who nri-account open-type of accounts

WHO IS NRI?

WHO IS AN NON-RESIDENT INDIAN [NRI]A Non Resident Indian (NRI) as per FEMA 1999 is an Indian citizen or Foreign National of Indian Origin resident outside India for purposes of employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period.An individual will also be considered NRI if his stay in India is less than 182 days during the preceding financial year.
A Person of Indian origin (PIO) is a citizen of any country other than Pakistan, Bangladesh or Sri Lanka. Who At any time held an Indian Passport, He or any of his parents or grand parents was a citizen of India,Is a spouse of an Indian Citizen or a person referred to above.

OPENING OF NRI ACCOUNT
HOW TO OPEN NRI ACCOUNTS WITH A BRANCH IN INDIATo open an NRE account please complete the account opening form and mail it to the branch of your choice alongwith ;
Passport copy
Visa/residence permit
2 photographs
initial money remittanceYour signature may be verified by anyone of the following;
Indian Embassy/consulate
Any person known to the Bank
Notary public
Any of our offices abroadYou can open
NRE Saving Bank a/c / Current Accounts
Fixed Deposits in Indian Rupees
Fixed Deposits in Foreign Currency
NRO accounts (Rupee accounts for crediting income in India )
You can authorise a resident to operate your account through a Power of Attorney or Letter of AuthorityNomination Facility available (Nominee can be a resident Indian also)

TYPES OF DEPOSIT ACCOUNTS
NRIs can open the following types of accounts with us
· NRE Rupee Accounts.
· Savings Bank.
· Current Accounts.
· Term Deposits (Interest Paid out Quarterly).
· Special Term deposits (Interest compounded Quarterly).
· Non-Resident (Ordinary) Account .
· NRO A/cs - Rupee Accounts for crediting income in India.
· Foreign Currency Non Resident Accounts.
· Fixed Deposits in Pound Sterling, US Dollar Euro Canadian Dollar and Australian Dollar
· Resident Foreign Currency Accounts.

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WHO IS NRI?
OPENING OF NRI ACCOUNT
TYPES OF DEPOSIT ACCOUNTS

NRE SAVINGS BANK A/C

FOREIGN CURRENCY NON-RESIDENT DEPOSIT ACCOUNTS

NRE TERM DEPOSITS

NON RESIDENT (ORDINARY ACCOUNTS)

RESIDENT FOREIGN CURRENCY ACCOUNTS

HOUSING LOAN SCHEME FOR NON RESIDENT INDIANS
NRI-CAR LOAN SCHEME
MISCELLANEOUS
REMITTANCES TO INDIA
NRI HOME LOAN