NRO Current Account

Overview

Federal bank introduces NRO Current Account, a variant composed to provide exceptional benefits and superior features, specifically designed to address the distinct financial needs of non-resident diaspora.

 

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Zero charges for domestic fund transfers via NEFT, RTGS, and IMPS.
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Free Email and Mobile Alerts
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Power-Packed Debit card with ₹ 50,000 daily limit for ATM withdrawal and ₹ 3,00,000 daily limit for POS/Shopping
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To receive income earned in India (Rent, Dividends, etc.)
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Multiple options to remit funds from India and overseas (Cash, NEFT, RTGS, SWIFT etc.)
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Easy repatriation of funds.
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Advanced digital banking channels for 24/7 convenience.
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Personal Relationship Manager support at GCC locations.
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Quick and hassle-free inward remittance services worldwide.
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Wealth Management Support for investment in Mutual Funds, PMS, Offshore investments etc. For more details log on to https://www.federalbank.co.in/wealth-management

Features & Benefits

Scheme Name

NRO Current Account

Eligibility

Non-Resident individuals, PIOs, OCIs eligible to open NRO Current Accounts.

Balance Requirement

Average Monthly Balance of ₹25,000 in the NRO Current Account or in the NRO Current & NRE Current together.

Debit card Type

Visa Classic Card :  Domestic Debit card

Debit card Limit

₹ 50,000 daily limit for ATM withdrawal and ₹ 3,00,000 daily limit for POS/Shopping

Debit Card issuance Charges

₹350+GST and subject to change from time to time

Debit card Annual Maintenance Charges

₹350+GST and subject to change from time to time

Cheque leaves

Free 40 Cheque Leaves per year

 

Account Maintenance Charges

 

Free

AMB Non-Maintenance Charges

 

Bank Charges and Rates | Fees and Charges | Federal Bank | India

R M Support at GCC locations

(Federal Bank Overseas Branches | Dubai | Abu Dhabi | Qatar | Kuwait | Oman

How to Apply

How to Remit Funds

Other NRE Savings Accounts