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- NRI Banking
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At a Glance
Dubai’s proximity to India, coupled with its exciting employment opportunities, make it an attractive destination for Indian immigrants. As a Non-Resident Indian in Dubai, United Arab Emirates, you can earn in AED and save your funds in INR in DBS Treasures NRI Accounts. You can choose from two types of NRI Bank Accounts with DBS Treasures and manage your Indian finances and expenses conveniently from overseas.
NRI Account in Dubai – Key Highlights
- Securely park your AED in Rupee-denominated NRE and NRO Accounts in India.
- Enjoy competitive interest rates on NRI Account deposits and get guaranteed returns on NRI Fixed Deposits.
- Get preferential rates while making remittances to India
- Avail emergency medical assistance for your dependents in India40+ exclusive lifestyle privileges with DBS NRI Accounts.
- Access your NRI Accounts 24x7 via the DBS internet banking platform and mobile application.
Types of NRI Accounts
NRO Account
The Non-Resident Ordinary Rupee (NRO) Account is ideal for NRIs with Indian income sources and expenses. You can park your income earned in India from sources such as properties rented in India, pension, mutual fund gains and dividends, returns on other investments, etc., in the NRO Account. You can also use funds from the account to pay for expenses and investments in India. Also, repatriate up to USD 1 million in a financial year to AED under the Liberalised Remittance Scheme. The interest income on NRO Accounts is tax deducted at source (TDS).
NRE Accounts
Our Non-Resident External (NRE) Account lets you park your UAE earnings into a rupee-denominated account. The AED is auto-converted to Indian Rupees. You can freely and fully repatriate the funds deposited back to the US. Also, repatriate the 100% tax-free interest earned in the NRE Savings Account. Earn competitive interest rates on funds deposited and open NRE and FCNR FDs conveniently. You can open the account individually or jointly with another NRI and assign a Power of Attorney in India.
NRI Account from UAE – Easy Account Opening Guide
Open NRI Account online from UAE remotely with DBS Treasures. Simply fill our online account opening form. A DBS Relationship Manager will contact you and assist in the NRI Account opening process. You need to provide basic documents like your Indian and UAE ID and Address proofs, valid Visa, work, or residency proof, etc., to open your NRI Account from UAE. If you choose to open the NRI Account from UAE, you must get your documents attested by the UAE Embassy.
How to Open NRI Account for Indians in Dubai, UAE
Open NRE Account | Click Here
Open NRO Account | Click Here
Frequently Asked Questions
Non-resident Indians (including seafarers, mariners, and employees of overseas airlines), Persons of Indian Origin (PIO), and Overseas Citizenship of India (OCI) cardholders can open NRI Accounts.
Yes. There is no specific upper limit on the money you can transfer with NRE Accounts. However, NRO Accounts allow remittances of USD 1 million per financial year.
Yes, you can. The nominee can be an NRI, a Resident Indian, a PIO or OCI as well.
