-> Permitted Currency – Indian Currency
-> Deduction of Tax at Source – Fully Exempted
-> Eligible to Open Account
1. National Resident Indian (NRI) and Person of Indian Origin (PIO)
2. Students gone abroad for higher study and continuing to stay there
3. Indians who are on deputation in abroad by Central or State government or public sector undertakings or working with an international agencies on assignments with foreign govt, IMF, WHO or economical/ social council.
4. Crew members of Indian Nationality or Indian Origin employed in foreign airlines or shipping companies, who are based at foreign ports and reside abroad
5. Crew members of Indian Airlines or Shipping companies who are posted abroad for performing duties
NB – Person of Indian Nationality or origin resident in Nepal are eligible for NRE account only if the remittance for opening and funding the account are remitted in any of the permitted currency expect Indian and Nepalese Rupees.