NRE v/s NRO Accounts: Choosing the Right Savings Account for NRIs

A NRI bank account is a multifaceted tool which allows you to transact in India. Plus, there are many benefits too. Know what they are.

Easy transactions

With an NRI bank account you can invest in different avenues in India. You can also send and receive money from India through the account.

Interest earning

NRI accounts offer attractive interest rates on the balance maintained in the account. This interest is credited monthly and adds to your savings.

FEMA mandate

As an NRI, an NRE or an NRO bank account is a must for carrying out transactions in India. Your resident account becomes invalid as your residential status changes.

Tax benefits

With an NRE and FCNR bank accounts, you can enjoy tax exempted interest on your deposits. This makes NRI bank accounts tax-efficient too.

Easy repatriation

NRE bank accounts allow you to repatriate your funds fully and freely. The repatriation is easy and flexible.

Choose Metra Trust’s NRI Accounts. Unlock interest up to 7.25% p.a. with monthly credits and a privileged banking solutions designed just for you.