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NRO Savings Account

Federal Bank has a wide range of Savings accounts with smart features like Internet Banking, fund transfers, e-statements, online bill payments to make banking a smoother experience for our Ordinary Non-Resident (NRO) customers. Open an account with us and enjoy banking !

 

As per the latest RBI Guidelines, NRO accounts can be opened jointly with residents only on Former or Survivor (F or S) basis.  Existing accounts having Either or Survivor (E or S) status are now required to be changed to F or S status.  Based on this regulation, Bank is required to convert all NRO accounts with Resident joint holder to F or S status with immediate effect.  Customers holding such accounts are requested to contact the  branch where the NRO account is maintained and submit an application(click here to download) signed by the NRI and the Resident joint holder  to change the status of the NRO account from E or S to F or S, before 01st  September 2016. As this is a regulatory requirement, on or after 1st September 2016, the Bank will centrally modify the status of the account to F or S.  Thereafter, the account can be operated only by the NRI primary holder.

Fed NRO Power

Fed NRO Power
With features like Debit Card, free a/c statements and new age banking channels, it takes the hassle out of everyday banking

Fed NRO Premium

Enjoy the fullness of banking through free Debit Card, high ATM limits, free DD and free inward RTGS/NEFT transactions

Fed NRO Privilege

Exclusive features like Free Debit Card, Free Mobile & Internet Banking, and Free DD, this account is designed for our NRO Customers.