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- NRI Banking
- Treasures Private Client
from USA
At a Glance
Exceptional job prospects, exemplary academic and healthcare infrastructure, higher standard of living –are just a few out of the umpteen attributes that attract Indian immigrants to the United States of America. As a Non-Resident Indian residing in the USA, you can conveniently manage your finances in India with DBS Treasures NRI Savings Accounts.
DBS Treasures offers NRE and NRO Savings Accounts for the global Indian based abroad. Enjoy competitive interest rates of 3% on your NRI Savings Account Deposits, along with preferential forex rates on Remittance to India and 40+ exclusive privileges with your DBS NRI Accounts.
NRI Savings Account in USA – Features & Benefits
FCNR Deposits: Park your USD safely in DBS Treasures’ Foreign Currency Non-Resident (FCNR) Deposit Accounts and earn interest income in the deposit currency. Choose from 6 major currencies for your FCNR Deposits.
Taxation: Get tax exemptions on NRE Account interest income. Interest on NRO Account deposits is subject to Tax Deducted at Source in India.
Remote Account Opening: Open NRI Savings Account from the comfort of your home in the USA with assistance from our team of dedicated Relationship Managers.
NRE Savings Account in USA
Securely park your USD in a rupee-denominated Non-Resident External (NRE) Accounts, wherein the funds deposited are automatically converted to INR. You may also repatriate the funds in the account to the USA anytime.
NRE Account Features
- Get 3% interest on NRE Account deposits and open high-interest generating NRE Fixed Deposits.
- Enjoy 100% repatriation of deposits and interest income on funds in the NRE Savings Bank Account back to the USA.
- Open the account jointly with another NRI or Person of Indian Origin (PIO).
NRO Savings Account in Canada
Whether it is your Indian income sources like rental income, pension income or gains and dividends from Mutual Funds, you can manage them all with DBS’ NRO Savings Bank Accounts. You can also manage your Indian expenses like loan EMI repayments, bill payments, Insurance premium payments, etc., by depositing USD in the NRO Account.
NRO Account Features
- USD deposited is automatically converted to INR at applicable forex rates.
- Get 3%* p.a. interest on NRO Account deposits.
- Open NRO Fixed Deposits from funds in the account.
How to Open NRI Savings Account in USA
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Frequently Asked Questions
Yes. You can jointly open an NRI Savings Account with another NRI, Person of Indian Origin (PIO), or Resident Indian.
Yes, you can appoint a Resident Indian as your Power of Attorney. Such a person can conduct limited payments and transactions on your behalf.
DBS Treasures offers Mutual Fund investments across India. Just fill out a Foreign Account Tax Compliance Act (FATCA) form and furnish a tax identification number from the USA. Once all processes are complete, you can start investing.
