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Home > Accounts / Deposits > NRO Salary Account

NRO Salary Account

Overview:

  • For depositing India based current income in Indian Rupees in India
  • Account can be opened either individually or jointly with other NRIs / PIOs / OCIs
  • Account type permissible: Savings Bank
  • Funds deposited in the account will be in the form of fresh remittances from overseas or transfer from other NRE / NRO / FCNR (B) accounts
  • Interest income is subject to deduction of tax at source (at present @ 30.90%). In case, the customer is resident of any of those countries with whom India has a DTAA (Double Tax Avoidance Agreement), the tax will be deducted as per DTAA agreed between India and the respective country. Please click here for list of DTAA countries.
  • Additional benefits on NRI Home loan and Car loan
  • Waiver of various service charges
ELIGIBILITY CRITERIA
FEATURES & BENEFITS
INTEREST RATE
PROCEDURE TO OPEN AN NRO SALARY ACCOUNT
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NRO Salary Account

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