indians in Canada

# data[].attributes.attachment_link.description
As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees. You can choose to open your NRE savings account individually or jointly with another non-resident Indian.

# data[].attributes.headline
Open NRE Savings Account online in Australia

# data[].attributes.subject
Open NRE Savings Account online in Australia

# data[].attributes.body
Transfer your overseas earnings to India and maintain savings in INR at a higher interest rate. Open NRE Savings Account in Australia with DBS Treasures and get exclusive benefits and privileges that go beyond traditional banking.

# data[].attributes.attachment_link.readable_text
At a Glance

As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees.

You can choose to open your NRE savings account individually or jointly with another non-resident Indian. You can also invest online in mutual funds easily through your NRE account.

An NRE account from DBS Treasures offers a competitive interest rate on your savings account and fixed deposits. It also has a host of exclusive benefits and privileges that go beyond traditional banking.

Features and Benefits

Earn high interest rates of up to 3% per annum on savings parked in the account

Principal and interest amounts earned are fully and freely repatriable

Transfer money anywhere in the world easily and safely with internet banking and mobile banking services

A joint NRE account can be opened along with another Non-Resident Indian or Person of Indian Origin (PIO) and operated on either or survivor basis

An NRE account can be used to make investments in India across mutual funds

Both principal and interest earned are tax free in India

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRE Savings Account:

NRI (Non Resident Indian)

An Indian citizen residing outside India for employment, studies or business

Individual posted in UN Organisation or official deputed abroad by the Government of India or public sector undertakings

Indian nationals who may be mariners or seafarers working on oil rigs or registered foreign airlines

PIO (The Person of Indian origin) / OCI (Overseas Citizen of India)

Has held an Indian passport at any point of time

A parent or their grandparent was a citizen of India under the Constitution of India or India Citizen Act 1955

Is a spouse of an Indian Citizen or spouse of PIO

Documents Required
For NRI (Non-Resident Indian)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages, if any)

Proof of NRI status, by way of valid employment/residence visa copy or work/residence permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required to confirm NRI status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of overseas and Indian address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

# data[].attributes.attachment_link.keywords[]
nre savings account online for indians in australia

# data[].attributes.attachment_link.title
Open NRE Savings Account Online for Indians in Australia

# data[].attributes.attachment_link.description
As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees. You can choose to open your NRE savings account individually or jointly with another non-resident Indian.

# data[].attributes.body
Transfer your overseas earnings to India and maintain savings in INR at a higher interest rate. Open NRE Savings Account in US with DBS Treasures and get exclusive benefits and privileges that go beyond traditional banking.

# data[].attributes.attachment_link.readable_text
At a Glance

As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees.

You can choose to open your NRE savings account individually or jointly with another non-resident Indian. You can also invest online in mutual funds easily through your NRE account.

An NRE account from DBS Treasures offers a competitive interest rate on your savings account and fixed deposits. It also has a host of exclusive benefits and privileges that go beyond traditional banking.

Features and Benefits

Earn high interest rates of up to 3% per annum on savings parked in the account

Principal and interest amounts earned are fully and freely repatriable

Transfer money anywhere in the world easily and safely with internet banking and mobile banking services

A joint NRE account can be opened along with another Non-Resident Indian or Person of Indian Origin (PIO) and operated on either or survivor basis

An NRE account can be used to make investments in India across mutual funds

Both principal and interest earned are tax free in India

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRE Savings Account:

NRI (Non Resident Indian)

An Indian citizen residing outside India for employment, studies or business

Individual posted in UN Organisation or official deputed abroad by the Government of India or public sector undertakings

Indian nationals who may be mariners or seafarers working on oil rigs or registered foreign airlines

PIO (The Person of Indian origin) / OCI (Overseas Citizen of India)

Has held an Indian passport at any point of time

A parent or their grandparent was a citizen of India under the Constitution of India or India Citizen Act 1955

Is a spouse of an Indian Citizen or spouse of PIO

Documents Required
For NRI (Non-Resident Indian)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages, if any)

Proof of NRI status, by way of valid employment/residence visa copy or work/residence permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required to confirm NRI status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of overseas and Indian address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

# data[].attributes.attachment_link.keywords[]
nre savings account online for indians in usa

# data[].attributes.attachment_link.title
Open NRE Savings Account Online for Indians in the USA

# data[].attributes.attachment_link.description
As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees. You can choose to open your NRE savings account individually or jointly with another non-resident Indian.

# data[].attributes.headline
Open NRE Savings Account online in Singapore

# data[].attributes.subject
Open NRE Savings Account online in Singapore

# data[].attributes.body
Transfer your overseas earnings to India and maintain savings in INR at a higher interest rate. Open NRE Savings Account in Singapore with DBS Treasures and get exclusive benefits and privileges that go beyond traditional banking.

# data[].attributes.attachment_link.readable_text
At a Glance

As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees.

You can choose to open your NRE savings account individually or jointly with another non-resident Indian. You can also invest online in mutual funds easily through your NRE account.

An NRE account from DBS Treasures offers a competitive interest rate on your savings account and fixed deposits. It also has a host of exclusive benefits and privileges that go beyond traditional banking.

Features and Benefits

Earn high interest rates of up to 3% per annum on savings parked in the account

Principal and interest amounts earned are fully and freely repatriable

Transfer money anywhere in the world easily and safely with internet banking and mobile banking services

A joint NRE account can be opened along with another Non-Resident Indian or Person of Indian Origin (PIO) and operated on either or survivor basis

An NRE account can be used to make investments in India across mutual funds

Both principal and interest earned are tax free in India

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRE Savings Account:

NRI (Non Resident Indian)

An Indian citizen residing outside India for employment, studies or business

Individual posted in UN Organisation or official deputed abroad by the Government of India or public sector undertakings

Indian nationals who may be mariners or seafarers working on oil rigs or registered foreign airlines

PIO (The Person of Indian origin) / OCI (Overseas Citizen of India)

Has held an Indian passport at any point of time

A parent or their grandparent was a citizen of India under the Constitution of India or India Citizen Act 1955

Is a spouse of an Indian Citizen or spouse of PIO

Documents Required
For NRI (Non-Resident Indian)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages, if any)

Proof of NRI status, by way of valid employment/residence visa copy or work/residence permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required to confirm NRI status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of overseas and Indian address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

# data[].attributes.attachment_link.keywords[]
nre savings account online for indians in singapore

# data[].attributes.attachment_link.title
Open NRE Savings Account Online for Indians in Singapore

# data[].attributes.attachment_link.description
As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees. You can choose to open your NRE savings account individually or jointly with another non-resident Indian.

# data[].attributes.body
Transfer your overseas earnings to India and maintain savings in INR at a higher interest rate. Open NRE Savings Account in UK with DBS Treasures and get exclusive benefits and privileges that go beyond traditional banking.

# data[].attributes.attachment_link.readable_text
At a Glance

As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees.

You can choose to open your NRE savings account individually or jointly with another non-resident Indian. You can also invest online in mutual funds easily through your NRE account.

An NRE account from DBS Treasures offers a competitive interest rate on your savings account and fixed deposits. It also has a host of exclusive benefits and privileges that go beyond traditional banking.

Features and Benefits

Earn high interest rates of up to 3% per annum on savings parked in the account

Principal and interest amounts earned are fully and freely repatriable

Transfer money anywhere in the world easily and safely with internet banking and mobile banking services

A joint NRE account can be opened along with another Non-Resident Indian or Person of Indian Origin (PIO) and operated on either or survivor basis

An NRE account can be used to make investments in India across mutual funds

Both principal and interest earned are tax free in India

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRE Savings Account:

NRI (Non Resident Indian)

An Indian citizen residing outside India for employment, studies or business

Individual posted in UN Organisation or official deputed abroad by the Government of India or public sector undertakings

Indian nationals who may be mariners or seafarers working on oil rigs or registered foreign airlines

PIO (The Person of Indian origin) / OCI (Overseas Citizen of India)

Has held an Indian passport at any point of time

A parent or their grandparent was a citizen of India under the Constitution of India or India Citizen Act 1955

Is a spouse of an Indian Citizen or spouse of PIO

Documents Required
For NRI (Non-Resident Indian)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages, if any)

Proof of NRI status, by way of valid employment/residence visa copy or work/residence permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required to confirm NRI status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of overseas and Indian address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nre savings account online for indians in uk

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Open NRE Savings Account Online for Indians in the UK

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As an NRI, you can deposit your foreign currency earnings easily into NRE accounts. There is no limit on the amount you can repatriate to your country of residence. You can even withdraw from your NRE savings account in Indian Rupees. You can choose to open your NRE savings account individually or jointly with another non-resident Indian.

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Open NRO Savings Account online in Australia

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Open NRO Savings Account online in Australia

# data[].attributes.body
An NRO account allows you to access and manage the income you earn in India. Open an NRO account in Australia with DBS Treasures and manage it online from anywhere across the world with several unmatched privileges.

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At a Glance

An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments. You can conveniently deposit income from all these sources into your NRO savings account. You can also repatriate up to USD 1 million in a financial year from this account to your country of residence.

Another feature of an NRO account is that you can deposit foreign currency into it. The amount gets auto-converted into INR. You can also withdraw from an NRO savings account in Indian rupees.

If you open an NRO account with DBS Treasures, you can manage it online from anywhere across the world. You also have access to several unmatched privileges to bring you the best in NRI banking.

Features and Benefits

NRO accounts are savings accounts in which funds are maintained in Indian rupees or INR

Foreign currencies deposited into these accounts are auto-converted into INR at prevailing foreign exchange rates

You can repatriate up to USD 1 million (with taxes) in a financial year from these types of accounts

You get a DBS Infinite Debit Card with exclusive offers

You can earn interest at competitive rates of up to 3% per annum on your savings account

You can open this account jointly with a resident Indian on a former or survivor basis

These accounts are ideal for placing income earned in India from sources such as rent from property, interest earned on fixed deposits, dividends earned from mutual funds, pension income, etc.

Interest earned on an NRO account is taxable

Double Taxation Avoidance Agreement (DTAA)

While NRO accounts are not exempt from tax, account holders can avoid paying double taxes, thanks to the Double Taxation Avoidance Agreement (DTAA). If you are an NRI, any income you earn in India will be taxed by the Indian government. However, you may also have to pay taxes on the same income in your country of residence. The Reserve Bank of India (RBI) has entered into a DTAA with several countries, as a result of which you can avoid paying double taxes.

As per the DTAA signed between India and several other countries, you only have to pay taxes once, at a rate fixed by the agreement. Therefore, if you as an NRI have earned income in India, the tax you have to pay will depend on the rates specified in the DTAA with the country in which you live currently.

India has entered into a DTAA with several countries where Indians are present in overseas. Here are the taxes you have to pay, according to the country you live in:

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRO Savings Account:

NRI (Non-Resident Indian)

Indian citizens residing outside India on employment, student or business visas

Individuals posted in the UN or deputed abroad by the Government of India or public sector undertakings

Indian nationals in the merchant navy, individuals who are working on oil rigs and those who are employed with airlines overseas

PIO (Person of Indian origin)/OCI (Overseas Citizen of India)

Those who have held an Indian passport at any point in time

A parent or their grandparent was a citizen of India by the Constitution of India or India Citizen Act 1955

The spouse of an Indian Citizen or spouse of PIO

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa page, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of an overseas and an Indian address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required for confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro savings account online for indians in australia

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Open NRO Savings Account Online for Indians in Australia

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An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments.

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Open NRO Savings Account online in Canada

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Open NRO Savings Account online in Canada

# data[].attributes.body
An NRO account allows you to access and manage the income you earn in India. Open an NRO account in Canada with DBS Treasures and manage it online from anywhere across the world with several unmatched privileges.

# data[].attributes.attachment_link.readable_text
At a Glance

An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments. You can conveniently deposit income from all these sources into your NRO savings account. You can also repatriate up to USD 1 million in a financial year from this account to your country of residence.

Another feature of an NRO account is that you can deposit foreign currency into it. The amount gets auto-converted into INR. You can also withdraw from an NRO savings account in Indian rupees.

If you open an NRO account with DBS Treasures, you can manage it online from anywhere across the world. You also have access to several unmatched privileges to bring you the best in NRI banking.

Features and Benefits

NRO accounts are savings accounts in which funds are maintained in Indian rupees or INR

Foreign currencies deposited into these accounts are auto-converted into INR at prevailing foreign exchange rates

You can repatriate up to USD 1 million (with taxes) in a financial year from these types of accounts

You get a DBS Infinite Debit Card with exclusive offers

You can earn interest at competitive rates of up to 3% per annum on your savings account

You can open this account jointly with a resident Indian on a former or survivor basis

These accounts are ideal for placing income earned in India from sources such as rent from property, interest earned on fixed deposits, dividends earned from mutual funds, pension income, etc.

Interest earned on an NRO account is taxable

Double Taxation Avoidance Agreement (DTAA)

While NRO accounts are not exempt from tax, account holders can avoid paying double taxes, thanks to the Double Taxation Avoidance Agreement (DTAA). If you are an NRI, any income you earn in India will be taxed by the Indian government. However, you may also have to pay taxes on the same income in your country of residence. The Reserve Bank of India (RBI) has entered into a DTAA with several countries, as a result of which you can avoid paying double taxes.

As per the DTAA signed between India and several other countries, you only have to pay taxes once, at a rate fixed by the agreement. Therefore, if you as an NRI have earned income in India, the tax you have to pay will depend on the rates specified in the DTAA with the country in which you live currently.

India has entered into a DTAA with several countries where Indians are present in overseas. Here are the taxes you have to pay, according to the country you live in:

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRO Savings Account:

NRI (Non-Resident Indian)

Indian citizens residing outside India on employment, student or business visas

Individuals posted in the UN or deputed abroad by the Government of India or public sector undertakings

Indian nationals in the merchant navy, individuals who are working on oil rigs and those who are employed with airlines overseas

PIO (Person of Indian origin)/OCI (Overseas Citizen of India)

Those who have held an Indian passport at any point in time

A parent or their grandparent was a citizen of India by the Constitution of India or India Citizen Act 1955

The spouse of an Indian Citizen or spouse of PIO

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa page, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of an overseas and an Indian address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required for confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro savings account online for indians in canada

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Open NRO Savings Account Online for Indians in Canada

# data[].attributes.attachment_link.description
An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments.

# data[].attributes.body
An NRO account allows you to access and manage the income you earn in India. Open an NRO account in US with DBS Treasures and manage it online from anywhere across the world with several unmatched privileges.

# data[].attributes.attachment_link.readable_text
At a Glance

An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments. You can conveniently deposit income from all these sources into your NRO savings account. You can also repatriate up to USD 1 million in a financial year from this account to your country of residence.

Another feature of an NRO account is that you can deposit foreign currency into it. The amount gets auto-converted into INR. You can also withdraw from an NRO savings account in Indian rupees.

If you open an NRO account with DBS Treasures, you can manage it online from anywhere across the world. You also have access to several unmatched privileges to bring you the best in NRI banking.

Features and Benefits

NRO accounts are savings accounts in which funds are maintained in Indian rupees or INR

Foreign currencies deposited into these accounts are auto-converted into INR at prevailing foreign exchange rates

You can repatriate up to USD 1 million (with taxes) in a financial year from these types of accounts

You get a DBS Infinite Debit Card with exclusive offers

You can earn interest at competitive rates of up to 3% per annum on your savings account

You can open this account jointly with a resident Indian on a former or survivor basis

These accounts are ideal for placing income earned in India from sources such as rent from property, interest earned on fixed deposits, dividends earned from mutual funds, pension income, etc.

Interest earned on an NRO account is taxable

Double Taxation Avoidance Agreement (DTAA)

While NRO accounts are not exempt from tax, account holders can avoid paying double taxes, thanks to the Double Taxation Avoidance Agreement (DTAA). If you are an NRI, any income you earn in India will be taxed by the Indian government. However, you may also have to pay taxes on the same income in your country of residence. The Reserve Bank of India (RBI) has entered into a DTAA with several countries, as a result of which you can avoid paying double taxes.

As per the DTAA signed between India and several other countries, you only have to pay taxes once, at a rate fixed by the agreement. Therefore, if you as an NRI have earned income in India, the tax you have to pay will depend on the rates specified in the DTAA with the country in which you live currently.

India has entered into a DTAA with several countries where Indians are present in overseas. Here are the taxes you have to pay, according to the country you live in:

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRO Savings Account:

NRI (Non-Resident Indian)

Indian citizens residing outside India on employment, student or business visas

Individuals posted in the UN or deputed abroad by the Government of India or public sector undertakings

Indian nationals in the merchant navy, individuals who are working on oil rigs and those who are employed with airlines overseas

PIO (Person of Indian origin)/OCI (Overseas Citizen of India)

Those who have held an Indian passport at any point in time

A parent or their grandparent was a citizen of India by the Constitution of India or India Citizen Act 1955

The spouse of an Indian Citizen or spouse of PIO

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa page, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of an overseas and an Indian address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required for confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro savings account online for indians in us

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Open NRO Savings Account Online for Indians in US

# data[].attributes.attachment_link.description
An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments.

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Open NRO Savings Account online in Singapore

# data[].attributes.subject
Open NRO Savings Account online in Singapore

# data[].attributes.body
An NRO account allows you to access and manage the income you earn in India. Open an NRO account in Singapore with DBS Treasures and manage it online from anywhere across the world with several unmatched privileges.

# data[].attributes.attachment_link.readable_text
At a Glance

An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments. You can conveniently deposit income from all these sources into your NRO savings account. You can also repatriate up to USD 1 million in a financial year from this account to your country of residence.

Another feature of an NRO account is that you can deposit foreign currency into it. The amount gets auto-converted into INR. You can also withdraw from an NRO savings account in Indian rupees.

If you open an NRO account with DBS Treasures, you can manage it online from anywhere across the world. You also have access to several unmatched privileges to bring you the best in NRI banking.

Features and Benefits

NRO accounts are savings accounts in which funds are maintained in Indian rupees or INR

Foreign currencies deposited into these accounts are auto-converted into INR at prevailing foreign exchange rates

You can repatriate up to USD 1 million (with taxes) in a financial year from these types of accounts

You get a DBS Infinite Debit Card with exclusive offers

You can earn interest at competitive rates of up to 3% per annum on your savings account

You can open this account jointly with a resident Indian on a former or survivor basis

These accounts are ideal for placing income earned in India from sources such as rent from property, interest earned on fixed deposits, dividends earned from mutual funds, pension income, etc.

Interest earned on an NRO account is taxable

Double Taxation Avoidance Agreement (DTAA)

While NRO accounts are not exempt from tax, account holders can avoid paying double taxes, thanks to the Double Taxation Avoidance Agreement (DTAA). If you are an NRI, any income you earn in India will be taxed by the Indian government. However, you may also have to pay taxes on the same income in your country of residence. The Reserve Bank of India (RBI) has entered into a DTAA with several countries, as a result of which you can avoid paying double taxes.

As per the DTAA signed between India and several other countries, you only have to pay taxes once, at a rate fixed by the agreement. Therefore, if you as an NRI have earned income in India, the tax you have to pay will depend on the rates specified in the DTAA with the country in which you live currently.

