NRE SAVINGS ACCOUNTS
NRE Prospera
Federal Bank NRE Prospera Savings account is a unique banking experience crafted for NRIs.
Fed NRI Power
A powerful savings account for our NRI customers with new age banking channels including Internet banking, Mobile banking, Digital Passbook, Mobile & Email alerts.
Fed NRI Privilege
An exclusive power packed savings account for NRI customers having exciting features like unlimited DD and Visa Platinum Debit Card.
SB NRE Eve+
Federal Bank presents NRE EVE+, a savings account crafted exclusively for jet-setting women, who deserve nothing less than seamless financial freedom & unrivaled privileges.
NR Fedfirst
In a fast developing world, the aspirations of the youth are sky high. To partner with the next generation, Federal Bank has introduced a fully loaded product - NR Fedfirst . This product will act as a catalyst to teach our young ones the basic tenets of banking which includes the concept of Savings and Investment.
Fed NRI Care
Fed NRI Care is a basic NRE savings account for our NRI customers with low account balance requirement and new age banking channels
NR Seafarer Savings Account
Federal Seafarer account is a tailor made solution to all your ‘unique banking requirements and the best tool to manage your finance.
How to open a Federal Bank NRE Account Online?
Features of NRE Savings Account
Tax Benefits
Interest earned is exempt from Indian income tax
Repatriation
Free and full repatriation of principal and interest
Interest Rates
Competitive Interest rates on NRE Savings Account, compounded quarterly
Digital Banking
Free Internet Banking, Mobile Banking, Email & SMS Alerts
Debit Card
Mastercard Crown International / Visa Platinum / International Debit Card
Airport Lounge Access
Complimentary access with select Debit Cards
Fund Transfers
Free NEFT, RTGS, IMPS transfers
Customer Support
RM support at overseas locations
Account Opening
Online or offline with Passport, Visa, PAN, Address proof
Eligibility for NRE Savings Account
- Applicant must be a Non-Resident Indian (NRI), Person of Indian Origin (PIO), or Overseas Citizen of India (OCI).
- Valid proof of NRI/PIO/OCI status is required (such as Passport, Visa, or OCI card).
- Submission of identity and address proof as per bank guidelines.
- Account can be opened singly or jointly with other eligible NRIs/PIOs/OCIs.
How to Open an NRE Savings Account
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1Visit Federal Bank WebsiteGo to the official Federal Bank website or nearest branch.
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2Choose NRE Savings AccountSelect the NRE Savings Account option and review features.
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3Fill Application FormComplete the online or offline account opening form.
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4Upload/Submit DocumentsProvide passport, visa, address proof, and recent photographs.
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5Verification ProcessBank verifies your documents and eligibility.
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6Account ActivationOnce approved, your NRE Savings Account is activated and ready to use.
Documents Required for an NRE Savings Account
To open an NRE Savings Account, you need to provide the following documents:
Fees and Charges for an NRE Savings Account
Below are the key fees and charges applicable for Federal Bank NRE Savings Accounts:
For the complete and latest details, please visit Federal Bank Rates & Charges.
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