make-payment-icon make-payment-icon
Compare Accounts
make-payment-icon make-payment-icon
If you are a new customer, click here
make-payment-icon make-payment-icon
Instant NRO Account Opening for existing NRE account holders
make-payment-icon make-payment-icon
Request Call Back

NRO SAVINGS ACCOUNTS

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 NRO Savings account with us and enjoy banking ! Curious about the key differences between NRE and NRO Savings Accounts? Get all the details you need!
Fed NRO Power

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

Explore More
Fed NRO Premium

Experience the fullness of banking with Contactless Debit Card, high ATM limits, free inward RTGS/NEFT transactions with Fed NRO Premium account.

Explore More
Important

Important


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.

Features of NRO Savings Account

Interest Earnings

Earn attractive interest on your Indian income, credited quarterly.

Multiple Account Variants

Choose from Fed NRO Power, Premium, or Privilege-each with tailored benefits.

Interest Rates

Competitive Interest rates on NRO Savings Account, compounded quarterly

Digital Banking

Free Internet Banking, Mobile Banking, Email & SMS Alerts

Debit Card

Get Debit Card with high ATM and POS limits.

Joint Holding Option

NRO accounts can be jointly held with a resident close relative, but on a “Former or Survivor” basis as per RBI rules.

How to open a Federal Bank NRO Account Online?

Seamlessly Open Your Federal Bank NRO Account Online!

earn how to open a Non-Resident Ordinary (NRO) account with Federal Bank from the comfort of your home.

Whether you're an NRI or PIO, learn how to manage your finances seamlessly with Federal Bank's online services.

Start your hassle-free banking journey today!

Learn More

Eligibility for NRO Savings Account

  • Applicant must be a Non-Resident Indian (NRI), Person of Indian Origin (PIO), or Overseas Citizen of India (OCI).
  • Valid proof of NRI/PIO/OCI status is required (such as Passport, Visa, or OCI card).
  • Submission of identity and address proof as per bank guidelines.
  • Can be opened jointly with a resident Indian only on a “Former or Survivor” (F or S) basis.

How to Open an NRO Savings Account

  • 1
    Visit Federal Bank Website
    Go to the official Federal Bank website or nearest branch.
  • 2
    Choose NRO Savings Account
    Select the NRO Savings Account option and review features.
  • 3
    Fill Application Form
    Complete the online or offline account opening form.
  • 4
    Upload/Submit Documents
    Provide passport, visa, address proof, and recent photographs.
  • 5
    Verification Process
    Bank verifies your documents and eligibility.
  • 6
    Account Activation
    Once approved, your NRO Savings Account is activated and ready to use.

Documents Required for an NRO Savings Account

To open an NRO Savings Account, you need to provide the following documents:

✔ Valid Passport: Copy of the first and last pages showing name, date of birth, nationality, and signature.
✔ Valid Visa / Work Permit: Employment, residence, or student visa as applicable.
✔ Overseas Address Proof: Utility bill, bank statement, or government-issued ID from the country of residence.
✔ PAN Card: Mandatory for all NRI customers.
✔ Recent Passport-size Photographs: As per bank specifications.
✔ FATCA/CRS Declaration: Including Tax Identification Number (TIN) or equivalent.

Fees and Charges for an NRO Savings Account

Below are the key fees and charges applicable for Federal Bank NRO Savings Accounts:

✔ Average Monthly Balance (AMB): Maintain the required balance as per account type.
✔ Non-Maintenance Charges: Applicable if AMB falls below the required level.
✔ Cash Handling Charges: Beyond free limits, charges may apply.
✔ ATM Transactions: Free transactions up to a limit; charges apply thereafter.
✔ Debit Card Annual Fee: Varies based on card type and features.
✔ Fund Transfers: NEFT, RTGS, IMPS – as per bank policy.
✔ Cheque Book & Other Services: Charges may apply beyond free limits.

For the complete and latest details, please visit Federal Bank Rates & Charges.

You might be interested

Recommendations for a safe and easy banking experience

Blog

Stay connected with the evolving landscape of banking innovations, enabling you to make intelligent financial decisions.

Learn More
Tutorial Videos

Immerse yourself in the nuances of banking with our tutorial video hub, providing step-by-step guidance on a wide array of products and services.

Learn More
Banking Bytes

Your go-to source for secure banking guidelines and a comprehensive understanding of the vast array of products and services in the banking sector.

Learn More