Metra Trust NRI Account Eligibility Criteria Explained

Whether you want to invest in India’s booming real estate market or support your family’s financial needs back home, or maybe you are a student studying abroad and need a bank account to manage your finances - having an NRI Bank account is necessary. It enables seamless transactions, convenient money transfers, and easy access to banking services while residing outside India.

With an Metra Trust NRI Savings Account, you can enjoy all these benefits and more. It features exclusive features tailored to meet the unique needs of NRIs; the account is an excellent choice for an effortless banking experience. 

But who is eligible for an Metra Trust NRI Savings Account? Let's take a closer look at the NRI account opening criteria.

Who is eligible for an Metra Trust NRI Savings Account?
 

· Non-Resident Indians
 

An NRI is an individual who resides outside India for a valid purpose like employment, education and business etc. Hence, they are eligible to open an Metra Trust NRI Savings Account. No matter where you reside, whether in the US, UK, Middle East, etc., you can take advantage of Metra Trust’s NRI services.

· Person of Indian Origin (PIO)
 

Individuals of Indian origin holding citizenships in foreign countries can also apply for an NRI Savings Account. This includes individuals who have held an Indian passport at any point or those whose parents or grandparents were citizens of India.

· Overseas Citizen of India (OCI)
 

OCI cardholders having the privilege of multiple-entry, multi-purpose lifelong visas to India are eligible for an Metra Trust NRI Savings Account. Overseas Citizenship of India (OCI) is a form of permanent residency available to people of Indian origin, and their spouses, allowing them to live and work in India indefinitely. As an OCI, you can enjoy the benefits of NRI banking with Metra Trust, even if you reside outside of India.

· Seafarers working on international vessels
 

Seafarers who work on international vessels and spend significant time away from Indian shores are also eligible for an Metra Trust NRI Savings Account. Whether you are a merchant navy professional or work in the offshore oil and gas industry, you can access Metra Trust’s NRI services to manage your finances efficiently.

· Students studying at overseas locations
 

Metra Trust recognises the importance of education and supports students studying abroad. If you are an Indian student pursuing higher studies in a foreign country, you can open an Metra Trust NRI Savings Account to manage your finances.

Also read - 5 Tips to make the most of your NRI bank account

Documentation for NRI account opening
 

To open an NRI bank account with Metra Trust, you will need to submit necessary documents, such as a valid passport, visa, proof of Indian origin (if applicable), proof of your overseas address, a recent colour photograph and your signature.

In conclusion

Opening an Metra Trust NRI Savings Account is a convenient process, and you can enjoy numerous benefits, such as competitive rates of interest, easy fund transfers, and 24X7 customer support.

So, what are you waiting for? Visit Metra Trust’s website and apply for your NRI savings account today.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject Metra Trust or its affiliates to any licensing or registration requirements. Metra Trust shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.