India has entered into a DTAA with several countries where Indians are present in overseas. Here are the taxes you have to pay, according to the country you live in:

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRO Savings Account:

NRI (Non-Resident Indian)

Indian citizens residing outside India on employment, student or business visas

Individuals posted in the UN or deputed abroad by the Government of India or public sector undertakings

Indian nationals in the merchant navy, individuals who are working on oil rigs and those who are employed with airlines overseas

PIO (Person of Indian origin)/OCI (Overseas Citizen of India)

Those who have held an Indian passport at any point in time

A parent or their grandparent was a citizen of India by the Constitution of India or India Citizen Act 1955

The spouse of an Indian Citizen or spouse of PIO

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa page, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of an overseas and an Indian address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required for confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro savings account online for indians in singapore

# data[].attributes.attachment_link.title
Open NRO Savings Account Online for Indians in Singapore

# data[].attributes.attachment_link.description
An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments.

# data[].attributes.body
An NRO account allows you to access and manage the income you earn in India. Open an NRO account in UK with DBS Treasures and manage it online from anywhere across the world with several unmatched privileges.

# data[].attributes.attachment_link.readable_text
At a Glance

An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments. You can conveniently deposit income from all these sources into your NRO savings account. You can also repatriate up to USD 1 million in a financial year from this account to your country of residence.

Another feature of an NRO account is that you can deposit foreign currency into it. The amount gets auto-converted into INR. You can also withdraw from an NRO savings account in Indian rupees.

If you open an NRO account with DBS Treasures, you can manage it online from anywhere across the world. You also have access to several unmatched privileges to bring you the best in NRI banking.

Features and Benefits

NRO accounts are savings accounts in which funds are maintained in Indian rupees or INR

Foreign currencies deposited into these accounts are auto-converted into INR at prevailing foreign exchange rates

You can repatriate up to USD 1 million (with taxes) in a financial year from these types of accounts

You get a DBS Infinite Debit Card with exclusive offers

You can earn interest at competitive rates of up to 3% per annum on your savings account

You can open this account jointly with a resident Indian on a former or survivor basis

These accounts are ideal for placing income earned in India from sources such as rent from property, interest earned on fixed deposits, dividends earned from mutual funds, pension income, etc.

Interest earned on an NRO account is taxable

Double Taxation Avoidance Agreement (DTAA)

While NRO accounts are not exempt from tax, account holders can avoid paying double taxes, thanks to the Double Taxation Avoidance Agreement (DTAA). If you are an NRI, any income you earn in India will be taxed by the Indian government. However, you may also have to pay taxes on the same income in your country of residence. The Reserve Bank of India (RBI) has entered into a DTAA with several countries, as a result of which you can avoid paying double taxes.

As per the DTAA signed between India and several other countries, you only have to pay taxes once, at a rate fixed by the agreement. Therefore, if you as an NRI have earned income in India, the tax you have to pay will depend on the rates specified in the DTAA with the country in which you live currently.

India has entered into a DTAA with several countries where Indians are present in overseas. Here are the taxes you have to pay, according to the country you live in:

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRO Savings Account:

NRI (Non-Resident Indian)

Indian citizens residing outside India on employment, student or business visas

Individuals posted in the UN or deputed abroad by the Government of India or public sector undertakings

Indian nationals in the merchant navy, individuals who are working on oil rigs and those who are employed with airlines overseas

PIO (Person of Indian origin)/OCI (Overseas Citizen of India)

Those who have held an Indian passport at any point in time

A parent or their grandparent was a citizen of India by the Constitution of India or India Citizen Act 1955

The spouse of an Indian Citizen or spouse of PIO

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa page, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of an overseas and an Indian address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required for confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

# data[].attributes.attachment_link.keywords[]
nro savings account online for indians in uk

# data[].attributes.attachment_link.title
Open NRO Savings Account Online for Indians in UK

# data[].attributes.attachment_link.description
An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments.

# data[].attributes.body
An NRO account allows you to access and manage the income you earn in India. Open an NRO account in UAE with DBS Treasures and manage it online from anywhere across the world with several unmatched privileges.

# data[].attributes.attachment_link.readable_text
At a Glance

An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments. You can conveniently deposit income from all these sources into your NRO savings account. You can also repatriate up to USD 1 million in a financial year from this account to your country of residence.

Another feature of an NRO account is that you can deposit foreign currency into it. The amount gets auto-converted into INR. You can also withdraw from an NRO savings account in Indian rupees.

If you open an NRO account with DBS Treasures, you can manage it online from anywhere across the world. You also have access to several unmatched privileges to bring you the best in NRI banking.

Features and Benefits

NRO accounts are savings accounts in which funds are maintained in Indian rupees or INR

Foreign currencies deposited into these accounts are auto-converted into INR at prevailing foreign exchange rates

You can repatriate up to USD 1 million (with taxes) in a financial year from these types of accounts

You get a DBS Infinite Debit Card with exclusive offers

You can earn interest at competitive rates of up to 3% per annum on your savings account

You can open this account jointly with a resident Indian on a former or survivor basis

These accounts are ideal for placing income earned in India from sources such as rent from property, interest earned on fixed deposits, dividends earned from mutual funds, pension income, etc.

Interest earned on an NRO account is taxable

Double Taxation Avoidance Agreement (DTAA)

While NRO accounts are not exempt from tax, account holders can avoid paying double taxes, thanks to the Double Taxation Avoidance Agreement (DTAA). If you are an NRI, any income you earn in India will be taxed by the Indian government. However, you may also have to pay taxes on the same income in your country of residence. The Reserve Bank of India (RBI) has entered into a DTAA with several countries, as a result of which you can avoid paying double taxes.

As per the DTAA signed between India and several other countries, you only have to pay taxes once, at a rate fixed by the agreement. Therefore, if you as an NRI have earned income in India, the tax you have to pay will depend on the rates specified in the DTAA with the country in which you live currently.

India has entered into a DTAA with several countries where Indians are present in overseas. Here are the taxes you have to pay, according to the country you live in:

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRO Savings Account:

NRI (Non-Resident Indian)

Indian citizens residing outside India on employment, student or business visas

Individuals posted in the UN or deputed abroad by the Government of India or public sector undertakings

Indian nationals in the merchant navy, individuals who are working on oil rigs and those who are employed with airlines overseas

PIO (Person of Indian origin)/OCI (Overseas Citizen of India)

Those who have held an Indian passport at any point in time

A parent or their grandparent was a citizen of India by the Constitution of India or India Citizen Act 1955

The spouse of an Indian Citizen or spouse of PIO

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa page, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of an overseas and an Indian address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

Additionally, for seafarers: Current work contract and copy of CDC along with the last page of disembarkation stamp & FEMA declaration is required for confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nro savings account online for indians in uae dubai

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Open NRO Savings Account Online for Indians in UAE Dubai

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An NRO account allows you to access and manage the income you earn in India. As an NRI, you may still earn from sources in India like rent from owned property in India, mutual fund dividends, pension, fixed deposit interest and other Indian investments.

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NRI Account Interest Rates for Indians in Australia

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NRI Account Interest Rates for Indians in Australia

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Get competitive NRI account interest rates and over 40 privileges on opening an NRI savings account online in Australia with DBS Treasures. Read on to know more in detail about NRE and NRO Savings Account Interest Rates.

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NRI Savings Account Interest Rates

At a Glance

There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

NRE / NRO Savings Account Interest Rates

Here are our new rates w.e.f. 12 th Feb 2021.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

For senior citizens, above rates would apply.

For Basic Savings Bank Deposit Account, above domestic rates would apply.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nri account interest rates for indians in australia

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check nri account interest rates in australia

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NRI Account Interest Rate:NRE/NRO Account Rates in Australia

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NRI Savings Account Interest Rates There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

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NRI Account Interest Rates for Indians in Canada

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NRI Account Interest Rates for Indians in Canada

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Get competitive NRI account interest rates and over 40 privileges on opening an NRI savings account online in Canada with DBS Treasures. Read on to know more in detail about NRE and NRO Savings Account Interest Rates.

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NRI Savings Account Interest Rates

At a Glance

There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

NRE / NRO Savings Account Interest Rates

Here are our new rates w.e.f. 12 th Feb 2021.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

For senior citizens, above rates would apply.

For Basic Savings Bank Deposit Account, above domestic rates would apply.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nri account interest rates for indians in canada

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check nri account interest rates in canada

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NRI Account Interest Rates: NRE/NRO Account Rates in Canada

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NRI Savings Account Interest Rates There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

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NRI Account Interest Rates for Indians in US

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NRI Account Interest Rates for Indians in US

# data[].attributes.body
Get competitive NRI account interest rates and over 40 privileges on opening an NRI savings account online in US with DBS Treasures. Read on to know more in detail about NRE and NRO Savings Account Interest Rates.

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NRI Savings Account Interest Rates

At a Glance

There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

NRE / NRO Savings Account Interest Rates

Here are our new rates w.e.f. 12 th Feb 2021.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

For senior citizens, above rates would apply.

For Basic Savings Bank Deposit Account, above domestic rates would apply.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nri account interest rates for indians in us

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NRI Account Interest Rates: NRE / NRO Account Rates in USA

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NRI Savings Account Interest Rates There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

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NRI Account Interest Rates for Indians in Singapore

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NRI Account Interest Rates for Indians in Singapore

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Get competitive NRI account interest rates and over 40 privileges on opening an NRI savings account online in Singapore with DBS Treasures. Read on to know more in detail about NRE and NRO Savings Account Interest Rates.

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NRI Savings Account Interest Rates

At a Glance

There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

NRE / NRO Savings Account Interest Rates

Here are our new rates w.e.f. 12 th Feb 2021.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

For senior citizens, above rates would apply.

For Basic Savings Bank Deposit Account, above domestic rates would apply.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nri account interest rates for indians in singapore

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check nri account interest rates in singapore

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NRI Account Interest Rate:NRE/NRO Account Rates in Singapore

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NRI Savings Account Interest Rates There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

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NRI Account Interest Rates for Indians in UK

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NRI Account Interest Rates for Indians in UK

# data[].attributes.body
Get competitive NRI account interest rates and over 40 privileges on opening an NRI savings account online in UK with DBS Treasures. Read on to know more in detail about NRE and NRO Savings Account Interest Rates.

# data[].attributes.attachment_link.readable_text
NRI Savings Account Interest Rates

At a Glance

There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

NRE / NRO Savings Account Interest Rates

Here are our new rates w.e.f. 12 th Feb 2021.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

For senior citizens, above rates would apply.

For Basic Savings Bank Deposit Account, above domestic rates would apply.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nri account interest rates for indians in uk

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NRI Account Interest Rates: NRE / NRO Account Rates in UK

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NRI Savings Account Interest Rates There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

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NRI Account Interest Rates for Indians in UAE

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NRI Account Interest Rates for Indians in UAE

# data[].attributes.body
Get competitive NRI account interest rates and over 40 privileges on opening an NRI savings account online in UAE with DBS Treasures. Read on to know more in detail about NRE and NRO Savings Account Interest Rates.

# data[].attributes.attachment_link.readable_text
NRI Savings Account Interest Rates

At a Glance

There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

NRE / NRO Savings Account Interest Rates

Here are our new rates w.e.f. 12 th Feb 2021.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

For senior citizens, above rates would apply.

For Basic Savings Bank Deposit Account, above domestic rates would apply.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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nri account interest rates for indians in uae dubai

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check nri account interest rates in uae dubai

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NRI Account Interest Rate:NRE/NRO Account Rates in UAE Dubai

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NRI Savings Account Interest Rates There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

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Live Currency Exchange Rates Online by DBS Treasures

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Live Currency Exchange Rates Online by DBS Treasures

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Get accurate & reliable foreign exchange rates with DBS Treasures to get today's buying, selling & remittance rates for top currencies in Indian Rupees. Also, you can calculate foreign exchange rates of all the major global currencies with DBS Treasures online currency converter tool.

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DBS Treasures is wealth management for the way you live today - connected, on-the-go and decisive. Our digital wealth management platform empowers you, giving you access to financial expertise, insights and investment tools to grow your wealth anytime, anywhere.

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NRI home loan allows Non-Resident Indians to purchase a dream home for their loved ones in India with financial support at affordable interest rates. Check your eligibility & documents required for home loan for NRI in India & apply today with DBS Treasures.

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documents required for home loan for nri in india

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Documents Required for NRI Home Loan | DBS Treasures

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NRI Home Loan Documents: Get a complete list of documents required for an NRI home loan in India at DBS Treasures. Check the NRI Home Loan Documents and apply today.

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Apply for NRI Home Loan with DBS Treasures

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Apply for NRI Home Loan with DBS Treasures

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NRI home loan allows Non-Resident Indians to buy property in India with the flexibility of equated monthly instalments, flexible tenures and competitive interest rates. Buy your dream home in India easily with DBS Treasures NRI home loan.

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NRI Home Loan - Apply for NRI Housing Loan | DBS Treasures

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DBS Treasures Home loans for NRIs help you make your dream come true of buying a new house or investing in a dream residence. Check your eligibility and apply for NRI Home loan with DBS now!

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Invest in Money Market Fund Online with DBS Treasures

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Invest in Money Market Fund Online with DBS Treasures

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Money Market Fund is a type of mutual fund scheme which invests in short term instruments. These are an alternative to putting money in a savings bank account. Invest in Money Market Mutual Fund Online with DBS Treasures.

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At a Glance

Money Market Funds invest in short-term debt instruments, looking to give a reasonable return to investors over a short period of time. These funds are suitable for investors with a low risk appetite who are looking at parking their surplus funds over a short-term. These are an alternative to putting money in a savings bank account.

How to Apply

A Relationship Manager will reach out to you

Locate us Visit us at your nearest DBS branch

Call 1800 209 4555 / 1800 103 9897 / +91 44 6685 4555

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Money Market Funds invest in short-term debt instruments, looking to give a reasonable return to investors over a short period of time. These funds are suitable for investors with a low risk appetite who are looking at parking their surplus funds over a short-term. These are an alternative to putting money in a savings bank account.

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Invest in Equity Mutual Fund Online with DBS Treasures

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Invest in Equity Mutual Fund Online with DBS Treasures

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Equity Funds are mutual fund schemes that invest their assets in stocks of different companies based on the investment objective. Invest in Equity Funds Online with DBS Treasures.

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At a Glance

With careful management, equity funds - which invest primarily in stocks - can offer significant gains from capital appreciation and dividend income.

How to Apply

A Relationship Manager will reach out to you

Locate us Visit us at your nearest DBS branch

Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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With careful management, equity funds - which invest primarily in stocks - can offer significant gains from capital appreciation and dividend income.

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ELSS Tax Saving Mutual Funds by DBS Treasures

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ELSS Tax Saving Mutual Funds by DBS Treasures

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An ELSS is an open-ended equity mutual fund that invests primarily in equities and equity-related products. You can invest in ELSS and get a tax benefit under section 80C of the Income Tax Act with DBS Treasures.

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At a Glance

At DBS Treasures, you can invest in Equity-linked Savings Schemes and get a tax benefit under section 80C of the Income Tax Act.

Under an ELSS, your funds are handled by fund managers and also have tax benefits. Under Section 80C of the Income Tax Act, you can invest up to Rs. 1.5 lakh in a financial year for tax benefits.

Things to remember

You can invest any amount in ELSS, but only up to Rs. 1.5 lakh will be exempt under the Income Tax Act under Section 80C.

An excellent investment option that can offer both high returns as well as a tax-saving option.

Long-term capital gains on ELSS are tax-exempt up to Rs. 1 lakh if held for greater than 1 year.

If you finish your three-year lock-in period, you have two options: continue investing or withdraw the amount.

You may be taking a higher risk by investing in ELSS compared to other tax-saving instruments, but you can expect higher returns.

While ELSS has the ability to give you higher returns, you need to be realistic about your expectations. In case you want better returns, you need to stay invested for a longer period of time.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly

Frequently Asked Questions

An opportunity to compound money

Tax-free long-term capital gains up to Rs. 1 lakh

Three-year lock-in period compared to longer lock-in period in other tax-saving instruments

Ability to invest through SIPs

An opportunity to compound money

Tax-free long-term capital gains up to Rs. 1 lakh

Three-year lock-in period compared to longer lock-in period in other tax-saving instruments

Ability to invest through SIPs

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ELSS - Invest in Tax Savings Mutual Fund Schemes

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At DBS Treasures, you can invest in Equity-linked Savings Schemes and get a tax benefit under section 80C of the Income Tax Act. Under an ELSS, your funds are handled by fund managers and also have tax benefits. Under Section 80C of the Income Tax Act, you can invest up to Rs.

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Debt Mutual Fund Investment Schemes by DBS Treasures

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Debt Mutual Fund Investment Schemes by DBS Treasures

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Debt Funds are mutual funds which invest your money in fixed interest earning instruments like corportate bonds, money market instruments etc. Invest in Debt Fund Online with DBS Treasures.

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At a Glance

Debt Funds are mutual funds which invest your money in fixed interest earning instruments. The main objective is to accumulate wealth by means of interest income and steady appreciation of the fund value. The underlying securities generate interest at a fixed rate throughout the tenure for which you stay invested in the fund. The fund manager of a debt fund invests in the underlying securities on the basis of their respective credit ratings. A higher credit rating indicates that a debt security has a higher chance of paying interest regularly along with repayment of the principal upon expiry of tenure. Apart from that, the fund manager aligns his investment strategy according to the overall interest rate movements.

How to Apply

A Relationship Manager will reach out to you

Locate us Visit us at your nearest DBS branch

Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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Debt Funds are mutual funds which invest your money in fixed interest earning instruments. The main objective is to accumulate wealth by means of interest income and steady appreciation of the fund value. The underlying securities generate interest at a fixed rate throughout the tenure for which you stay invested in the fund.

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Invest in Hybrid Mutual Fund Online with DBS Treasures

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Invest in Hybrid Mutual Fund Online with DBS Treasures

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Hybrid funds are a combination of equity and debt investments which are designed to meet the investment objective of the scheme. Invest in Hybrid Fund Online with DBS Treasures.

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At a Glance

Hybrid Schemes or balanced schemes bridge the gap between equity and debt schemes. This category is characterized by a portfolio that is made up of a mix of equity stocks and bonds and will suit investors looking for debt plus returns with higher levels of risk than fixed income schemes.

How to Apply

A Relationship Manager will reach out to you

Locate us Visit us at your nearest DBS branch

Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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Hybrid Schemes or balanced schemes bridge the gap between equity and debt schemes. This category is characterized by a portfolio that is made up of a mix of equity stocks and bonds and will suit investors looking for debt plus returns with higher levels of risk than fixed income schemes.

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Invest in Alternative Investment Fund Online with DBS Treasures

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Invest in Alternative Investment Fund Online with DBS Treasures

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Alternative Funds include sophisticated products such as real estate, private equity funds, listed or unlisted equity funds and long short funds which use complex instruments for generating returns. Invest in AIF Online with DBS Treasures.

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At a Glance

Alternative Funds include sophisticated products such as real estate, private equity funds, listed and / or unlisted equity funds and long short funds which use complex instruments for generating returns.

How to Apply

A Relationship Manager will reach out to you

Locate us Visit us at your nearest DBS branch

Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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Alternative Funds include sophisticated products such as real estate, private equity funds, listed and / or unlisted equity funds and long short funds which use complex instruments for generating returns.

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NRI Mutual Fund Schemes by DBS Treasures

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NRI Mutual Fund Schemes by DBS Treasures

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NRI mutual funds are a great investment option for NRIs who live overseas & allows NRI to invest in equity, debt or liquid funds. Get access to over 200 mutual fund schemes through an NRE account with DBS Treasures.

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To begin investing in mutual funds for NRIs in India, you must first open an NRE account with DBS Treasures. Once your NRE account is set and rolling, you can begin. There are two ways in which NRIs can invest in mutual funds in India:

Self / Direct: As the name suggests, in this kind of investment, you will handle your investment portfolio. You have first to complete the e-KYC process via our mobile banking app or by logging in to net banking.

Power of attorney: You also have the option of letting another person invest on your behalf. You'll to give a power of attorney to facilitate the person to make decisions on your behalf. This is ideal if you have a person you can trust to safeguard and monitor your investments.

