Axis Bank is the third largest private sector bank in India. The bank offers a wide spectrum of retail banking, corporate banking, and international banking services. Non-Resident Indians who move to foreign countries can open an NRI account with Axis Bank to save their money or for the convenience of international funds transactions. NRIs and PIOs can apply for an Axis Bank NRI account to manage their income received abroad or in India.
SBNRI is a business partner of Axis Bank. An NRI can apply for an NRE/ NRO account with Axis by filling up the form below.
NRIs and PIOs above 18 years of age can apply for an NRE/ NRO savings accounts with Axis Bank. They can open Axis NRI accounts in two ways as under:
Here are the steps for Axis Bank NRI account opening online:
If you are in India, you can visit a branch of Axis Bank to apply for Axis NRI accounts. Speak to Axis Bank NRI customer care representative. Fill the Axis Bank NRI account opening form and submit the documents to the bank.
Axis Bank NRI account interest rates are as under:
Use SBNRI app for a simple, fast and hassle-free NRI account application online. Here are simple steps to apply for an NRI account via the SBNRI App:
There are two types of savings accounts that Non-Resident Indians can open with Axis Bank – NRE account and NRO account.
Axis Bank NRE account is a Rupee denominated account for NRIs to park their income earned in foreign countries. It is one of the best NRE savings accounts in India. NRIs can deposit their foreign income in this account and earn tax-free interest in India. You can open NRE accounts online or visit the bank. Key benefits of Axis Bank NRE accounts are as under:
Axis Bank NRO savings account can be opened by NRIs to deposit and manage their India based income such as rent, pension, existing savings and dividend. Key benefits of Axis NRO accounts are as under:
Axis prime savings account has more exciting features and benefits than an ordinary or regular savings account, including enhanced transaction limits and lifestyle privileges. Benefits of the prime savings account are:
This account is exclusively crafted for mariners and seafarers. The benefits are extended not only for the account holder but for his family as well. Key benefits of an Axis Bank seafarer savings accounts are as under:
Axis Bank provides a range of choices for NRI accounts, allowing you to opt for either NRE or NRO accounts:
Axis Bank NRI Account minimum balance requirement varies based on account type as under:
| Account type | Minimum monthly balance |
|---|---|
| Prime savings account | Rs. 25,000 |
| Easy savings account | – Rs. 12,000 (Metro & Urban locations) – Rs. 10,000 |
| Mariner account | Rs. 10,000 |
| Priority Account | ₹2,00,000 quarterly or MRV (Minimum Relationship Value) of ₹4,00,000 |
| Burgundy Account | ₹10,00,000 quarterly or MRV (Minimum Relationship Value) of ₹30,00,000 |
Axis Bank offers top-notch customer care services for NRIs, standing out as one of the finest in the industry. If you require any details or assistance regarding NRI products and services, including Axis Bank NRI accounts, debit cards, and more, you can reach out to the dedicated Axis Bank NRI customer care team.
Due to lots of information and documentation required to apply for NRI accounts, Axis NRI account opening process is lengthy and cumbersome elsewhere. You can download SBNRI App to apply for Axis Bank NRI account opening online with nominal documentation in just 10 minutes.
You can also click on the button below for Axis Bank NRI Account opening online. Also visit out blog and YouTube Channel for more details.
It depends on your requirements. You can compare the features of NRI accounts offered by multiple banks to find the best. If you are confused, you can talk to banking experts at SBNRI to help you.
How can I open an NRI account in Axis Bank in the USA?You can apply for an Axis NRI account online on the bank’s website. Alternatively, you can visit the branch/ representative office of Axis Bank near you. For more information, you can dial Axis Bank NRI customer care team.
Is it mandatory for an NRI to open NRE account?When an Indian gets NRI status, he/she can’t operate the resident savings account as per RBI guidelines. It is essential for non-residents to open an NRI account – NRE account for foreign income and NRO account for India based income.
Can NRIs have a savings account?Yes, they can have an NRE or NRO savings account or both as per their requirements.
Can OCIs have an NRI account?Yes, OCIs can also open NRI accounts. They can apply for different NRI accounts such as NRE, NRO and FCNR accounts.
What are the benefits of NRI account in Axis Bank?NRIs can enjoy many benefits by opening Axis Bank NRI account:
– Tax-free interest income: Interest earned on Axis NRE account is exempt from income tax in India.
– Easy repatriation of funds: The funds in an NRE savings account can be easily repatriated (transferred) abroad without any restrictions.
– Joint account facility: NRIs can open a joint NRE savings account with other NRIs or residents of India. It helps to manage funds jointly with family members residing in India.
Axis Bank NRI account minimum balance requirements vary depending on the account type:
– Axis Prime account: Rs. 25,000
– Easy savings account: Rs. 10,000
– Mariner account: Rs. 10,000
Following are the different types of Axis Bank NRE accounts:
– Axis Easy Savings Account
– NRI Prime Savings Account
– Mariner Account
– Priority Account
– Burgundy Account
