Core tool

Banking Guide

Indian NRI accounts and expat-friendly banks in your country of residence.

NRE / NRO / FCNR(B)Local banks by countryUPI and FEMA rules

Country

Netherlands

Local Banks

4 options

Rates

Which account should you open?

Open an NRE account to bring your foreign salary to India tax-free and repatriate freely. Open an NRO account to manage any income earned within India (rent, dividends). Use FCNR(B) to hold savings in foreign currency and avoid INR depreciation risk.

NRE vs NRO vs FCNR(B)

Key differences at a glance

Feature	NRE Account	NRO Account	FCNR(B)
Currency	INR	INR	Foreign Currency
Repatriable (principal)	Fully	Up to $1M/year	Fully
Repatriable (interest)	Fully	Partially (after tax)	Fully
Tax on interest (India)	Tax-free	Taxable (TDS 30%)	Tax-free
Source of funds	Foreign income only	Indian + Foreign income	Foreign income only
Joint holding with resident	Not allowed	Allowed	Not allowed
Best for	Parking foreign earnings	Managing India expenses	Avoiding currency risk

Interest Rate Comparison

1-year FD rates for NRI accounts. Loading...

FCNR(B) Multi-Currency Rates

GBP, EUR & CAD FCNR(B) rates — protect savings from INR depreciation. Indicative 1-year rates; verify on bank website before investing.

Bank	USD	GBP	EUR	CAD
ICICI Bank	5.10%	6.25%	4.90%	4.75%	Verify
HDFC Bank	5.05%	6.15%	4.75%	4.65%	Verify
SBI	4.40%	4.00%	2.75%	2.97%	Verify
Kotak Mahindra	5.08%	6.10%	4.80%	4.70%	Verify

Rates are manually maintained reference values. Click 'Verify rates' for the current official rate from each bank.