To begin investing in mutual funds for NRIs in India, you must first open an NRE account with DBS Treasures. Once your NRE account is set and rolling, you can begin. There are two ways in which NRIs can invest in mutual funds in India:

Self / Direct: As the name suggests, in this kind of investment, you will handle your investment portfolio. You have first to complete the e-KYC process via our mobile banking app or by logging in to net banking.

Power of attorney: You also have the option of letting another person invest on your behalf. You'll to give a power of attorney to facilitate the person to make decisions on your behalf. This is ideal if you have a person you can trust to safeguard and monitor your investments.

To complete your KYC process, you have to furnish copies of your documents along with your application. It is in this application that you have to specify if the investment is on a repatriable or non-repatriable basis. Among the KYC documents that you have to submit are the latest photograph of yourself, attested copies of PAN card, passport, residence proof at your country of residence and a bank statement. Some mutual fund houses may ask for in-person verification. You can do this by visiting the Indian Embassy in your resident country.

To complete your KYC process, you have to furnish copies of your documents along with your application. It is in this application that you have to specify if the investment is on a repatriable or non-repatriable basis. Among the KYC documents that you have to submit are the latest photograph of yourself, attested copies of PAN card, passport, residence proof at your country of residence and a bank statement. Some mutual fund houses may ask for in-person verification. You can do this by visiting the Indian Embassy in your resident country.

The profits from equity mutual funds are taxable based on the holding period. If you have invested for the short-term (up to 36 months), your gains will be taxed at the rate of 15%. For long-term capital gains over Rs. 1 lakh a year, a tax at the rate of 10% is deductible. For debt funds, short-term capital gains are taxable at the rate of 30%. If you have held the fund for more than three years, you will be taxed at 20%.

You may also want to take note of DTAA guidelines for NRI mutual funds. If your current country of residence has signed a Double Tax Avoidance Treaty with India, you needn't pay tax twice for your mutual fund investments in India.

The profits from equity mutual funds are taxable based on the holding period. If you have invested for the short-term (up to 36 months), your gains will be taxed at the rate of 15%. For long-term capital gains over Rs. 1 lakh a year, a tax at the rate of 10% is deductible. For debt funds, short-term capital gains are taxable at the rate of 30%. If you have held the fund for more than three years, you will be taxed at 20%.

You may also want to take note of DTAA guidelines for NRI mutual funds. If your current country of residence has signed a Double Tax Avoidance Treaty with India, you needn't pay tax twice for your mutual fund investments in India.

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NRI Mutual Funds - NRI Mutual Fund Investment in India

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To begin investing in mutual funds for NRIs in India, you must first open an NRE account with DBS Treasures. Once your NRE account is set and rolling, you can begin. There are two ways in which NRIs can invest in mutual funds in India: Self / Direct: As the name suggests, in this kind of investment, you will handle your investment portfolio.

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Convert GBP to Indian Rupee with the help of DBS Treasures free Currency Converter. Get Pound Sterling to Indian Rupee money transfer instantly with DBS Treasures at competitive conversion rates for NRIs staying across UK.

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GBP to INR: Convert British Pound to Indian Rupee Online | DBS Treasures

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The best time to send money to your loved ones in India is when the GBP is at its strongest. That way, you can get more Indian rupees for your funds. If you consider repatriation back to your account in the UK, then it is favourable to pick a time when INR is at its strongest.

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Convert Euro to INR with the help of DBS Treasures free Currency Converter. Get Euro to Rupee money transfer instantly with DBS Treasures at competitive conversion rates for NRIs staying across Europe.

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Euro to INR: Convert Euro to Indian Rupee Online | DBS Treasures

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Are you an NRI living in Europe? Do you want to save Euros and convert them to INR when you return to India? With our online currency converter, you can easily calculate the final value that you will receive before you convert EUR to INR.

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Convert AUD to Indian Rupee with the help of DBS Treasures free Currency Converter. Get Australian Dollar to Indian Rupee money transfer instantly with DBS Treasures at competitive conversion rates for NRIs staying across Australia.

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AUD to INR: Australian Dollar to Indian Rupee Online | DBS Treasures

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The best time to convert your AUD to INR is when AUD is at its strongest i.e. you get the most INR for your funds. This way, your beneficiary in India can receive a higher INR amount.

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Convert USD to INR with the help of DBS Treasures free Currency Converter. Get US Dollar to Indian Rupee money transfer instantly with DBS Treasures at competitive conversion rates for NRIs staying across the US.

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USD to INR: Convert Dollar to INR Online | DBS Treasures

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The best time to send money to your loved ones in India is when the USD is at its strongest, so that you can get more Indian rupees for your funds. If you are considering repatriation back to your account in USA, then a time when INR is at its strongest is more favourable.

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Convert SGD to INR with the help of DBS Treasures free Currency Converter. Get Singapore Dollar to Indian Rupee money transfer instantly with DBS Treasures at competitive conversion rates for NRIs staying across Singapore.

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1 SGD to INR: Singapore Dollar to Indian Rupee | DBS Treasures

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The best time to send money to your loved ones in India is when the SGD is at its strongest so that you can get more Indian rupees for your funds. If you are considering repatriation back to your account in Singapore, then a time when INR is at its strongest is more favourable.

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Online Currency Converter by DBS Treasures

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Online Currency Converter by DBS Treasures

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Online currency converter is designed to convert and calculate the exchange rate between two currencies within seconds. You can now calculate foreign exchange rates of all the major, global currencies with DBS Treasures online currency converter tool.

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Currency Converter: Calculate Foreign Exchange Rates Online

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Currency convertor by DBS Treasures is an online mechanism designed to convert & calculate live currency and foreign exchange rates within seconds. Read on to know more and check out our money convertor online!

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Transfer Money to India by Wire Transfer with DBS Treasures

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Transfer Money to India by Wire Transfer with DBS Treasures

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If you are working abroad and want to send money to friends or family back home in India, a wire transfer is a safe and secure means of doing so. Know more about transferring money to India via wire transfer with DBS Treasures.

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At a Glance

A wire transfer is an electronic mode of sending money from one account to another, in any part of the world. So, if you are working abroad and want to send money to friends or family back home, you can opt for it.

An international wire transfer is fast, secure and convenient. It works both ways - you can send and receive funds from India. You can also wire funds towards investments, your home loan by providing required details. Your bank may charge a fee to process your wire request.

Features and Benefits

A wire transfer is the traditional, trusted way to remit funds to India. It takes one or two days for the funds to be credited in the recipient's account.

It is a simple process of issuing an instruction to your local bank.

DBS Treasures allows international wire transfers in 19 foreign currencies through its network of correspondent banks across the world.

You can transfer funds to open FCNR fixed deposits, make investments and home loans.

How does wire transfer work?

To make a transfer you should make sure you have the correct account number, address, email ID and contact number of the recipient. You should also have the SWIFT Code of the correspondent bank.

Society for Worldwide Interbank Financial Telecommunication (SWIFT) is a network of banks and financial institutions around the globe that ensures secure banking transactions such as sending and receiving funds. The SWIFT Codes of your bank as well as the recipient's are essential to make a wire transfer.

Here's how you can wire money to India:

You have to instruct your local bank by providing request form for initiating an overseas funds transfer.

Fill in the details like beneficiary bank name, address and account number, IFSC Code, beneficiary email ID and contact number as well as the purpose of payment in the form.

Mention the SWIFT codes of your local bank as well as the beneficiary bank.

Submit the form with your local bank.

Funds will be transferred from your account to the beneficiary's account in one or two working days.

How to Apply

Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555
Frequently Asked Questions

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International Wire Transfer to India Facility |DBS Treasures

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A wire transfer is an electronic mode of sending money from one account to another, in any part of the world. So, if you are working abroad and want to send money to friends or family back home, you can opt for it. An international wire transfer is fast, secure and convenient.

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Transfer Money to India by Telegraphic Transfer with DBS Treasures

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Transfer Money to India by Telegraphic Transfer with DBS Treasures

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A telegraphic transfer is an electronic funds transfer of sending money for overseas wire transfers. Make fund transfers to India quickly within four working days and at an attractive exchange rates by Telegraphic Transfer with DBS Treasures.

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Send money to India through telegraphic fund transfers

At a Glance

An electronic funds transfer is the most convenient method of transferring funds overseas. Also referred to as telegraphic transfer or telex transfer, such transfers happen through Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network. SWIFT transfer network is used to send information through the banking system. Information regarding transfer of funds is submitted through this network.

Features and Benefits

International transfer through this mode offers attractive exchange rates.

It is a trusted, reliable way of sending funds to India. The transfer happens within 1-4 working days.

Telegraphic fund transfers are a secure way to send money.

How does it work?

Log on to your online banking account. If you cannot do it online visit your nearest bank branch.

Check the cost and the charges. There would be currency conversion fees and service taxes. Check the currency conversion rates.

Fill up all the necessary information in the transfer form. This way, you give required wire transfer information to the bank.

The money is deducted from the account of the sender (correspondent bank) and credited to the account of the beneficiary (in a bank in India).

How to Apply

Locate us Visit us at your nearest DBS branch

Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

Frequently Asked Questions

Your name, address and bank account number

The currency of payment and payment amount

Name of the beneficiary

Beneficiary bank name and address with branch name

Beneficiary's bank account number

The SWIFT code of beneficiary's bank

Details of intermediary banks, if any are involved

Purpose of payment

Your name, address and bank account number

The currency of payment and payment amount

Name of the beneficiary

Beneficiary bank name and address with branch name

Beneficiary's bank account number

The SWIFT code of beneficiary's bank

Details of intermediary banks, if any are involved

Purpose of payment

Thank you. Your feedback will help us serve you better.

Was this information useful ?

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Telegraphic Transfer - TT Transfer | DBS Treasures

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Send money to India through telegraphic fund transfers An electronic funds transfer is the most convenient method of transferring funds overseas. Also referred to as telegraphic transfer or telex transfer, such transfers happen through Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging network. SWIFT transfer network is used to send information through the banking system.

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Transfer Money to India by Demand Draft with DBS Treasures

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Transfer Money to India by Demand Draft with DBS Treasures

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There are many ways for an NRI to send money to India and one of the most common ways is through foreign currency demand drafts. Know more about foreign currency dd and benefits with DBS Treasures.

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At a Glance

When you stay away from your home country, your responsibilities do tend to increase. One such responsibility each NRI has is to send money to his or her loved ones back home in India. There are several methods, and the most common is through foreign currency demand drafts. Demand drafts (DD) need to be drawn in favour of your beneficiary or recipient. Foreign currency demand drafts can be used to make different kinds of payments.

Features & Benefits

Banks in India offer facilities to remit money to India through demand drafts. A foreign currency DD has several benefits. Here they are:

It is a low-cost option, though you do have to pay a fixed fee and applicable service tax, both are minimal

These cannot be misused because the beneficiary's details have to be mentioned

Foreign currency demand drafts can be issued in various currencies like USD, GBP, EUR, AUD, SGD, and so on

If your bank has arrangements with a large number of corresponding banks across the globe, the process becomes easier

These drafts can be drawn up to any amount as per the Foreign Exchange Management Act ( FEMA) rules

Process/Time to transfer

Here's an outline of the process and time for sending money through a foreign currency DD:

You can download the demand draft request form (Payment Application Form) by clicking here

A typical request form will ask you for the following information:

Name of the recipient

Name of the sender

Amount to be transferred

The location where the transferred money needs to be paid

Mode in which transferred amount needs to be paid. It could either be in cash for though bank account

Mode in which you will pay money to the bank. It could be in either cash or cheque

If a demand draft is lost, one can request for a duplicate

Time taken for the money to be remitted is generally between 7-28 days

How to Apply

Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555
Frequently Asked Questions

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Foreign Currency Demand Draft (DD) Fund Transfer Online

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When you stay away from your home country, your responsibilities do tend to increase. One such responsibility each NRI has is to send money to his or her loved ones back home in India. There are several methods, and the most common is through foreign currency demand drafts.

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Transfer Money to India by Cheque with DBS Treasures

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Transfer Money to India by Cheque with DBS Treasures

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An alternate way to send money to India is through foreign currency cheques deposited in an Indian Bank. Know more about transferring money to India via Foreign Currency Cheque with DBS Treasures.

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At a Glance

An alternate way to send money to India is through foreign currency cheques deposited in an Indian Bank.

There are several ways to transfer money to India and one of them is through foreign currency cheques. You can draw one from an overseas bank in foreign currency. The cheque should favour your bank account in India. On deposit, the funds get credited in Indian Rupees. The exchange rate considered is the one prevalent on the date of credit.

Features and Benefits

Crediting foreign currency cheques to your bank account is a convenient way of sending money to India. They're an alternative to wire transfers.

You need to have a bank account in India.

Enclose a pay-in-slip with the cheque which mentions the beneficiary name and account number.

Process of collection

Cheques denominated in USD constitute a significant portion of foreign currency cheques. There are various ways for realising USD denominated cheques. Different banks have different collection arrangements. This depends on institutional arrangements they have in place.

There are three types of arrangements banks have. Time taken for transfer depends on the specific agreement.

Final credit scheme: This is available for US dollar-denominated cheques. Funds are realised post realisation by the drawee bank in their Nostro account. This is a confirmed credit payment against the instrument.

Cash letter scheme: Here, presenting banks in India send cheques payable to corresponding banks (CBs) in USA. The CBs collect funds and present them to branches maintained in the US. Such accounts are also called NOSTRO accounts; funds received are of provisional credit.

Direct collection scheme: This is for foreign currency cheques that cannot be lodged under the above two schemes. Here the cheque is directly sent the drawee bank in USA. In this case, there is no risk of return. For this reason high-value cheques are sent under this scheme.

Time to transfer: There is no specified time for the transfer. The time will depend on the collection method. Banks typically take 15 to 30 days for the collection of USD cheques. It may even go up to 45 days.

How to Apply
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555
Locate us Visit us at your nearest DBS branch

Frequently Asked Questions

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Foreign Currency Cheques Fund Transfer | DBS Treasures

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An alternate way to send money to India is through foreign currency cheques deposited in an Indian Bank. There are several ways to transfer money to India and one of them is through foreign currency cheques. You can draw one from an overseas bank in foreign currency.

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Transfer money to India easily with DBS Treasures

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Transfer money to India easily with DBS Treasures

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You can now send funds in 19 currencies in India using the bank's inward remittance facility. Remit money to India easily at attractive rates with DBS Treasures.

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Remittance Fees and Service Charges by DBS Treasures

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Remittance Fees and Service Charges by DBS Treasures

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DBS Treasures charges zero service charges for inward and outward remittances. Read on to know more in detail about competitive remittance rates and no transfer fees with DBS Treasures.

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For Non-Resident Indians, transferring money between India and overseas is a regular affair. Remittance charges may differ based on the country you are transferring to or from India.

The remittance fees charged by a financial institution usually includes intermediaries' charges along with the exchange rate margin. DBS Treasures charges zero service charges for inward and outward remittances. However, the corresponding banks or third-parties may charge per transaction.

With DBS Treasures, you get access to preferential rates on your remittances. If you wish to avail these rates, we recommend you open an NRE or NRO account with us. Our same-day delivery ensures that the money you send reaches the recipient faster, is convenient and extremely secure.

For the fastest remittance services, open an NRI Account with DBS Treasures.

Fees and Service Charges

International Funds Transfer

Fees and Charges

Outward Remittances

Free (Correspondent bank and third party charges apply)

Credit to DBS account for inward remittances from other banks

Free

Returned funds for unapplied OTT / ITT

All INR 500 + Swift Charges

Click here for correspondent bank details.

*Need details for MoneySafe.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

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Remittance Charges: Remittance Fees & Rates Online

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For Non-Resident Indians, transferring money between India and overseas is a regular affair. Remittance charges may differ based on the country you are transferring to or from India. The remittance fees charged by a financial institution usually includes intermediaries' charges along with the exchange rate margin.

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Remit Funds easily to India with DBS Treasures

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Remit Funds easily to India with DBS Treasures

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With the DBS Treasures remit service, you can now transfer money quickly and conveniently to your loved ones with zero commission within 24 hours. Read on to know more in detail.

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At a Glance

For Non-Resident Indians (NRIs), reliable and robust international money transfer services are essential. DBS Treasures clients benefit from fast and cost-effective funds transfer for their investments.

Features & Benefits

Inward remittances

Quick and easy connectivity between NRIs and beneficiaries in India Beneficiaries credited within 24 hours of DBS receiving instruction
Wire transfer option

DBS India Remit

To use this facility, open a DBS Singapore account, register for iBanking and provide details of your Singapore account for remittance. Then provide details of the recipient account in India.

Fastest and most cost-effective way to remit funds between Singapore and India

Beneficiaries credited within 24 hours of DBS receiving instruction (before 11:30 AM IST)

Fixed preferential exchange rates at the time of transaction, with customers notified of the exact rupee amount to be credited

SMS updates on transaction status

Transactions backed by our award-winning MoneySafe* guarantee

Outward remittances

DBS Treasures clients enjoy preferential forex and commission rates for outward remittances, which cover over 17 currencies.

International money transfers to over 150 countries in more than 20 currencies

Lowest service fee in the market

Funds delivered next day

Fixed preferential exchange rate at the time of transaction

Fastest way to transfer funds to Singapore

As a DBS India Treasures customer, you can transfer funds without any commission or handling fees

Charges

International Funds Transfer

TRB INR 5 - INR 20 lacs

TRB INR 20 - INR 200 lacs

TRB - > INR 200 lacs

Outward Remittances

Free (Correspondent bank and third party charges apply)

Free (Correspondent bank and third party charges apply)

Free (Correspondent bank and third party charges apply)

Remittance to Singapore

Free (Correspondent bank and third party charges apply)

Free (Correspondent bank and third party charges apply)

Free (Correspondent bank and third party charges apply)

Inward Remittances

TRB INR 5 - INR 20 lacs

TRB INR 20 - INR 200 lacs

TRB - > INR 200 lacs

Credit to DBS Account for Inward Remittance from other Banks

Free

Free

Free

Credit to DBS Account for Inward Remittance received from Singapore

Free (Correspondent bank and third party charges apply)

Free (Correspondent bank and third party charges apply)

Free (Correspondent bank and third party charges apply)

Returned funds for unapplied OTT / ITT

All INR 500 + Swift Charges

All INR 500 + Swift Charges

All INR 500 + Swift Charges

Click here for correspondent bank details.

*Need details for MoneySafe.

How to Apply

A Relationship Manager will reach out to you

Locate us Visit us at your nearest DBS branch

Call 1800 209 4555 / 1800 103 9897 / +91 44 6685 4555

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Remittances - Remit Money to India with DBS Treasures

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For Non-Resident Indians (NRIs), reliable and robust international money transfer services are essential. DBS Treasures clients benefit from fast and cost-effective funds transfer for their investments. Quick and easy connectivity between NRIs and beneficiaries in India Beneficiaries credited within 24 hours of DBS receiving instructionWire transfer option To use this facility, open a DBS Singapore account, register for iBanking and provide details of your Singapore account for remittance.

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Money Transfer from USA to India with DBS Treasures

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Money Transfer from USA to India with DBS Treasures

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Money transfers from the US to India are now effortless, especially if you have an NRE account. Refer the detailed guide from DBS Treasures to transfer money online from US to India seamlessly.

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Transfer Money From USA to India with Ease | DBS Treasures

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Effortlessly send money from USA to India with DBS Treasures. Enjoy seamless international transfers, competitive exchange rates, and secure transactions for all your financial needs.

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Send money to India from UK seamlessly with DBS Treasures

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Send money to India from UK seamlessly with DBS Treasures

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Many of them frequently send money to India from UK to support their financial commitments. DBS Bank makes it easy for NRIs to transfer money from UK to India quickly and efficiently through remittances to NRE accounts.

