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Which is the best and worst bank for opening a NRE/NRO account in India?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 rohith asked about 3 years ago

Which is the best and worst bank for opening a NRE/NRO account in India?

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2 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered almost 3 years ago

Since now days every branch of same bank is connected via intra-bank networking, you can go to any branch and more often then not you can perform transactions, check balance, update address, telephone or mobile number, add nomination and can do several other tasks. Of course you can do most of them online and some of them offline by downloading form and courier to respective branch, some time it's quick to visit a branch. This accessibility is actually main reason why some one wants to open their NRE account on banks like HDFC, ICICI and SBI bank.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered almost 3 years ago

HDFC is one of reputed Indian bank, after ICICI and SBI, and their services and support are good quality. Unfortunately HDFC bank doesn't offer interest rates compared to YES bank, but it offer some good features and given it's accessibility you can also consider opening an NRE account in this bank. HDFC has very good online banking site and their customer support is also great.

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