Federal Bank Unveils NRE & NRO Current Accounts—Tailored Banking for Global Indians

Federal Bank Ltd has launched dedicated NRE and NRO Current Accounts to better serve the Non-Resident Indian (NRI) diaspora, offering seamless, high-limit banking solutions for global professionals, entrepreneurs, and remitters. The move is part of the bank’s broader strategy to deepen its leadership in cross-border banking and remittance services, where it already handles nearly 20% of India’s inward remittances.

 

The NRO Current Account is designed for NRIs earning income in India—like rent, dividends, or pensions—while the NRE Current Account supports international earnings with full repatriability. Both accounts offer zero charges on NEFT/RTGS/IMPS, high transaction limits, and dedicated relationship managers in GCC countries. Customers also benefit from real-time digital banking, wealth management support, and customized debit cards.

 

This launch complements Federal Bank’s earlier rollout of the Prospera NRE Savings Account, which offers ₹60 lakh insurance, airport lounge access, and travel discounts—positioning the bank as a full-spectrum NRI banking partner.

 

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Source: Federal Bank – NRO Current Account Overview