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Send Money from UK to India with Ease | DBS Treasures

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Money Transfer from UK to India: Safely send money to India from UK with DBS Treasures. ✓Seamless International Transfers ✓Competitive Exchange Rates ✓Speedy Credit Service

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Transfer money from Singapore to India with DBS Treasures

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Transfer money from Singapore to India with DBS Treasures

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NRE account enables you to send as much money as you like from Singapore to India quickly and conveniently. Refer the detailed guide to know the best way to send money from Singapore to India with DBS Treasures.

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At a Glance

Singapore is a land of outstanding opportunities and home to thousands of Non-Resident Indians. As an NRI living in Singapore, one of the most efficient ways of managing your expenses and investments in India is with an NRE account. An NRE account enables you to send as much money as you like from Singapore to India quickly and conveniently.

You can use the money in an NRE account for a wide range of purposes - be it for paying school fees, investing in Indian securities, buying property, supporting family expense, shopping or settling monthly bills.

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Send Money from Singapore to India with Ease | DBS Treasures

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Money Transfer from Singapore to India: Safely send money to India from Singapore with DBS Treasures. ✓Seamless International Transfers ✓Competitive Exchange Rates ✓Speedy Credit Service

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Send money from Saudi Arabia to India with DBS Treasures

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Send money from Saudi Arabia to India with DBS Treasures

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Transferring money from Saudi Arabia to India comes with distinct advantages like faster transfers within 24 hours* & get access over 40 lifestyle privileges. Refer the detailed guide to transfer money online from Saudi Arabia to India seamlessly with DBS Treasures.

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money transfer from saudi arabia to india

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transfer money from saudi arabia to india

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money transfer to india from saudi arabia

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transfer money to india from saudi arabia

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Send Money from Saudi Arabia to India | DBS Treasures

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Money Transfer from Saudi Arabia to India: Safely send money to India from Saudi Arabia with DBS Treasures. ✓Seamless International Transfers ✓Competitive Exchange Rates ✓Speedy Credit Service

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Transfer money from Malaysia to India with DBS Treasures

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Transfer money from Malaysia to India with DBS Treasures

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For NRIs in Malaysia, who want to invest in India or financially support their family back home, DBS Treasures offers an easy way to send money to India. Know more on the best way to send money from Malaysia to India with DBS Treasures.

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Money Transfer to India from Malaysia with Ease

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Money Transfer from Malaysia to India: Safely send money to India from Malaysia with DBS Treasures. ✓Seamless International Transfers ✓Competitive Exchange Rates ✓Speedy Credit Service

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Transfer money to India from Indonesia with DBS Treasures

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Transfer money to India from Indonesia with DBS Treasures

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NRE account not only makes it easy for you to send money to India, but it also allows you to manage your financial commitments with great convenience. Refer this guide from DBS Treasures to transfer money online from Indonesia to India.

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Send Money from Indonesia to India with Ease | DBS Treasures

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Money Transfer from Indonesia to India: Safely send money to India from Indonesia with DBS Treasures. ✓Seamless International Transfers ✓Competitive Exchange Rates ✓Speedy Credit Service

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Send money from Hong Kong to India with DBS Treasures

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Send money from Hong Kong to India with DBS Treasures

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One of the best ways to send money from Hong Kong to India is via a DBS Treasures NRE account. With DBS Treasures NRE account, there are no service charges applicable when you send money from Hong Kong to India.

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Money Transfer Options

You can send money from Hong Kong to India via offline or online options like foreign demand drafts, wire transfers or a correspondent bank transfer. The most convenient method is online transfers through an NRE account.
How to Send Money to India Online from Hong Kong
Let us look at how you can transfer money from Hong Kong to India conveniently through an NRE account:

Step 1: Open a DBS Treasures NRE savings account. You can do this remotely; we have dedicated Relationship Managers to help you with the process.

Step 2: Log in to your savings account abroad and choose remittances or similar international funds transfer option.

Step 3: Enter your Customer ID or mobile number along with your bank account details.

Step 4: Select or add your beneficiary DBS Treasures NRE account. You need to add your beneficiary details only once for the first time.

Step 5: Recheck the information entered (e.g. account information, IFSC code, SWIFT code, etc.)

Step 6: Click on 'Submit' or an equivalent button.

Once the money is deposited in your NRE account, we will send you an alert via SMS and e-mail. There is no upper limit on the funds you can transfer to India from Hong Kong with this account.

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Send Money from Hong Kong to India with Ease | DBS Treasures

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Money Transfer from Hong Kong to India: Safely send money to India from Hong Kong with DBS Treasures. ✓Seamless International Transfers ✓Competitive Exchange Rates ✓Speedy Credit Service

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Transfer money from Germany to India with DBS Treasures

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Transfer money from Germany to India with DBS Treasures

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One of the easiest ways to send money and manage expenses in India is to send it to an NRE account. Refer the detailed guide from DBS Treasures to transfer money online from Germany to India conveniently.

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At a Glance

Germany serves as a home away from home for many Non-Resident Indians. It offers an unmatched lifestyle, excellent education and access to world-class business and career opportunities. For Indians living and working in Germany, there are many ties to home - financial and emotional.

One of the best ways to send money from Germany to India is via a DBS Treasures NRE account. With this account, you can send money to your family in India for a host of expenses such as home maintenance fees, bill payments or monthly family expenses.

Steps to Transfer Money from Germany to India

Online remittances are the fastest way to send money between any two countries. You can also expect better currency exchange rates with DBS Treasures. Here are easy steps to send money from Germany to India online:

Step 1: Open an NRE savings account with DBS Treasures. You can do this remotely by getting in touch with our Relationship Managers.

Step 2: Log in to your local savings account and choose an option similar to international funds transfer or remittance.

Step 3: Enter your Customer ID or mobile number on the online form; most bank websites will display your bank account details automatically once you enter your Customer ID or mobile number.

Step 4: Select or add your beneficiary account; you need to add a beneficiary only once. In case you have a DBS Treasures NRE account, you can select the same.

Step 5: Check if all the information entered is correct (e.g. account information, IFSC code, SWIFT code, etc.)

Step 6: Click on 'Submit' or an equivalent button.

In case your beneficiary account is your DBS Treasures NRE account, you will get an SMS and e-mail confirmation from DBS Treasures that the funds have been credited. With an NRE account, there is no upper limit on the amount you transfer or the frequency of transfers made by you from Germany to India.

Getting Set Up for Remitting Funds

To transfer funds from Germany to India, all you need is access to internet or mobile banking facilities. If you have not set up your NRE account already, you can do so online from anywhere around the world.

With a DBS Treasures NRE account, you can access preferential exchange rates and faster credits within 24 hours*. Besides, NRE account holders can benefit from 40+ exclusive lifestyle privileges and enjoy competitive interest rates while holding their money tax-free at all times.

*T&Cs Apply.

Service Charges

With DBS Treasures, there are no service charges applicable when you send money from Germany to India. Here's a look at the other charges:

International Funds Transfer

Service Charge

Credit to DBS Treasures Account for Inward remittance

Free

Returned funds for unapplied OTT / ITT (for inward remittance)

All INR 500 + Swift Charges

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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best way to send money from germany to india

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best money transfer from germany to india

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Transfer Money From Germany to India: Send Money to India

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Germany serves as a home away from home for many Non-Resident Indians. It offers an unmatched lifestyle, excellent education and access to world-class business and career opportunities. For Indians living and working in Germany, there are many ties to home - financial and emotional.

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Transfer money from Europe to India with DBS Treasures

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Transfer money from Europe to India with DBS Treasures

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Sending money to an NRE account is one of the easiest ways to manage your expenses in India. DBS Treasures NRE account provides NRIs with a convenient way to send money from Europe to India.

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Money Transfer Options

You may choose any offline or online international transfer method. Some of the options are foreign demand-drafts, SWIFT-based online remittance or bank-to-bank transfers to send money from Europe to India. Online remittances into your NRE account are faster and there is no limit on the funds that you can send.
How to Send Money to India Online from Europe
It is extremely easy to send money from Europe to India through an NRE account.

Step 1: Open a DBS Treasures NRE savings account. You can do this remotely and at your convenience with the help of a dedicated Relationship Manager.

Step 2: Log in to your local savings account and choose international funds transfer or remittance option.

Step 3: Enter your Customer ID or registered mobile number on the online form; your bank account details may appear automatically.

Step 4: Select or add your beneficiary account (in this case, your DBS Treasures NRE savings account). You need to add a beneficiary only once.

Step 5: Check if all the information entered is correct (e.g. account information, IFSC code, SWIFT code, etc.)

Step 6: Click on 'Submit' or an equivalent button.

As soon as the funds are credited to your DBS Treasures NRE account, we will alert you via SMS and e-mail.

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Money Transfer from Europe to India | DBS Treasures

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Money Transfer from Europe to India: Safely send money to India from Europe with DBS Treasures. ✓Seamless International Transfers ✓Competitive Exchange Rates ✓Speedy Credit Service

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Transfer money from Dubai to India easily with DBS Treasures

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Transfer money from Dubai to India easily with DBS Treasures

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There are many quick and easy money transfer options available without any limits to credit your NRE account in India from Dubai. Refer the detailed guide to transfer money online from Dubai to India seamlessly with DBS Treasures.

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Send Money from Dubai to India with Ease | DBS Treasures

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Money Transfer from Dubai to India: Safely send money to India from Dubai with DBS Treasures. ✓Seamless International Transfers ✓Competitive Exchange Rates ✓Speedy Credit Service

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Send money from Canada to India with DBS Treasures

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Send money from Canada to India with DBS Treasures

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You can easily and quickly transfer large sums of money from Canada to India as there are not limits on the amount you deposit in NRE account. Refer the detailed guide to know the best way to send money from Canada to India with DBS Treasures.

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Transfer Money From Canada to India Online | DBS Treasures

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Transfer money to India from the Canada effortlessly with DBS Treasures. Our reliable service guarantees competitive rates, low charges, and a hassle-free online platform for quick transactions.

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Send money to India from Australia seamlessly with DBS Treasures

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Send money to India from Australia seamlessly with DBS Treasures

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NRIs can remit their foreign exchange earnings easily and quickly to the NRE account and then use the funds to pay for their financial commitments in India. Refer the detailed guide to transfer money online to India from Australia seamlessly with DBS Treasures.

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Avail Foreign Currency Cheque facility at DBS Treasures

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Avail Foreign Currency Cheque facility at DBS Treasures

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A foreign currency cheque is a safe way to carry foreign exchange on your trips. There are many types of foreign currency cheques available. Avail Foreign Currency Cheque and read on to know more about it with DBS Treasures.

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At a Glance

A foreign currency cheque is simply a cheque that is denominated in a currency other than Indian rupees. These cheques are typically payable by banks in foreign countries (for example, a dollar-denominated cheque is payable by a bank in the US). But you can deposit a foreign currency cheque in an account you hold with an Indian bank and get it converted to rupees.

There are many types of foreign currency cheques, including demand drafts, cashier's cheques, traveller's cheques, etc.

If you are a beneficiary of a foreign currency cheque, you must deposit it in your account; your bank's foreign currency cheque collection service will process it (by sending it to the bank of origin for realisation) and credit the Indian rupee amount to your account.

The foreign currency cheque is frequently used by people residing outside India (NRIs, for example) as an alternative to wire transfers. Visitors to India sometimes carry traveller's cheques.

The final rupee amount that is credited into a beneficiary's account is based on the exchange rate on the date of the credit. Banks charge processing fees for the foreign currency cheque collection service, and the fees are subtracted from the final amount deposited into the beneficiary's account.
Open an NRI Savings Account
Features and Benefits

Foreign currency cheques allow you to receive money in an overseas currency in India. If you are an NRI travelling to India, you can carry a foreign currency cheque and convert it to rupees at an Indian bank.

Your foreign currency amount will be converted at the exchange rate prevalent when the funds are deposited into your account.

A foreign currency cheque offers more security than cash. If you lose a foreign currency cheque, you can immediately stop payment on it.

Frequently Asked Questions

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Foreign Currency Cheque: Send Money to India | DBS Treasures

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A foreign currency cheque is simply a cheque that is denominated in a currency other than Indian rupees. These cheques are typically payable by banks in foreign countries (for example, a dollar-denominated cheque is payable by a bank in the US).

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Best NRO FD Interest Rates by DBS Treasures

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Best NRO FD Interest Rates by DBS Treasures

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DBS Treasures NRO FD rates are extremely competitive and ensure safe and secure growth in the most volatile times. Read on to know more in detail about attractive NRO FD Interest Rates.

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At a Glance

Attractive NRO interest rates for fixed deposits ensure that money placed in your DBS Treasures NRO Fixed Deposits keeps growing. NRO fixed deposits are great for those who have an income in India while they work or live overseas. DBS Treasures NRO FD rates are extremely competitive and ensure safe and secure growth in the most volatile times.

NRO Fixed Deposit (FD) Interest Rates
Rates w.e.f. 18th October, 2022
Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.
Open an NRI Savings Account
NRO Fixed Deposits Terms and Conditions

The Bank shall, on written request from all depositors, allow withdrawal of a Resident / NRO Term deposits prior to the date of its maturity. The interest on prematurely withdrawn Resident / NRO Term Deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty.

Please note that pre-closure charges of 1% will be applicable on all Term Deposits booked / renewed on or after 15th April 2019.

For detail terms and conditions click here

Frequently Asked Questions

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NRO FD Rates - Best NRO Fixed Deposit Interest Rates

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Attractive NRO interest rates for fixed deposits ensure that money placed in your DBS Treasures NRO Fixed Deposits keeps growing. NRO fixed deposits are great for those who have an income in India while they work or live overseas. DBS Treasures NRO FD rates are extremely competitive and ensure safe and secure growth in the most volatile times.

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Open NRO Fixed Deposit Online with DBS Treasures

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Open NRO Fixed Deposit Online with DBS Treasures

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NRO fixed deposits allow you to earn interest at a competitive rate on the income earned in India while you work or live overseas. Grow your savings and earn competitive interest rates by opening NRO fixed deposit account online with DBS Treasures.

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At a Glance

Grow your savings with DBS Treasures NRO Fixed Deposits. Earn competitive interest rates on your Indian income.

DBS Treasures NRO fixed deposit accounts allows you to earn good interest on your income sources in India. DBS Treasures NRO fixed deposits can be opened jointly with resident or non-resident Indians.

Features and Benefits

DBS Treasures Non Resident Ordinary account fixed deposit is ideal for you if you are an NRI but have sources of regular income in India such a rental property, general fixed deposits, pension, mutual fund dividends etc.

Interest earned on NRO account deposits is taxable as per the Income Tax Act of 1961

While the principal amount is not fully repatriable, you can transfer the entire interest earned on the deposit to a foreign currency

NRO fixed deposit account holders can open the FD jointly with non-resident or resident Indian citizens

You can earn higher interest rates and returns on rupee income

Interest Rates
Rates w.e.f. 2nd September 2020
Simple Interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

For Seafarer: Current work contract and copy of CDC along with last page of disembarkation stamp & FEMA declaration is required confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Recent passport size colour photograph

Once DBS NRO Savings account is opened basis above documents, NRO fixed deposit can be booked online through DBS Mobile / Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS branch.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly

Frequently Asked Questions

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NRO Fixed Deposits - Open NRO FD Account Online

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Grow your savings with DBS Treasures NRO Fixed Deposits. Earn competitive interest rates on your Indian income. DBS Treasures NRO fixed deposit accounts allows you to earn good interest on your income sources in India. DBS Treasures NRO fixed deposits can be opened jointly with resident or non-resident Indians.

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Best NRE FD Interest Rates by DBS Treasures

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Best NRE FD Interest Rates by DBS Treasures

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Get competitive NRE FD account interest rates and exclusive benefits on opening an NRE FD account online with DBS Treasures. Read on to know more in detail about attractive NRE FD Interest Rates and grow your portfolio tax free.

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At a Glance

Take advantage of competitive NRE FD rates that allow you to earn interest tax-free on any amount saved. With NRE fixed deposits, you can remit any savings that you make abroad to your DBS Treasures NRE fixed deposit account and earn interest. As NRE FD rates are calculated to give you guaranteed returns, there is relatively higher security and comfort while choosing them for your investments.

NRE Fixed Deposits Terms and Conditions

The Bank shall, on written request from all depositors, allow withdrawal of a NRE / FCNR Deposits prior to the date of its maturity. The interest on prematurely withdrawn NRE / FCNR deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty.

However, no interest will be paid in case of NRE / FCNR Deposits prematurely withdrawn before the expiry of 1 (one) year from the date of deposit or its renewal.

Please note that pre-closure charges of 1% will be applicable on all Term Deposits booked / renewed on or after 15th April 2019.

For detail terms and conditions click here.

Frequently Asked Questions

NRE FD rates at DBS Treasures are designed to provide you with the maximum earning potential while the interest remains tax-free in India. This is because the amount invested and interest earned is on a sum of money that does not qualify as income from India.

NRE FD rates at DBS Treasures are designed to provide you with the maximum earning potential while the interest remains tax-free in India. This is because the amount invested and interest earned is on a sum of money that does not qualify as income from India.

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NRE FD Rates - Best NRE Fixed Deposit Interest Rates

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Take advantage of competitive NRE FD rates that allow you to earn interest tax-free on any amount saved. With NRE fixed deposits, you can remit any savings that you make abroad to your DBS Treasures NRE fixed deposit account and earn interest.

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Open NRE Fixed Deposit Online with DBS Treasures

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Open NRE Fixed Deposit Online with DBS Treasures

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NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates. Enjoy exclusive benefits and features by opening an NRE Fixed Deposit account today with DBS Treasures.

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At a Glance

Park your foreign currency savings and earn high, tax-free interest rates on your DBS Treasures NRE Fixed Deposit account.

DBS Treasures NRE fixed deposit accounts enable you to earn high interest from your foreign currency earnings. DBS Treasures NRE fixed deposits are fully repatriable. Moreover, interest earned on NRE deposits is tax-free in India.

Features and Benefits

Both principal and the interest earned on the fixed deposit is tax-free in India

You can freely and fully repatriate the principal amount and interest earned to your country of residence

You get competitive interest rates on your fixed deposits

You can hold the NRE FD jointly with more than one non-resident Indian

FDs can be opened for flexible tenures lasting from one year to 10 years

You can renew your NRE fixed deposit online in a hassle-free manner

You can assign a nominee on your NRE fixed deposit

Interest Rates

Rates w.e.f. 27th July 2020
For interest rates on FDs of INR 2 Crore and above, please contact your Relationship Manager or nearest branch.
For more information click here.

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply.

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

For Seafarer: Current work contract and copy of CDC along with last page of disembarkation stamp & FEMA declaration is required confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Recent passport size colour photograph

Once DBS NRE Savings account is opened basis above documents, NRE fixed deposit can be booked online through DBS Mobile / Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS branch.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly

Frequently Asked Questions

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NRE Fixed Deposits - Open NRE FD Account Online

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NRE Fixed Deposits - DBS Treasures NRE fixed deposit (FD) accounts enable you to earn high interest from your foreign currency earnings. Open for NRE Fixed Deposits to enjoy the benefits of freely and fully repatriation principal amount at DBS Treasures.

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Best NRI FD Interest Rates by DBS Treasures

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Best NRI FD Interest Rates by DBS Treasures

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Get competitive NRI FD account interest rates and exclusive benefits on opening an NRI FD account online with DBS Treasures. Read on to know more in detail about attractive NRI FD Interest Rates.

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At a Glance

DBS Treasures allows Non-Resident Indians to open NRI accounts and invest their money through fixed deposits at competitive interest rates.

The interest rates are different for each type of term deposit account i.e. NRE, NRO and FCNR accounts. For FCNR deposits, the rate of interest also varies based on the currency the account is held in.

Opening a fixed deposit is beneficial for NRIs since it allows for:

Secure investments

A convenient way to deposit and save money earned in India via NRO fixed deposits

A safer way to grow your overseas earnings via NRE and FCNR fixed deposits

High returns

Types of fixed deposits

NRE Fixed Deposit

DBS Treasures NRE fixed deposit accounts enable you to earn competitive interest on your foreign currency earnings. DBS Treasures NRE fixed deposits are fully repatriable. Moreover, interest earned on NRE deposits is tax-free in India.

NRO Fixed Deposit

DBS Treasures NRO fixed deposit accounts allow for higher interest earnings on income earned in India while you are overseas. DBS Treasures NRO fixed deposits can be opened jointly with resident or non-resident Indians.

FCNR Deposit

When you are abroad and earning in foreign currency, you may still want to retain some of your funds in India. Your best option could be a Foreign Currency Non-Resident Fixed Deposit, commonly known as FCNR deposit. Deposit funds in foreign currencies and earn higher interest rates with an FCNR FD.

Interest Rates

NRE Fixed Deposits
Rates w.e.f. 7th November, 2020
NRO Fixed Deposits
Rates w.e.f. 2nd December 2020
FCNR Deposits
Interest Rate w.e.f 1st January, 2021
Deposits Terms and Conditions:

The Bank shall, on written request from all depositors, allow withdrawal of a Resident / NRO Term deposits and NRE / FCNR Deposits before the date of its maturity. The interest on prematurely withdrawn Resident/NRO Term Deposits and NRE / FCNR deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty.

However, no interest will be paid in case of NRE / FCNR Deposits prematurely withdrawn before the expiry of 1 (one) year from the date of deposit or its renewal.

Please note that pre-closure charges of 1% will be applicable on all Term Deposits booked / renewed on or after 15th April 2019.

For detail terms and conditions click here.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

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NRI Fixed Deposit (FD) Interest Rates Online | DBS Treasures

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DBS Treasures allows Non-Resident Indians to open NRI accounts and invest their money through fixed deposits at competitive interest rates. The interest rates are different for each type of term deposit account i.e. NRE, NRO and FCNR accounts. For FCNR deposits, the rate of interest also varies based on the currency the account is held in.

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Open NRI Fixed Deposit Online with DBS Treasures

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Open NRI Fixed Deposit Online with DBS Treasures

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NRI fixed deposit is a great way to invest money for Indians who live overseas. Open NRI Fixed Deposit Account online and get 4.50%* interest p.a and exclusive benefits.

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At a Glance

DBS Bank has Fixed Deposit Options for the Global Indian through which they can save money. Non-resident Indians have several Fixed Deposit Options to choose from, and DBS Bank has the following options:

NRE Fixed Deposit:

DBS Treasures NRE fixed deposit accounts enable you to earn high interest from your foreign currency earnings. DBS Treasures NRE fixed deposits are fully repatriable. Moreover, interest earned on NRE deposits is tax-free in India.

NRO Fixed Deposits:

You can grow your savings with DBS Treasures' NRO Fixed Deposits, through which you can earn competitive interest rates on your Indian Income. DBS Treasures NRO fixed deposits can be opened jointly with resident or non-resident Indians.

FCNR:

When you are abroad and earning in foreign currency, but still want to keep some of your funds in India, your best option could be a Foreign Currency Non-Resident Fixed Deposit, commonly known as FCNR deposit or FCNR account. Deposit funds in foreign currency and earn high interest rates at the same time with an FCNR FD.

Advantages of DBS Bank's NRI FD Account

Investment safe and secure

Ideal way to deposit and save money that is earned abroad

Certain FDs are exempt from tax

Nomination option allowed

High returns

Opening an NRI FD account

Depending on the type of FD, you can open DBS Bank's NRI FD either online or offline. All you need is to submit the right set of documents and open the account.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly

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NRI Fixed Deposits - Fixed Deposit Account in India

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DBS Bank has Fixed Deposit Options for the Global Indian through which they can save money. Non-resident Indians have several Fixed Deposit Options to choose from, and DBS Bank has the following options: DBS Treasures NRE fixed deposit accounts enable you to earn high interest from your foreign currency earnings.

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FCNR Account Interest Rates by DBS Treasures

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FCNR Account Interest Rates by DBS Treasures

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FCNR deposits in India offer competitive interest rates and are protected against currency fluctuations as the investments are held in foreign currency. Read on to know more in detail about FCNR Interest Rates with DBS Treasures.

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At a Glance

As Global Indians, one option you have when it comes to depositing your money is through a Foreign Currency Non-Repatriable (FCNR) account. DBS Treasures' FCNR Account is a convenient way of depositing this money, as the interest you earn is tax-free in India.

Furthermore, FCNR deposits in India offer a higher interest rates when compared with other countries.

To open FCNR deposit account, click here.

Features and Benefits

Tenures ranging from 1 to 5 years

Competitive interest rates

You can deposit in nine currencies

No minimum deposit amount

Interest earned exempt from income tax

Easy to open

FCNR Interest Rates
Interest Rate w.e.f. 1st September 2020
Deposits Terms and Conditions:

The Bank shall, on written request from all depositors, allow withdrawal of a Resident / NRO Term deposits and NRE / FCNR Deposits prior to the date of its maturity. The interest on prematurely withdrawn Resident / NRO Term Deposits and NRE / FCNR deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty.

However, no interest will be paid in case of NRE / FCNR Deposits prematurely withdrawn before the expiry of 1 (one) year from the date of deposit or its renewal.

Please note that pre-closure charges of 1% will be applicable on all Term Deposits booked / renewed on or after 15th April 2019.

For detailed terms and conditions click here.

Documents Required

Here are some of the documents needed to open FCNR deposits:

For NRI (Non Resident Indian)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages if any)

Proof of NRI status, by way of valid Employment / Residence Visa copy or Work / Residence Permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

For Seafarer: Current work contract and copy of CDC along with last page of disembarkation stamp & FEMA declaration is required confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly

Frequently Asked Questions

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FCNR Deposit Rates - Get FCNR Interest Rates in India

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As Global Indians, one option you have when it comes to depositing your money is through a Foreign Currency Non-Repatriable (FCNR) account. DBS Treasures' FCNR Account is a convenient way of depositing this money, as the interest you earn is tax-free in India.

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Open FCNR Fixed Deposit Account Online with DBS Treasures

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Open FCNR Fixed Deposit Account Online with DBS Treasures

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FCNR account allows NRIs to invest foreign currency in term deposits in India and earn tax-free interest. Enjoy exclusive benefits and features by opening FCNR Account today with DBS Treasures.

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At a Glance
Use your foreign currency to open FCNR deposits in India and earn higher rates of interest
When you are abroad and earning in foreign currency, but still want to remit your funds to India, one of the best option could be a Foreign Currency Non-Resident Fixed Deposit, commonly known as FCNR deposit . Deposit funds in foreign currency and earn competitive high interest rates at the same time with an FCNR FD.

Features & Benefits

Maintain your deposit in any of these nine currencies: USD, GBP, EUR, JPY, AUD, CAD, CHF SGD and HKD

Avail tenures ranging from 1 to 5 years

No minimum deposit amount

Deposit amount and interest earned are fully repatriable in NRE account

Interest earned on FCNR account is exempted from income tax and makes it tax efficient

Benefit from the higher interest prevailing in India

Internet banking facility, offering you 24-hour access to your account while ensuring the highest level of security and ease of transactions.

Mobile banking on the go from anywhere in the world.

Bank at any of our branches when you visit India using our inter-city banking facility

Click here to view the FCNR Interest Rates

Eligibility Criteria

Following individuals are eligible to open an FCNR deposit.

NRI (Non Resident Indian)

PIO (The Person of Indian origin) / OCI (Overseas Citizen of India)

Documents Required

For NRI (Non Resident Indian)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature and observation page, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

A Relationship Manager will reach out to you

Locate us Visit us at your nearest DBS branch

Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

Frequently Asked Questions

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FCNR Deposit: Open FCNR Fixed Deposit Account by DBS Treasur

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Use your foreign currency to open FCNR deposits in India and earn higher rates of interest When you are abroad and earning in foreign currency, but still want to remit your funds to India, one of the best option could be a Foreign Currency Non-Resident Fixed Deposit, commonly known as FCNR deposit .

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NRI Savings Account Fees and Charges by DBS Treasures

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NRI Savings Account Fees and Charges by DBS Treasures

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Check out the fees and charges you need to pay for maintaining your NRI Savings Account. Read on to know more about NRI savings account fees and charges with DBS Treasures.

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NRI Savings Account Fees and Charges

If you have a DBS Treasures NRE or NRO account, it always helps to be well-versed with the charges associated with it. At DBS Treasures, we believe in minimal service charges and total transparency so that you are able to see the NRI savings account fees upfront.

NRI savings account fees and charges

All below privileges are free of charge

* Monthly Account Statements (including duplicate statements)
* Cheque Book
* Branch Transactions
* Account Closure

* Debit Card Annual fees - Primary Holder
* Re-generation of Debit Card PIN
* Transactions at DBS / Non DBS ATMs worldwide

* NEFT & RTGS - Inward / Outward
* Inward & Outward Remittances^
* Outward - NEFT and RTGS Returns#
* Returned funds for unapplied outward / inward telegraphic transfer
* ECS / NACH return charges

DD / Collection services

* Cashier Order / Payable at per Demand Draft - Issuance / Reissuance / Cancellation^
* Stop payment of cheque
* FCY draft - Issuance / Reissuance / Cancellation^
* Foreign Currency cheque return
* Cheque collection under speed clearing upto and including Rs. 100,000

* Issuance of Foreign Inward Remittance Certiﬁcate
* Old Investigations
* Balance / TDS / Interest / Miscellaneous Certiﬁcates
* Telex / Swift enquiry
* Standing Instruction creation / Amendment
* Internet Banking enquiry / Transaction initiation services
* Charges post the free ATM transactions
* Transactions on DBS / Non DBS ATMs outside India

How to Apply

Apply Now A Relationship Manager will reach out to you shortly.

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NRI Savings Account Fees & Charges: NRE/NRO Account Charges

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NRI Savings Account Fees and Charges If you have a DBS Treasures NRE or NRO account, it always helps to be well-versed with the charges associated with it. At DBS Treasures, we believe in minimal service charges and total transparency so that you are able to see the NRI savings account fees upfront.

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Best NRI Savings Account Interest Rates by DBS Treasures

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Best NRI Savings Account Interest Rates by DBS Treasures

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Get competitive NRI account interest rates and over 40 privileges on opening an NRI savings account online with DBS Treasures. Read on to know more in detail about NRE and NRO Savings Account Interest Rates.

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NRI Savings Account Interest Rates

At a Glance

There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.

Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.

Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.

For senior citizens, above rates would apply.

For Basic Savings Bank Deposit Account, above domestic rates would apply.

How to Apply

Apply Now A Relationship Manager will reach out to you shortly

Frequently Asked Questions

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NRI Account Interest Rates: NRE / NRO Savings Account Rates

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NRI Savings Account Interest Rates There are many advantages to opening an account with DBS Treasures. You get competitive NRI account interest rates and over 40 privileges to choose from with an NRI savings account with DBS Treasures. Our NRE and NRO accounts have a host of features and they also offer preferential rates on remittances.

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Open NRO Savings Account Online with DBS Treasures

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Open NRO Savings Account Online with DBS Treasures

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An NRO account allows you to access and manage the income you earn in India. Open an NRO account with DBS Treasures and manage it online from anywhere across the world with several unmatched privileges.

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At a Glance

Deposit income earned in India in DBS Treasures Non-Resident Ordinary (NRO) Rupee Account and repatriate abroad up to USD 1 Million a year.

If you are living abroad and have sources of income in India, you definitely need a DBS Treasures Global Indian Non-Resident Ordinary Rupee account. This account is designed to help Global Indians manage their earnings in Indian rupees while they are based abroad. It is the ideal choice for you to park income earned from rental property, mutual fund dividends, pension, fixed deposits and similar other sources in India.

Funds in other currencies deposited into this account are auto-converted into INR. You can manage your NRO account online from any corner of the world, but funds can only be withdrawn in India.

Features and Benefits

NRO accounts are savings accounts in which funds are maintained only in Indian rupees, or INR

Foreign currencies deposited into NRO accounts are auto-converted into INR at prevailing foreign exchange rates

You cannot repatriate more than USD 1 million (taxes included) in a financial year from your NRO account

You get debit cards with the NRO account

Earn high interest rates of up to 5% per annum on savings parked in the account

NRO accounts can be opened as joint accounts with resident Indians

NRO accounts are ideal to park income earned in India from sources such as rent from property, interest earned on fixed deposits, dividends earned from mutual funds, pension income etc.

Interest earned on NRO account is taxable

Double Taxation Avoidance Agreement (DTAA)

While NRO accounts are not exempt from tax, account holders can avoid paying double taxes, thanks to the Double Taxation Avoidance Agreement (DTAA). If you are an NRI,any income that you earn in India will be taxed by the Indian government. However, you may also have to pay taxes on the same income in the country where you are living as an NRI. So, you could end up paying taxes twice on the same income. The Reserve Bank of India (RBI) has entered into a DTAA with several countries, as a result of which this payment of double taxes can be avoided.

As per the DTAA signed between India and several other countries, you only have to pay taxes once, at a rate fixed by the agreement. Therefore, if you as an NRI have earned income in India, the tax you have to pay will depend on the rates fixed in the DTAA with the country you live in.

India has entered into a DTAA with the several major countries where Indians typically live in. Here are taxes you have to pay, according to the country you live in:

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

The following individuals are eligible to open an NRO Savings Account:

NRI (Non Resident Indian)

An Indian citizen residing outside India for the purpose of: Employment, studies, business or vocation

Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings

Indian nationals who may be Mariners or Seafarers working on oil rigs or foreign registered airlines

PIO (Person of Indian origin) / OCI (Overseas Citizen of India)

Has held an Indian passport at any point of time

Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955

Is a spouse of an Indian Citizen or spouse of PIO

Documents Required

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa page, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

For Seafarer: Current work contract and copy of CDC along with last page of disembarkation stamp & FEMA declaration is required confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

How to Apply

Apply Now A Relationship Manager will reach out to you shortly

Frequently Asked Questions

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NRO Account: Open NRO Savings Account Online | DBS Treasures

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Deposit income earned in India in DBS Treasures Non-Resident Ordinary (NRO) Rupee Account and repatriate abroad up to USD 1 Million a year. If you are living abroad and have sources of income in India, you definitely need a DBS Treasures Global Indian Non-Resident Ordinary Rupee account.

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Open NRE Savings Account Online with DBS Treasures

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Open NRE Savings Account Online with DBS Treasures

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Transfer your overseas earnings to India and maintain savings in INR at a higher interest rate. Open NRE Savings Account Online with DBS Treasures and get exclusive benefits and privileges that go beyond traditional banking.

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At a Glance

Deposit your foreign earnings in India with DBS NRE Savings account. As a Global Indian, you may need a special bank account in which you can deposit your foreign currency earnings. With DBS Treasures Non Resident External Savings Accounts, you can deposit your funds in foreign currencies and so on and withdraw in Indian Rupees. Funds in this account can be freely repatriated any time, from anywhere in the world.

Open your NRE savings account individually or jointly with a Non-resident or resident Indian, freely transfer funds from a foreign country to India and earn competitive interest rates on your savings parked in the account. Invest online in mutual funds easily through your NRE Accounts.

Features & Benefits

Earn high interest rates of up to 5% per annum on savings parked in the account

Principal and interest amounts earned are fully and freely repatriable

Transfer money anywhere in the world easily and safely with internet banking services

Joint NRE account can be opened along with another Non-resident Indian or Person of Indian Origin (PIO) and operated on either or survivor basis.

Use your NRE account to make direct investments in India

Both principal and interest earned are tax free in India

Fees and Charges

Click here to view the fees and charges.

Eligibility Criteria

Following individuals are eligible to open an NRE Savings Account:

NRI (Non Resident Indian)

An Indian citizen residing outside India for the purpose of Employment, studies, business or vocation.

Individual posted in UN Organisation or official deputed abroad by Government of India or public sector undertakings

Indian nationals who may be Mariners or Seafarer working on oil rigs or foreign registered airlines

PIO (The Person of Indian origin) / OCI (Overseas Citizen of India)

Has held an Indian passport at any point of time

Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955

Is a spouse of an Indian Citizen or spouse of PIO

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages, if any)

Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Copy of Indian PAN card or Form 60

Recent passport size colour photograph

For Seafarer: Current work contract and copy of CDC along with last page of disembarkation stamp & FEMA declaration is required confirming NR status

For PIO (Person of Indian Origin)

Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, signature and observation page, if any)

Copy of valid PIO/OCI card or any other proof of PIO status (as per Customer Identification Policy)

Proof of Overseas and Indian Address (as per Customer Identification Policy)

Duly signed and filled-in PIO declaration

Copy of Indian PAN Card or Form 60

Recent passport size colour photograph

Documents Required

How to Apply

Apply Now A Relationship Manager will reach out to you shortly

Frequently Asked Questions

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NRE Accounts - Apply for NRE Savings Account Online

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Deposit your foreign earnings in India with DBS NRE Savings account. As a Global Indian, you may need a special bank account in which you can deposit your foreign currency earnings. With DBS Treasures Non Resident External Savings Accounts, you can deposit your funds in foreign currencies and so on and withdraw in Indian Rupees.

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Open NRI Savings Account Online with DBS Treasures

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Open NRI Savings Account Online with DBS Treasures

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NRI savings accounts are one-stop solutions for the global Indian working abroad. Open NRI saving account online with DBS Treasures, and get competitive interest rate & 40+ bespoke privileges.

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Open NRI Account Online in India with DBS Treasures

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NRI Account is a one-stop solution for the Global Indian working abroad. Open NRI Account online with DBS Treasures for the income you earn abroad and India.

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FCNR account allows NRIs to deposit overseas currency without fluctuations in foreign exchange rate. It also offers several benefits, from freely convertible foreign currencies to flexible tenures. Learn more about the benefits of FCNR Account with DBS Treasures.

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Key Takeaways: What is an FCNR (B) Account? As an NRI, you have several investment choices in India. One of them is a Foreign Currency Non-Resident (FCNR) deposit account for you to keep money in your desired currency. If you want to know more about the features and benefits of an FCNR account, please read on. Why invest in an FCNR (B) deposit?
Foreign Currency Non-Resident - FCNR (B) Account is a fixed deposit account that you, as a Non-Resident Indian, can open in the currency of your current residence country. With this account, you can earn a fixed rate of interest until maturity. In case your residency status changes to resident Indian, you can continue to hold an existing FCNR (B) deposit until maturity, but at a contracted interest rate[1].
Open an NRE Fixed Deposit Features and Benefits of an FCNR (B) Account:

Multiple currencies: You can book an FCNR (B) deposit in a freely convertible foreign currency as designated by the Reserve Bank of India (RBI)[2]. As of now, you can book this deposit in 9 currencies like USD, GBP, AUD, SGD, CAD, CHF, HKD, EUR, JPY.

Flexible tenure: You can choose from tenures from 1 year up to 5 years.

No minimum or maximum limits: You can open an FCNR (B) deposit without limitations.

High liquidity: The deposit amount and the interest earned in this account are fully and freely repatriable.

Tax-free: Interest earned on FCNR (B) account is exempted from income tax in India.

Fixed interest rates: The interest rate remains unchanged throughout the tenure of the deposit. It is compounded on a half-yearly basis.[3].

Documents Required to Open an FCNR (B) Account[4]:
Since there is no change in the type of currency, the risks arising out of exchange rate changes are mitigated. This means that if you open an FCNR (B) deposit with USD 35,000, you can withdraw it (and the accumulated interest) in without conversion.

Copy of passport

Proof of residency status (PIO/OCI)

Overseas address proof

Indian address proof (optional)

Copy of PAN card

Here are the documents you will need to open an FCNR (B) account:
Final Note: You can open an FCNR account in India to save money on taxes and get competitive interest rates. The funds are freely repatriable and you need not worry about currency conversion rates. In case of premature withdrawal, the RBI allows it; you will have to check with your bank on the procedure and charges.
The FCNR (B) account replaced FCNR (A) accounts in 1993. To know more about the difference, click here.

Get competitive interest rates on your DBS Treasures FCNR deposits. Apply Now

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6 Features & Benefits of FCNR Account Explained

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Key Takeaways: What is an FCNR (B) Account? As an NRI, you have several investment choices in India. One of them is a Foreign Currency Non-Resident (FCNR) deposit account for you to keep money in your desired currency. If you want to know more about the features and benefits of an FCNR account, please read on.

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Wire Transfer is an electronically conducted transfer of money that is useful to send & receive money anywhere in the world. It is a safer & faster way to transfer money than traditional options. Learn more about the steps on how to wire transfer money with DBS Treasures.

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How to Wire Money Quickly in 5 Easy Steps? | DBS Treasures

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How to wire money? Wiring money is one of the fastest ways to transfer money both domestically & globally. Know the 5 steps on how to wire transfer money at DBS Treasures!

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What are NRI Bonds? Benefits of NRI Bonds

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What are NRI Bonds? Benefits of NRI Bonds

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NRI bonds offer alternative investment options issued by RBI and sold by Indian banks overseas to the NRIs, which come with greater credit quality & reasonable returns. Know what NRI bonds are along with their features & benefits with DBS Treasures.

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Key Takeaways: In April, the Reserve Bank of India introduced the Fully Accessible Route (FAR) through which NRIs can now invest in specified bonds issued by the Government of India.
Non-Resident Indians around the world are constantly on the lookout for good investment options in India. While most of them invest in mutual funds, direct equity and real estate, many of them are keen to invest in the debt markets as well, particularly government bonds. And the good news is that they can now invest without restrictions or ceilings in specified securities issued by the Indian government. But before that, let's know more about NRI Bonds.

NRI Bonds were an option earlier specifically for NRIs. These were securities issued by the Indian government to raise foreign exchange from Indians abroad by offering reasonable returns with a sovereign guarantee. However, the last NRI Bond issue was in 2013.
How NRIs can invest in Indian bonds
Even though there have been no issues of NRI Bonds for a while now, you can still invest in government bonds through the Fully Accessible Route.

The Government of India issues tradable securities that carry an interest or coupon rate. These securities (treasury bills and bonds) have varying maturities from 90 days to many years. G-Secs, short for government securities, are considered safe investments because the government guarantees the interest and principal amount.
Open an NRI Savings Account In which securities can NRIs invest?
Till April 2020, government-issued bonds were not fully opened for NRIs. This changed after the RBI created a separate channel known as the 'Fully Accessible Route' (FAR) through which NRIs can invest in specified government securities without any ceiling or restrictions 1.
NRI Bonds: Capital Gains
NRIs can invest in all 5-year, 10-year and 30-year bonds issued by the GoI from FY20-21. The RBI will designate new tenures and issues from time to time for NRIs to invest.

NRIs can invest in capital gains bonds issued by REC and NHAI under Section 54EC to claim deductions on capital gains. These bonds have a three-year lock-in.
NRIs and Bharat Bonds
Another type of bonds NRIs can invest in are infrastructure bonds.
Why NRIs should invest in bonds?

Low risk
While bonds do carry credit and interest rate risk, G-Secs generally have lower credit or default risk.

Repatriable
Repatriation is often a cause of concern for most NRIs. Most NRIs prefer to invest in schemes in which their earnings can be repatriated. In the case of bonds, the returns are freely repatriable.

Debt mutual funds
If you are an NRI looking to invest in Indian securities that are relatively safe and yet offer attractive interest rates, then issues like the Bharat Bond FOF and Bharat Bond ETF are a good option. The underlying papers in Bharat Bond ETF & FOF are debt papers of CPSE (Central Public Sector Enterprise) and PSE (Public Sector Enterprise) companies.

NRIs may also invest in Indian Bonds through debt mutual funds. This alternate route is much more hassle-free and enables you to monitor your debt portfolio frequently. In case of NRI investments in debt mutual funds, the investment amount can be debited directly from your NRE or NRO account. When you exit the fund or redeem your investment, the amount is again credited back to the source account. NRIs can invest in mutual funds after submitting their FATCA declaration (Foreign Account Tax Compliance Act). Please check with the fund house if they allow investments by NRIs before deciding on the investment options.

Final Note: NRIs now have many options to invest in Indian bonds. The Fully Accessible Route allows them to put their money in government securities, which come with greater credit quality and reasonable returns.
Disclaimer: This article is published purely from an information perspective and it should not be deduced that the offering is available from DBS Bank India Limited or in partnership with any of its channel partners. The purpose of the Live eNRIched blog is not to provide advice but to provide information. Sound professional advice should be taken before making any investment decisions. The bank will not be responsible for any tax loss/other loss suffered by a person acting on the above.
There are many investment options in India, depending on your risk appetite. With DBS Treasures, you can choose any product and start investing at your convenience. Apply Now

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What are NRI Bonds? Features & Benefits of NRI Bonds | DBS Treasures

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Key Takeaways: In April, the Reserve Bank of India introduced the Fully Accessible Route (FAR) through which NRIs can now invest in specified bonds issued by the Government of India. Non-Resident Indians around the world are constantly on the lookout for good investment options in India.

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Everything you need to know about Outward Remittance

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Everything you need to know about Outward Remittance

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Outward remittances are the best way for you as an NRI to route your earnings back to your country of residence when you need them. Understand in detail about outward remittance and the different transactions that fall under it with DBS Treasures.

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Key Takeaways: What is an outward remittance? There are times that you may want to send funds back to your country of residence from your NRI account. These transactions fall under outward remittances and you can carry them out via an NRE or NRO account. Let us take a look at what is an outward remittance and the different transactions that fall under it. What is repatriation?
From India's perspective, any money which goes out of the country is categorised under an outward remittance. There are primarily two reasons why you would want to send money abroad. One, because you are a resident of India and want to support family or relatives staying abroad, e.g. tuition fees for your child's international studies. Two, you are an NRI looking to repatriate funds from an NRI account into your country of residence. In this article, we will focus on repatriation as a type of outward remittance.

Over years of living abroad, you may have accumulated funds in all your NRI accounts. You would have deposited your foreign earnings in an NRE account and your income in India into an NRO account. Now you want the money available to you abroad. That's when you will need to make an outward remittance from India to your country of residence. However, it is important to understand the documentation and compliance requirements so that you can transfer funds smoothly.
Open an NRE Savings Account Repatriation from an NRE account 1 Documentation required
All outward remittances from India come under the purview of RBI's Foreign Exchange Management Act (FEMA).

Since an NRE account is exclusively meant for your foreign earnings, you can transfer the money back to your country of residence at any time. According to the RBI, the funds in this account are fully repatriable and without an upper transaction limit.
Repatriation from an NRO account
Get in touch with your bank's representative who will assist you with the documentation. You will have to keep your NRE account information ready to complete the outward remittance form.
Documents required
To know about what more you can do with an NRE account, click here.

Any income you earn in India goes into an NRO account. The sources of income include proceeds from the sale of your house, rental income from your existing home in India, earnings from investments in the form of interest or dividends and cash gifts from resident Indian relatives. According to RBI, you can repatriate up to USD 1 million in any financial year. 2

Application Form for Repatriation

Here are the documents you will need to complete the outward remittance of funds from an NRO account 2:

Tax Certificates under Forms 15CA/15 CB

Form A2 (Declaration under FEMA)

Copy of PAN Card (Indian)

From your bank in the current country of residence:
Final Note: Outward remittances are the best way for you as an NRI to route your earnings back to your country of residence when you need them. Though you can initiate these remittances from both NRE and NRO accounts, the process is more seamless with the former. With benefits like full repatriation and unlimited transaction amounts, it is worth considering having an NRE account if you haven't got one already.
From India:

You can contact any reputed Chartered Account in India to help with the certificates mentioned above.

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Outward Remittance | NRI Repatriation: process and workflow

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Key Takeaways: What is an outward remittance? There are times that you may want to send funds back to your country of residence from your NRI account. These transactions fall under outward remittances and you can carry them out via an NRE or NRO account.

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Features and Benefits for NRI investing in NPS

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Features and Benefits for NRI investing in NPS

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Subscribing to the National Pension Scheme is a good way to plan for life after retirement and ensure your future financial health. But can an NRI invest in NPS? Read on to know more about NPS, features & benefits of investing in NPS with DBS Treasures.

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NRI National Pension Scheme – How can NRI invest in NPS

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NRI Pension Scheme – Why is NPS the best investment option for NRI’s. How can NRI invest in NPS. Know all about NRI Pension Scheme here @DBS Treasures.

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Which countries are best for a child's education?

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Which countries are best for a child's education?

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It is important to look at the courses being offered & also concentrate on the cultural enrichment it can provide your child. Countries like the UK, USA, & Denmark are among the best in the world when it comes to higher education. Read more to find out top picks with DBS Treasures.

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Key Takeaways: Selecting a school for your child? While it is important to look at the courses being offered, it is also equally important to concentrate on the cultural enrichment it can provide your child. Countries like the UK, USA, Sweden and Denmark are among the best in the world when it comes to higher education. Read more to find out our top picks. The United Kingdom
As parents, you naturally want to give your child a competitive advantage in every avenue. A foreign education can help your child develop a global outlook from a young age. Moreover, meeting people from other cultures will make your child adaptive to changing environments as they grow into adulthood. Here's a list of countries with the best education system as per a study conducted between January and April 2020 1.
The United States of America
UK is considered the world's leading study destination for international students. Home to some of the most prestigious universities, UK graduates are sought after by employers across the globe. Apart from an excellent education, your child will also get opportunities for personal and social development. During short holidays, students can participate in community sports events or literary, arts and music festivals. UK is also a great place to live for students because of its cultural diversity and widely connected public transport network.
Australia
Home to world-famous Ivy League schools and practical training institutes, USA is renowned for the academic flexibility it offers students. Its top universities encourage enrolment of international students and diversity so that learning is enhanced with new and different points of view. There are various student orientations and language-training programmes to ease new students into their courses. Some universities in USA even extend their students' stay after graduation so they can begin their careers in the same country. So if your child has set their sights on settling in the US, researching its top universities is a good place to start.
Netherlands
Whether it is technology or sports, Australia offers an all-round, enriching educational experience making it one of the top countries for international studies. A student can select from a vast number of courses based on career choices and personal interests. Of the top three countries on this list, student accommodation in Australia is the most cost-effective. With advances in technology and innovation, this country is gradually moving up the global education charts. If your child is looking for unconventional career choices (like marine biology), then Australia is where they can go.
Sweden
Ranked #4 among the best countries to study, Holland was the first non-native English speaking country to design and offer courses in English. With modern teaching methods and comparatively cheaper education costs, universities in the Netherlands get enrolments from around the world. If you are an EU student, you get a lot of benefits: you can work 32 hours a month, are eligible for a Euro 265 grant for student accommodation and can enjoy free transportation.
France
The Swedish education system emphasises on overall academic excellence rather than individual course grades. The teaching technique is focused on developing team-players who can have successful careers. Universities in Sweden offer free tuition to students from the EU, which is why a majority of enrollments are from these countries.
Denmark
France attracts a large number of international students every year, who flock to the country for both academic and cultural reasons. With over 3500 public and private higher educations institutions to choose from and nearly 1500 educational programs in English, France offers something for every student. France also has a rich history (its cities are filled with monuments and museums) and a vibrant culture; students can spend their university breaks taking in the sights and enjoying the local flavour.

Denmark is home to some of the finest art universities in the world and your child can take a variety of courses. Student life in Denmark thrives on a good social life thanks to the various events surrounding studies. Class group meetings take place outdoors and students are also encouraged to participate in sports like boating. While the people of Denmark are known to be generous and accepting of diverse cultures, student accommodation in this country is pocket-friendly and comfortable. Denmark is a great place to experience a vibrant student lifestyle while excelling in academics.
*Disclaimer: This article is shared purely from an information perspective. The data is sourced from websites like the World Economic Forum, Organisation for Economic Co-operation and Development and the Programme for International Students' Assessment, among others. We recommend you conduct extensive research before proceeding.
Final Note: By sending your children abroad, they will earn not only a degree but also a unique advantage that can open doors to innumerable opportunities. As the world becomes a smaller place with businesses expanding globally, a foreign education may just be what sets your child apart.

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Top 7 Best Countries for Child Education | DBS Treasures

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Key Takeaways: Selecting a school for your child? While it is important to look at the courses being offered, it is also equally important to concentrate on the cultural enrichment it can provide your child. Countries like the UK, USA, Sweden and Denmark are among the best in the world when it comes to higher education.

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If you live abroad and have roots in India, your residency status is either an NRI, PIO or OCI. Understand different Indian citizenship and residency status categories in detail with DBS Treasures.

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Key Takeaways: Learn about the differences between NRIs, PIOs and OCIs This article is your one-stop-shop for answers to all questions about different Indian citizenship and residency status categories. If you want to understand the differences between NRIs, OCIs and PIOs, read on. Who are NRIs?
The relationship between India and its ever-growing and evolving diaspora is a crucial one. The Indian diaspora wields considerable influence in their countries of residence and back home. Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCI) are among those who make up the Indian diaspora.

The term NRI is loosely used to refer to all Indians residing outside the country. However, an NRI is an Indian citizen holding an Indian passport and ordinarily residing outside the country. For taxation, an individual's residential status has to be determined under the Income Tax Act. While Section 6 of the I-T Act has no definition of who qualifies as an NRI, it does outline the criteria for an individual to qualify as a resident of India. Thus, all those who are Indian citizens but do not match the said criteria are categorised as Non-Residents Indians.

has been in India for 182 days or more during the previous year (i.e. financial year gone by), or

has been in India for 60 days or more in the previous financial year, in addition to having lived there for 365 days or more in the 4 years immediately preceding the said financial year.

As per the I-T Act, one qualifies as a resident of India if he or she:

Anyone who fails to fulfill the outlined criteria is classified as an NRI.
Open an NRI Savings Account Who are PIOs?
NRIs who wish to invest their money in India, send funds to family settled in India or safely park their income from sources in India (pension, rent, etc.) in bank accounts can consider opening an NRI account in India to do so.

Was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955; or

Belonged to a territory that became part of India after the 15th day of August 1947; or

Is a child or a grandchild or a great-grandchild of a citizen of India or of a person referred to in clause (a) or (b); or

Is a spouse of foreign origin of a citizen of India or spouse of foreign origin of a person referred to in clause (a) or (b) or (c)

Now let us try and answer the question - 'who is a Person of Indian Origin?' A foreign citizen (i.e. holding a foreign passport) who may have held an Indian passport at any point in time, or whose ancestors may have been Indian nationals, is referred to as a Person of Indian Origin (PIO). According to the Reserve Bank of India (RBI), a PIO is a person residing outside India, who is a citizen of any country other than Bangladesh or Pakistan or such other country as may be specified by the Central Government, satisfying the following conditions:
Who are OCIs?
Earlier, all PIOs were eligible to become Overseas Citizens of India (OCI) under the scheme launched by amending the Citizenship Act in 2005. Later came the 'Overseas Citizen of India (OCI) Cardholder' scheme in 2015, which ran in tandem with the previous one. The government then decided to merge the two schemes in 2015, such that all those who held a PIO card were deemed to be OCI Cardholders. PIO cards will continue to be valid for entry and exit to and from India up until 31st December 2021 and all PIO card holders are encouraged to apply for an OCI card.(1)

The Indian Constitution provides for only single citizenship, i.e., all those who are citizens of India and hold an Indian passport cannot simultaneously hold any other country's passport. However, with the growing demand for dual citizenship to be granted amid the Indian diaspora, the government introduced an Overseas Citizen of India (OCI) card under Section 7(A) of the Citizenship Act, 1955. It must, however, be noted that OCI is not 'dual citizenship' and does not confer political rights. The registered Overseas Citizens of India shall not be entitled to the rights conferred on a citizen of India under Article 16 of the Constitution either (equality of opportunity in matters of public employment).

According to this provision, a foreign national who was eligible to become a citizen of India on 26.01.1950, or was a citizen of India on or at any time after 26.01.1950, or belonged to a territory that became part of India after 15.08.1947, is someone who can apply for OCI card. Minor children of such persons are also eligible for an OCI card. However, if the applicant had ever been a citizen of Pakistan or Bangladesh, he/she will not be eligible for an OCI card.
Final Note: For all those residing outside India but looking for ways to stay connected to their roots, residency status categories listed earlier are a great option. All existing PIO cardholders must also switch to an OCI card by 31st December 2021, after which these cards will cease to be accepted.
What is the point of being an OCI cardholder? OCIs are entitled to a a multi-purpose, multi-entry and lifelong visa allowing them to visit India at any time, for any length of time and for any purpose. They have also been granted all rights in economic, financial and education fields, at par with NRIs, barring the right to acquire agricultural or plantation properties.

With DBS Treasures, you can open an NRI account remotely from the comfort of your home. Apply Now!

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NRI, OCI & PIO - Difference between NRI, OCI & PIO | DBS Treasures

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Key Takeaways: Learn about the differences between NRIs, PIOs and OCIs This article is your one-stop-shop for answers to all questions about different Indian citizenship and residency status categories. If you want to understand the differences between NRIs, OCIs and PIOs, read on. Who are NRIs?

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Documents required for NRI buying property in India

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Documents required for NRI buying property in India

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Buying real estate in India requires completing a few formalities and documentation. Know the list of important documents you will require at various stages from home loan processing to registration with DBS Treasures.

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Key Takeaways: Planning to buy property in India? Take a look at the documents you will require at various stages from home loan processing to registration. An important point to remember: As an NRI, you can buy residential or commercial property but you cannot buy agricultural plots, farmhouses or plantations. What are the documents you need before you buy real estate?
Many NRIs buy property in India for various reasons - as a long-term investment; as a place to stay during their visits home; as a way to remain emotionally connected to India or for their families back home. Once you embark on the process, you will realize that buying real estate in India requires you to complete a few formalities and documentation. Here's a quick checklist of what you will need at every stage.

Passport and/or OCI card: NRIs must show their Indian passport. If you hold a foreign passport, you can buy property in India provided you have a PIO (Persons of Indian Origin) card or an OCI (Overseas Citizen of India) card.

PAN Card: This is mandatory for property transactions.
How to execute a Power Of Attorney (POA)?
Power of attorney: NRIs must provide a power of attorney in case they're not in India for executing the purchase transaction. Please note that you will need a special power of attorney which is registered and notarized and not a general power of attorney to execute a property transaction.
How to fund your property purchase?
A power of attorney authorizes another person residing in India to complete the property transaction on your behalf. This POA needs to be signed by you in the presence of a consulate officer or notary in your country of residence. It will also have to be attested by them.
What documents do you need to get a home loan?
NRIs can fund their property purchases through inward remittances or through funds in a non-resident account. They can also take a home loan.

Copy of Indian passport and visa

In case an Indian passport in unavailable

PIO card if you hold a foreign passport

OCI card if your parents are citizens of India

Work permit / employment contract / appointment letter of your country of residence

Latest salary certificate / Payslips for the last six months

Latest income tax returns

Bank statement of NRE and NRO accounts for the last 1 year

Bureau report of country of residence

Power of attorney in the format provided by the bank (in case you are not in India for executing the purchase transaction)

Which property documents should you ask for?
To get a home loan, NRIs must furnish the following documents:

Title deed (in the seller's name). Some states have specific paperwork that you need to be aware of. For example, if you are planning to buy property in Bengaluru, you must check for e-Khata (in the seller's name) for property taxes.

Approved plan

Building permit

Occupation certificate (in case it is a ready building)

Older title deeds, if any

Updated encumbrance certificate

Share certificate (in case it is a cooperative housing society)

NOC from the society

RERA registration (if applicable)

For a smooth transaction and a hassle-free ownership experience, make sure you check and verify all the essential papers.
What are the documents required for registration?
If these documents are in order, then you can proceed to prepare the sale agreement for purchasing the property.
Final Note: *Disclaimer: This article has been shared purely from an information perspective and we recommend you conduct extensive research before proceeding. To ensure that your property transaction is hassle-free, you can consult a real-estate advocate in India. Keeping these documents with you will make the process simpler and faster, making your property buying experience a smooth one.
Besides your identity proof documents (like passport and PAN card), you will need to submit your current address proof documents (like utility bills) and passport size photographs for the sale deed registration.

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Important Documents Required For NRI Home Loan In India | DBS Treasures

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Key Takeaways: Planning to buy property in India? Take a look at the documents you will require at various stages from home loan processing to registration. An important point to remember: As an NRI, you can buy residential or commercial property but you cannot buy agricultural plots, farmhouses or plantations.

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5 Best Michelin Star Indian Chefs Restaurants Around the World

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5 Best Michelin Star Indian Chefs Restaurants Around the World

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For centuries, Indian cuisine was synonymous internationally with spices and hot curries. Now, a few Michelin-star chefs of Indian Origin are changing the way Indian cuisine is perceived. Look at the top five Michelin-star chefs of Indian origin with DBS Treasures.

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Key Takeaways: For centuries, Indian cuisine was synonymous internationally with spices and hot curries. Now, a few Michelin-star chefs are changing the way Indian cuisine is perceived. Here are the top five Michelin-star chefs of Indian origin who have elevated Indian cuisine. 'Zaika' and 'Rasoi by Vineet' by Chef Vineet Bhatia
That Indian cuisine has flavour, variety and depth is no secret but it has never been adequately showcased or celebrated in the world of fine dining cuisine. Over the last few decades, a few chefs of Indian origin have not only changed the way Indian cuisine is perceived but also won top honours for their culinary delights. Whether it is through their cookbooks or their restaurants, these chefs allow us to connect to our Indian roots and enjoy Indian fine dining cuisine with our family. Here's a look at the top five Michelin-star chefs of Indian origin.
'Junoon' by Chef Vikas Khanna
After gaining experience as an executive chef in the Oberoi Group, Mumbai-born Chef Vineet Bhatia opened 'Zaika' in UK in 1999 and was awarded the Michelin Star in 2001, becoming the first Indian chef and proprietor to receive the honour. His second venture 'Rasoi by Vineet' at Mandarin Oriental, Geneva was also bestowed with a Michelin star in 2009, making him the second British chef to hold Michelin stars in more than one country. Chef Vineet has since expanded his empire with 'Rasoi by Vineet' branches in Dubai, Mauritius and Moscow. He is the author of the cookbook 'Rasoi: New Indian Kitchen'. The food alchemist also served as the host of a travel and cooking-based show on FOX History & Traveller called 'Twist of Taste with Vineet Bhatia' in 2012. If you find yourself craving delectable dishes while you are away from home, head to one of his restaurants for an authentic Indian experience.
'Gaa' by Chef Garima Arora
Born and raised in Amritsar, Punjab and based in New York city, Chef Vikas Khanna is a big name in the global culinary world. Chef Vikas started his restaurant 'Junoon' in the Flatiron district in Manhattan, New York city in late 2010. The following year, 'Junoon' received its first Michelin star. Since then, Chef Vikas has repeated the feat for six consecutive years. His repertoire includes appearances on MasterChef India, MasterChef Australia, collaborations with Gordon Ramsay and cooking for the Obamas twice during their years in the White House, amongst other things. Apart from authoring several cookbooks including 'Essence of Seasoning', 'Khanna Sutra' and 'Young Chef', Chef Khanna also produced a documentary series called 'Holy Kitchens' which was showcased at Oxford, Harvard, Princeton, Columbia Universities and film festivals. He also produced and premiered a documentary called 'Kitchens of Gratitude' at the 69th Cannes Film Festival. So, whether you want to treat your kids with delicious Indian desserts or whip up a surprise for your friends, you can always rely on Chef Khanna's recipes to bring a smile on the faces of your loved ones.
'Tamarind of Mayfair' by Chef Alfred Prasad
An alumnus of Le Cordon Bleu, Paris, Chef Garima Arora is a woman of many talents, having worked with the likes of Chef Gordon Ramsay and Chef René Redzepi. She opened her restaurant 'Gaa' in Bangkok, Thailand in April 2017 and received a Michelin star in November 2018. 'Gaa' boasts of a modern tasting menu featuring traditional Indian cooking methods. Chef Garima holds the distinction of being the first female Indian chef to receive a Michelin star, while World's 50 Best Restaurants also named her Asia's Best Female Chef in February 2019. On your trip to Thailand, make sure to stop by 'Gaa' and savour her signature dish with strawberry, caviar and hor wor oil.
'The Song of India' by Chef Manjunath Mural
After completing his culinary degree in India and spending several years working with the Sheraton Group in New Delhi and Chennai, Chef Alfred Prasad joined 'Tamarind of Mayfair' in London as a Sous Chef in 2001. He was promoted to executive chef within a year. At the age of 29, Chef Alfred became the youngest Indian chef to be honoured with a Michelin star. He also held creative control of other famous Indian restaurants in London including 'Imli Street' and 'Zaika of Kensington'. He describes his style of cooking as 'delicately balancing creativity and authenticity'. Although Chef Prasad has not authored any cookbooks, you can find his recipes on the Great British Chefs website here. We recommend trying the herb-crusted baked salmon with fennel, baked eggs with minced lamb and peas and tandoori ananas for an authentic gourmet experience at home.

A culinary artist in a family of medical professionals, Chef Manjunath Mural represented his alma mater IHMCTAN, Bangalore in a national level cooking competition. He served as a chef in a five-star hotel in Mumbai and has also worked with Indian celebrity chefs Sanjeev Kapoor and Milind Sovani. Chef Manjunath moved to Singapore in February 2006, where he launched 'The Song of India' as a sous-chef under Chef Milind. Chef Mural holds the distinction of being the first Indian executive chef to win a Michelin star with 'The Song of India' being named the first Indian restaurant in Singapore to be bestowed with this honour.

What's more, he has been awarded a Michelin star four consecutive times since 2016. So, make sure to stop by 'The Song of India' on your next trip to Singapore with your family. The restaurant offers exquisite vegetarian and non-vegetarian tasting menus, degustation menus and a special menu called 'Journey through India'. Also, find some tasty recipes by Chef Mural here to polish your culinary skills.
*Disclaimer: This article has been shared purely from an information perspective and we do not necessarily endorse any of the mentioned recommendations.
Final Note: Food is indeed a powerful force that binds families together. Some of the strongest bonds, including new relationships, are often formed over delicious recipes; be it in your home kitchen or your favourite restaurant. So, if you're ever in UK, USA or South East Asia, and you find yourself craving some delicious Indian cuisine, you can consider stopping by any of the restaurants mentioned above. Additionally, you can buy their recipe books or follow their TV shows to try your hand at gourmet Indian cuisine at home. So, dig in and Bon Appetit!

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Top 5 Michelin Star Indian Chefs Restaurants Around the World | DBS Treasures

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Michelin Star Indian Restaurants: From 'Rasoi by Vineet' by Chef Vineet Bhatia to 'Tamarind of Mayfair' by Chef Alfred Prasad. Here is a list of restaurants owned by Michelin star Indian chefs we need to visit on your next trip to the destination.

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NRO accounts help you manage your investments, deposits or income earned in India. Opening an NRO account is easy; you can do it remotely in minutes and start enjoying the benefits instantly with DBS Treasures.

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Key Takeaways

An NRO account is a must-have if you are an NRI earning income in India from rent, dividend, interest, etc. Read on to know more about an NRO account benefits.

What is NRO Account?

Non-Resident Ordinary or NRO Accounts are savings, deposits or current accounts. NRO Accounts are held by NRIs to manage their income earned in India. As an NRI, you can deposit money in your NRO Account in Indian Rupees and other foreign currencies.

Features of NRO Account

The following are the salient Features of NRO Accounts:

You can use the NRO Account to deposit your income from your Indian income sources, such as rental income, Mutual Fund dividends payment, FD interest earnings, etc.

You can deposit the funds in INR and foreign currencies. Any foreign currency deposited into the account is automatically converted at INR at the applicable currency conversion rates.

You can freely repatriate or transfer the interest income earned on your NRO Account deposits whenever you like. There are no limitation on repatriating the interest income.

You can open an NRO Savings Account or an NRO Fixed Deposit Account jointly with a resident Indian family member on a former or survivor basis.

You can enjoy a higher rate of interest on NRI Savings Account balances as well as NRI Fixed Deposits, and get preferential currency exchange rates while transferring money internationally.

Benefits of NRO Account

There are several incredible benefits of NRO accounts. Here are some examples.

Your NRO Account is the ideal place to save your foreign earnings and park your Indian income sources. You can easily access this account to manage your Indian expenses whenever you are in India.

You can finance emergencies by pledging NRO Fixed Deposits as collateral against loans. By Pledging your FD as collateral, you stand to obtain loans at lower interest rates.

The Joint Account facility allows your dependents in India to manage your Indian expenses on your behalf, ensuring all your financial obligations in India are met through the funds parked in this account.

You can use your NRO Account to remit balances of up to USD 1 million (or its equivalent in other currencies) per financial year, along with your other eligible assets.

Open an NRO Savings Account

Attractive rates: DBS Treasures offers higher interest rates on NRI savings accounts and preferential rates on remittances.

Repatriate funds: If you have sold a property or liquidated investments and want to send the money to your country of residence, you can deposit the funds in an NRO account and transfer it abroad (up to USD 1 million a year). You may have to pay income tax in India and fill out repatriation forms.

Final Note

Opening an NRO account is easy - you can do it remotely with DBS Treasures in minutes and start enjoying the benefits instantly. Interested? Apply Now!

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NRO Account Features & Benefits: 6 Advantages of NRO Account - DBS Treasures

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An NRO account is a must-have if you are an NRI earning income in India from rent, dividend, interest, etc. Read on to know more about an NRO account benefits. Non-Resident Ordinary or NRO Accounts are savings, deposits or current accounts. NRO Accounts are held by NRIs to manage their income earned in India.

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The OTM system is the safest & most reliable way to invest in investments such as mutual funds and SIP. It provides some relief from forms and clearing bank payments manually. Learn more about the benefits and registration process for OTM with DBS Treasures.

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Key Takeaways: If you are an NRI looking to invest seamlessly in India, you need a One-Time Mandate (OTM). Let us understand what it is and how you can set it up. Benefits of an OTM Facility
The easiest way to invest in India, especially in mutual funds, is setting up a 'One Time Mandate' (OTM). It is a process through which you authorise your bank to debit money on request from authorised mutual funds. For mutual fund investments that utilise a Systematic Investment Plan, your bank or AMC will be unable to proceed without a bank mandate.

The OTM facility provides a more seamless way of investing in mutual funds. If you opt for the Systematic Investment Plan (SIP) route, which requires you to invest at regular intervals, an OTM is mandatory.
Open an NRI Savings Account Registration Process for OTM
It is a one-time registration process that takes a maximum of 10 days. Once registered, you can transact without filling out endless cheques or multiple auto-debit instruction forms.

Bank account details: This includes your bank account number and type of NRI account. You can choose only one account per form.

Bank details: These include the name of your bank and the branch in which you have an account. You will need to provide the IFSC code as well.

Upper limit: You need to mention an upper limit that can be transferred through this platform. This figure can be higher than your SIP contribution or a lumpsum payment.

Personal details: This includes your contact details and the names and signatures of all the account holders of the bank account mentioned above.

Investment details: You need to provide the folio number and the debit amount option (Fixed and Maximum). The former option is for investments like a SIP whereas the latter is better suited for lumpsum payments. You also need to mention the frequency, i.e. monthly, quarterly, half-yearly or as and when presented. The latter option gives you the flexibility to initiate a debit on your convenience. You can choose only one debit option (either fixed or maximum and not both.

Final Note: The OTM system is the safest and most reliable way to invest in investments such as mutual funds and the most convenient in case you want to invest in a SIP. It provides some relief from forms and clearing bank payments manually. *This article is for information purposes only. We recommend you take independent advice before undertaking any investment.

The registration process for OTM is straightforward; you will have to mention the below details on your form:

There are many investment options in India, depending on your risk appetite. With DBS Treasures, you can choose any product and start investing at your convenience. Apply Now!

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What is OTM - OTM (One Time Mandate) Meaning, Benefits and Process | DBS Treasures

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Key Takeaways: If you are an NRI looking to invest seamlessly in India, you need a One-Time Mandate (OTM). Let us understand what it is and how you can set it up. Benefits of an OTM Facility The easiest way to invest in India, especially in mutual funds, is setting up a 'One Time Mandate' (OTM).

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NRIs have multiple accounts for banking in India (i.e. NRE, NRO and FCNR). Each of these accounts fulfils different financial needs. Learn more about the importance, types & benefits of NRI Accounts with DBS Treasures.

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Key Takeaways: There are multiple accounts available for NRIs and each account has its own set of benefits. Read on to know more!
NRIs have many options when it comes to banking in India. Each of these options fulfil different financial needs.

Non-Resident External Account (NRE): While this account is maintained with funds originating from country of residence, the funds are held in INR.

Non-Resident Ordinary Account (NRO): Ths is an account held in INR from income earned within India (e.g. rent, dividends, etc.)

Foreign Currency Non-Resident Account (FCNR): NRIs or Persons of Indian Origin (POI) can make deposits in this account in any foreign currencies approved by RBI.

There are three types of NRI accounts:

Convenient for managing your money: All NRI accounts have their purpose so you can manage your money from any source, from anywhere in the world.

Remote and easy account opening: The documentation and process for opening an NRI account is completely hassle-free, and these accounts can be opened while staying abroad, which adds to their convenience.

Beneficial for reducing tax liability in India: Interest earned on NRE and FCNR accounts is tax-free in India, whereas the interest on NRO accounts is subject to taxes. Note that, income on these accounts would be taxable if the NRI does not have tax liabilities in another country[1][2].

Access to investments in India: The Fully Accessible Route (FAR) introduced by the RBI facilitates NRI investment in market-linked assets, allowing them to participate in the stock and debt markets in India.

Open an NRI Savings Account

High returns: NRI accounts and fixed deposits offer attractive interest rates. The interest earned in NRE and foreign currency accounts is tax-free.

Useful for repatriation: NRI accounts allow for the smooth movement of funds within India as well as overseas, making it convenient for NRIs who want their funds accessible from abroad and from India. An NRE account is fully repatriable, while funds in an NRO account are repatriable up to a limit of USD 1 Million in a financial year.

Benefits of NRI Account

NRIs with dependents in India: Funds can be made accessible to family members in India. Many banks offer competitive rates on remittances to India.

NRIs who wish to participate in the stock market: NRI accounts facilitate investments in the Indian stock and equity market.

NRIs who have income from the sale of assets in India: You can repatriate large amounts of money from the sale of property or investments in India back to your country of residence subject to the limits prescribed by RBI

NRIs with local sources of income: An NRO account is ideal for those who have some form of earnings in India, even as they work abroad. They can use the account to remit these earnings abroad. Do note that any amount you deposit in an NRO account is subject to Income Tax in India and will require documentation.

Final Note: NRI bank account benefits are linked to the type of NRI account. For example, FCNR deposits allow you to hold your foreign earnings in foreign currency, protecting you from exchange rate fluctuations. NRO accounts are good to manage rupee earnings, while NRE accounts are ideal to remit funds to India. *TDS rates mentioned in this article are applicable as of April 2020 and will be subject to change as per changes in Indian Tax laws and regulations. *This article is for information purpose only and is not a tax advice by DBS Bank. Sound professional advice should be taken before making any investment decisions. Bank will not be responsible for any tax loss/other loss suffered by a person actng on the above.

Who should open NRI Accounts?

NRI accounts are designed for the global Indian. All Indians living and working overseas can benefit from having an NRI account.

Would you like to open all or any one of these NRI accounts instantly? DBS Treasures offers 40+ lifestyle privileges with an NRI account. Know more!

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NRI Account Benefits: 6 Exciting Benefits of NRI Accounts

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Key Takeaways: There are multiple accounts available for NRIs and each account has its own set of benefits. Read on to know more! NRIs have many options when it comes to banking in India. Each of these options fulfil different financial needs.

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NSC and PPF are popular investments in India that provide stable returns at minimal risk. Can NRIs invest across both options? Read on to find out and know more about the difference between NSC and PPF with DBS Treasures.

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NSC vs PPF – 7 Differences Between NSC and PPF

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Understand the difference between NSC and PPF - popular investments in India. Can NRIs invest across both options? Read on to find out.

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FCNR (A) vs FCNR (B): The Real Difference

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FCNR (A) vs FCNR (B): The Real Difference

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FCNR account allows NRIs to invest foreign currency in term deposits in India and earn tax-free interest. Learn more about the difference between FCNR A & FCNR B accounts and the significance of holding an FCNR B account with DBS Treasures.

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Differences Between FCNR A & FCNR B Accounts Explained

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Differences between FCNR A & FCNR B helps you make the most of tax-saving investment option in India. Understand the differences between FCNR A & FCNR B to make an informed decision.

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Transfer of funds from overseas to India and back is known as a remittance. There are two types of remittance, and each has its own purpose. Read on to know more about the types of accounts you will need to facilitate these services with DBS Treasures.

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Key Takeaways: There are two types of remittances in India and each has its purpose. Read on to know more about what these are and the types of accounts you will need to facilitate these services.

As an NRI, you may send money to India for various reasons - to support your family, make investments or maintain an NRE account. This transfer of funds from overseas to India and back is known as a remittance.
Two Types of Remittances
There are two types of remittances based on the transaction purpose: Inward Remittance and Outward Remittance. Let us understand them briefly.

Inward Remittance: When your children are overseas and they receive funds from you, then it becomes an inward remittance for them. Similarly, when your parents in India receive funds from you (from overseas), the transaction becomes an inward remittance for them.

Outward Remittance: Any transfer out of a country is called outward remittance. For example, if your children are studying overseas and you transfer funds from your India account to support them, that is an outward remittance for you.

How do you choose?
When it comes to choosing the right bank for initiating an international money transfer, there are many factors to consider. For example, you might be looking for the quickest transaction time or preferential rates. Our detailed guide on International money transfer tips every NRI should follow will undoubtedly help you make the right choice.
Ways of sending money
While you can send money through cheques, demand drafts, telegraphic or wire transfers, many banks also facilitate online remittance. The best banks are those that have entirely paperless processes for more seamless and faster transfers. Even though you are miles away, you can still send money seamlessly and safely across borders.
Open an NRE Savings Account
The Reserve Bank of India (RBI) has issued guidelines regulating the inward and outward remittance in India. These transactions fall under the Foreign Exchange Management Act (FEMA). FEMA has put together a list of reasons for which you can send money to India or receive money (from India). These are the broad categories:

Donations (to India)

Gifts

Medical treatment

Educational programs

University tuition fees

Financial support

Travel expenses (for your loved ones)

Proceeds from domestic deposits/sale of assets (only applicable for NRIs and PIO)

Investing in India

Documentation:
For sending money abroad from India, banks request for a copy of the PAN card and the completed remittance form. If you are sending money to India, you will have to check with your local bank for the documentation.
Final Note: The RBI guidelines on FEMA get updated from time to time. Being aware of policy changes is necessary before initiating a remittance request. If you are looking for the best way to park your foreign earnings, you can open an NRE account. To know more, click here.
With DBS Treasures, you can transfer money overseas with our internet banking facities. Enjoy competitive remittance rates with same day transfers. Open an NRE account with us to get started. Apply Now!

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Remittance: Types of Remittances in India and their purpose

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Key Takeaways: There are two types of remittances in India and each has its purpose. Read on to know more about what these are and the types of accounts you will need to facilitate these services. As an NRI, you may send money to India for various reasons - to support your family, make investments or maintain an NRE account.

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IMPS, RTGS and NEFT, are three ways to transfer money within India. However, one should be aware of FEMA guidelines before initiating the transfer. Understand the difference between them and select the one which suits your requirements with DBS Treasures.

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Key Takeaways: IMPS, RTGS and NEFT are three ways to transfer money within India. But can NRIs use any of these? Find out what sets these three methods apart. Difference Between NEFT, RTGS & IMPS
When you have to transfer money from your NRE account / NRO account to a local savings bank account in India, you have three options. These are NEFT (National Electronic Funds Transfer)[1], IMPS (Immediate Payment Service) and RTGS (Real Time Gross Settlement). The type of transaction depends on the amount and urgency of the transaction. Given below are the differences between the transactions:
Open an NRE Savings Account Which method will work best for you?
*Charges may apply if the transfer is initiated at the bank's branch.

Your primary reason to transfer money to a local savings account in India may include investments or your family's financial needs. If you need to send smaller amounts urgently, use IMPS because the transaction is instantaneous. Please make sure that the recipient bank is enabled for IMPS transactions from NRI accounts, else please use NEFT. RTGS is extremely useful if you wish to make a high-value transaction, for example, to send money for buying a new house or a car for your parents[2].

Final Note: Whether to choose IMPS, RTGS or NEFT will depend on three factors; speed, amount and purpose. You should, however, be aware of FEMA guidelines before initiating the transfer. Before you use any of these options, you'll have to fund your NRE or NRO account. If you have to send money from abroad to these accounts, you can follow these tips to ensure smooth transactions.

With the help of NRE or NRO accounts, you can send money to your family in India. You can also repatriate funds abroad from your DBS Treasures NRE or NRO account. Apply Now!

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IMPS vs NEFT vs RTGS - Difference between NEFT, RTGS & IMPS

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Key Takeaways: IMPS, RTGS and NEFT are three ways to transfer money within India. But can NRIs use any of these? Find out what sets these three methods apart. Difference Between NEFT, RTGS & IMPS When you have to transfer money from your NRE account / NRO account to a local savings bank account in India, you have three options.

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Know Your Customer (KYC) is a mandatory procedure in India that allows an institution, companies and banks to verify the authenticity of the customer. Learn more about KYC guidelines, types, and objectives for NRIs with DBS Treasures.

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Key Takeaways: Meaning of KYC If you are an NRI looking to diversify your investments by investing in India, you should be KYC compliant. The KYC procedure is relatively simple and, once completed, lets you take advantage of a range of investment opportunities. Why is KYC Required?
KYC stands for Know Your Customer. It is a mandatory procedure in India that helps banks, insurance companies and other financial institutions verify prospective customers' addresses and identities before conducting transactions. It includes verifying the customer's identity, address, occupation, residential status, financial status and other personal details.
Types of KYC
The KYC process helps financial entities verify that investments/ transactions are being made in a real person's name. This helps cut down unlawful practices like money laundering, fraud or financing illegal activities. KYC compliance is required to open bank accounts, Demat and trading accounts, start fixed deposits or invest in mutual funds. It is even needed if you want to apply for a home or a personal loan.

Aadhaar based KYC (eKYC)

Offline KYC or In-Person-Verification (IPV) KYC

Centralised KYC (CKYC)

There are different types of KYC in India based on the verification process. These are

The eKYC process involves downloading the KYC application form from the KYC registration agency's official website and filling in necessary details, entering and verifying Aadhaar and mobile number using an OTP. While accepting consent declaration terms on the KYC form, you will need to upload an attested copy of your Aadhaar card.

You can complete your IPV in India through a NISM/AMFI-certified distributor who fulfils the Know Your Distributor criteria. Any bank can also do it for you. IPV involves physically meeting the certified distributor with your original documents.
Open an NRI Savings Account KYC Documents Required
In the Centralised KYC (CKYC) process, you will have to fill out an online CKYC form only once, upload scanned copies of your documents and submit them along with the completed digital form. You receive a 14-digit unique account number. The Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) stores your data in their online repository. The most significant benefit of CKYC is that you need not submit KYC forms each time you want to open a bank account or invest in mutual funds. Banks and Asset Management Companies will source your documents through your 14-digit CKYC account number.

Documents needed to complete a KYC procedure include a recent photograph, documents to prove NRI/PIO status, PAN card copy, Aadhaar card copy, Indian and overseas address proof.

Copy of passport

Copy of visa or work/residence permit

PIO or OCI card (for Foreign passport holders)

For proof of NRI/PIO status, you can submit:

Proof of Indian address can be established via

Passport

Bank statement of India or overseas bank (not more than three months old from the date of application)

Permanent overseas driving license

Utility bills like electricity, gas, water (not more than three months old)

Proof of overseas address can be established via
KYC Procedure
You can attest these documents by authorised officials of overseas branches of registered commercial banks, public notaries, magistrate or judge, or the Indian embassy/consulate general in your country of residence.

The KYC procedure involves in-person verification to verify an individual's identity, address, financial status and other personal details. You can begin by downloading the KYC form available on bank or mutual fund websites, AMFI and KYC Registration agencies.

Once you fill out the necessary information, you can submit it to your bank, where you hold your NRI account. You can either courier physical documents to your Relationship Manager or check with your bank if there is a convenient option to submit these documents online.

If any of the documents are in a foreign language, you may have to translate them into English before submitting them. If you have appointed a Power of Attorney (POA) (in India) to make investments on your behalf, then the POA holder should also be KYC compliant.

Final Note: Getting your KYC done is an essential step in your investment journey. The sooner it is done, the earlier you can begin making investments.

To begin investing in India, you will need an NRI account. At DBS Treasures, you can choose between NRE, NRO or FCNR accounts depending on your financial needs and get started remotely. Apply Now !

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What is KYC (Know you Customer) in Banking and How it Works | DBS Treasures

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Key Takeaways: Meaning of KYC If you are an NRI looking to diversify your investments by investing in India, you should be KYC compliant. The KYC procedure is relatively simple and, once completed, lets you take advantage of a range of investment opportunities. Why is KYC Required? KYC stands for Know Your Customer.

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Everything you need to know about FCNR Account

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Everything you need to know about FCNR Account

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FCNR account allows NRIs to deposit overseas currency without any foreign exchange rate fluctuations. Read more about the benefits and documents required to open an FCNR account online with DBS Treasures.

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Key Takeaways: What are the benefits of an FCNR account for an NRI? What are its features? This article explores an important investment avenue for all Non-Resident Indians.
FCNR account stands for Foreign Currency Non-Resident Bank (B) account. An FCNR account allows NRIs to invest foreign currency in term deposits in India and earn tax-free interest.

This is great for NRIs who live in countries where interest rates are low such as US, UK, Canada, Australia, etc. They can benefit from higher interest rates in India while holding their deposits in a foreign currency, thus protecting them against exchange rate fluctuations.

Foreign currency denomination: It is a foreign currency-denominated account. The money will continue to be maintained in the NRI's preferred choice of currency amongst those approved by RBI.

Term Deposit Account: FCNR is not a Savings but a Term Deposit Account. It has a minimum tenure of one year and a maximum tenure of five years.

Non-taxable: Interest income on these accounts is not subject to taxation as per Indian laws.

Free repatriation: You can freely repatriate both the interest and the principal income abroad.

Eligibility for loans: FCNR deposits make you eligible for loans in INR. These loans can be repaid from the maturity proceeds.

Account-holders: You can open an FCNR account with two or more joint NRI account holders.

Open an NRE Fixed Deposit
Features of FCNR accounts

Currencies permitted under the FCNR scheme[1]

USD

Pound Sterling

Euro

Japanese Yen

Canadian Dollar

Australian Dollar

Swiss Franc

Singapore Dollar

Danish Krone

Hong Kong Dollar and others

RBI permits the following currencies for FCNR accounts*

We recommend that you check with your bank if you can book a new FCNR deposit in your preferred choice of currency.

Documents required

A valid passport and a recent passport size colour photograph

Address proof in India (optional)

Address proof in your country of residence

A copy of your Indian PAN card or Form 60

Proof of NRI status - Employment / Residence Visa or Work/ Residence permit

Valid PIO/OCI card or any other proof of PIO status and signed in and filled in PIO declaration for PIOs

Additionally, for NRI seafarers - Current work contract and copy of CDC along with the disembarkation stamp on the last page & FEMA declaration

Final Note: An FCNR account allows you to deposit overseas currency, which removes any risk of foreign exchange rate fluctuations. You can repatriate funds to your current country of residence once the deposit matures. You can even take a loan against your FCNR account balance. As such, an FCNR account is a safe investment option. *The information is updated as of November 2020.

Apart from the basic eligibility of being an NRI or Person of Indian Origin (PIO), you need to furnish the following documents to open an FCNR account -

Are you looking to open an FCNR account remotely and quickly? Choose DBS Treasures. Apply Now!

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What is FCNR Account? Know Features & Documents for FCNR Account at DBS Treasures

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Key Takeaways: What are the benefits of an FCNR account for an NRI? What are its features? This article explores an important investment avenue for all Non-Resident Indians. FCNR account stands for Foreign Currency Non-Resident Bank (B) account. An FCNR account allows NRIs to invest foreign currency in term deposits in India and earn tax-free interest.

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PPF is a popular long-term saving scheme and one of the most tax-friendly investments. As an NRI, there are many queries like opening a new account or checking the status of their existing account. Check the latest PPF rules with DBS Treasures.

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Key Takeaways: Public Provident Fund (PPF) schemes are popular investments in India. As an NRI, you might want to know if you can open a new PPF account or if you can retain your existing PPF account. Here's all you need to know about PPF for NRIs. The 2017 PPF - NRI notification
The Public Provident Fund is a popular long-term saving scheme from the Government of India. It provides safe and guaranteed returns and is one of the most tax-friendly investments. As an NRI, however, you cannot open a new PPF account and invest in it. But in case you already had a PPF account before you became an NRI, then you can continue to hold it till the scheme's maturity.

A government notification released on 3 rd October 2017 amended the Public Provident Fund rules and stated that you will need to close the PPF account the day you become an NRI. It also said that if you choose to continue the account, the rate of interest accrued will be reduced to the rate applicable to the Post Office Saving Account (currently 4% per annum*).

Prior to this rule, NRIs (who had a PPF account as a resident Indian) could invest in the fund through an NRO account. They also enjoyed the same rate of interest given to a resident Indian, which was about 7.8% per annum in 2017.
Present PPF rules for NRIs
The government made amendments to this rule in 2018 and set out revised guidelines.

You cannot extend the account beyond maturity which is 15 years

Interest rates will be reviewed by the Government of India every quarter and can be changed

Interest earned is exempt from taxes

Procedure for withdrawal
As per the new rules set in 2018, as an NRI, you can continue your PPF account that you had opened while in India, but you cannot open a new account. Some of the other rules are as follow:

You can close the PPF account prematurely after five years to pay for your higher education or your child's higher education if your child is the primary account holder. Another instance where premature withdrawal is allowed is to pay for a medical contingency where you or your loved one is diagnosed with a life-threatening illness. Else, you can close your account after maturity and withdraw the funds. However, these funds are non-repatriable which means that you cannot transfer the money abroad.

To close the account, you need to submit the PPF withdrawal form, PPF passbook from your bank, photo identity card and a cancelled cheque from your NRO account to which you want the PPF balance credited. If you are not available to complete all formalities, then you can send a representative with an authorization letter. The documents need to be attested by your bank's branch manager before they are submitted.
Final Note: *Please note that the interest rates are applicable as on April 2020 and are subject to change. Disclaimer: This article has been shared purely from an information perspective and we recommend you conduct extensive research before proceeding. PPF combines fixed and safe returns with good tax efficiency. It's one of the few investments that is classified as Exempt, Exempt, Exempt (EEE) - your investments are tax-deductible; the returns are tax-exempt and so are the maturity proceeds. So, if you are an NRI with an existing PPF account, continue holding it by all means.
Once the process is completed, the funds will be transferred to your NRO account.

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New Public Prodvident Fund (PPF) rules for NRI in 2020 | DBS Treasures

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New PPF NRI Rules: Post changes in the PPF rules for NRI's in 2018, there are a lot of queries for NRI's who want to open a new account or check the status of their existing account. Here are the latest PPF rules NRI's need to follow in 2020

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An NRE account offers several benefits, including the facility to easily and quickly remit foreign earnings to India, tax exemptions, competitive interest rates, etc. Read on to know more about important NRE account benefits at DBS Treasures.

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Key Takeaways: An NRE account offers several benefits including the facility to easily and quickly remit foreign earnings to India. Read on to know more about an NRE account benefits. Benefits of NRE account
Even though NRIs live abroad, they have strong family and financial ties back in India. An NRE account helps NRIs easily manage their financial commitments in India, be it family expenses, investments or utility bills. You can deposit foreign currency earnings in your NRE account and withdraw in rupees to manage Indian expenses. The good thing is you can fully repatriate the amount you hold in an NRE account. Let us look at more NRE account benefits in this article.

Exempt from Taxes: The interest earned on the principal amount in an NRE savings account is tax free.

Free and easy transferability: If you wish, you can transfer both the principal amount and the interest from an NRE account to an account in a foreign bank without any restrictions. You can also transfer funds quickly from an NRE account to another NRE account or an NRO account.

Useful for Investments: You can use funds in this account to make investments in India. Whether it is equity or debt mutual funds, you can get started seamlessly.

Open an NRE Savings Account
What happens to your NRE account if you become a resident Indian again?

Joint Account Holding[1]: If both the account holders are NRIs, you can opt for joint account holding. You can also mandate a resident family member to operate the account on your behalf. However, please note that you can have a joint resident Indian account holder only on a 'former' or 'survivor' basis. This joint holder resident must be related, e.g., a parent.

Easy Withdrawal: With the help of an international debit card, you can withdraw money 24*7 from these accounts. You can also avail internet and mobile banking services that allow you to manage your money online.

Competitive Interest Rates: NRE accounts offer attractive interest rates. A DBS Treasures NRE account offers higher interest rates on NRE savings accounts.

Final Note: NRE accounts bring a lot of benefits to NRIs, helping them manage their India financial affairs more efficiently and seamlessly. *This article is for information purpose only and is not a tax advice by DBS Bank. Sound professional advice should be taken before making any investment decisions. Bank will not be responsible for any tax loss/other loss suffered by a person actng on the above.
Here are six benefits of an NRE account:

In case of a short visit, the NRE account can continue as it is. However, if you plan to become a resident Indian again, you would need to re-designate the NRE account to a resident account or a Resident Foreign Currency (RFC) account.

Would you like to avail preferential rates on remittances to India? With DBS Treasures, you can have access to better rates and faster international money transfers. Know more!

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NRE Account Benefits: 6 Advantages of NRE Accounts Explained

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Key Takeaways: An NRE account offers several benefits including the facility to easily and quickly remit foreign earnings to India. Read on to know more about an NRE account benefits. Benefits of NRE account Even though NRIs live abroad, they have strong family and financial ties back in India.

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Tax Implications for NRI Selling Property in India

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Tax Implications for NRI Selling Property in India

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If you are selling property in India as an NRI, you are liable to pay capital gains tax. However, you can invest it in specific ways to reduce your tax liability. Learn more in detail about tax implications with DBS Treasures.

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Key Takeaways: If you are selling property in India, you are liable to pay capital gains tax. However, you can invest it in specific ways to reduce your tax liability. You can also repatriate the proceeds abroad but within limits. Our tax guide to selling property tells you all that you need to know. Tax implications for NRIs selling property in India1
Like many NRIs, you may have invested in real estate in India during the property boom. Now, you have a good offer from a buyer and you decide to sell it. One of the crucial things for you to consider is your tax liability.

Long-term capital gains are taxed at 20%

Short-term capital gains are taxed as per your income slab

Your tax liability on a property sale will depend on how long you have held it. If you are selling a property that you have owned for more than two years, then you will incur a long term capital gains tax. For a property owned for less than two years, you must pay short term capital gains tax 2. The tax rates are as follows:
Tax deducted at source (TDS)*
Capital gains is the difference between your acquisition price and your sale price minus any expenses you may have incurred in making the sale (brokerage, stamp duty, registration charges, etc.).

When a resident buys property from an NRI, she/he must deduct TDS at 20% if the property has been held for more than two years and at 30% if the property is being sold within two years. The deduction must include TDS plus surcharge, health and education cess 3 .

Properties valued less than INR 50 lakh: Total tax 20.8% (including surcharge and cess)

Properties valued between INR 50 lakh and INR 1 crore: Total tax 22.88%

Properties valued above INR 1 crore: Total tax 23.92%

Ready reckoner for LTCG TDS rates
TDS at a lower rate
W.e.f. FY 2018-19, the finance ministry has announced a higher surcharge on properties valued above INR 2 crore. The applicable LTCG TDS rates are 25% and 37% for properties valued above INR 2 crore and INR 5 crore respectively.
Tax exemption
If tax deducted at source is more than your tax liability, then you can opt for a tax refund at the end of the year for the excess TDS. However, if you wish to avoid this cumbersome process, you can apply for a certificate that allows you to file for a lower TDS rate 4 . Please note that you must apply before you execute the sale agreement. The assessing officer will determine the TDS after calculating the capital gains. This will put the money in your hands instantly instead of waiting for a refund.
Repatriation of funds
Capital gains made through the sale of a property can be reinvested in India to reduce tax liabilities. If you invest the capital gains in buying another property within two years, then the profit generated from the sale is exempted from tax. Similarly, under section 54EC, you can invest the profit from the sale of property in Capital Gains Bonds within six months to get an exemption. These bonds offer an interest rate of around 5.75% p.a.* and have a lock-in of five years. 5
Final Note: *TDS rates mentioned in this article are applicable as of April 2020 and will be subject to change as per changes in Indian Tax laws and regulations. *TDS and interest rates mentioned in this article are applicable as of April 2020 and will be subject to change. Disclaimer: This article has been shared purely from an information perspective and we recommend you conduct extensive research before proceeding. Several professionally managed firms cater to international clients and provide property management services. You can avail end-to-end services from these experienced professionals who can help with taxation, regulatory compliances and money transfers.
If you wish to repatriate the proceeds from the sale of a property, you will need to submit Forms 15CA and 15CB. While you can fill out and submit Form 15CA yourself, Form 15CB has to be signed and submitted by a chartered accountant. You can repatriate up to USD 1 million a year outside India.

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nri selling property in india tax implications

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tax implications for nri selling property in india

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Tax Implications for NRI Selling Property in India: TDS, Tax Exemptions & Repatriation of funds | DBS Treasures

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Tax Implications for NRI Selling Property in India depends upon the duration for which NRI have owned the property in India i.e. more or less than 2 years. Know about tax deducted at source, tax exemption, repatriation of funds in detail at DBS Treasures now!