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Manage your local funds at your own convenience.

parivaar account
parivaar account

Manage your local funds at your own convenience.

An account that gives you easy accessibility

Get easy access to your deposits and manage local INR funds.

Features

FAQs

  • An NRO account is an account for NRIs where they can manage their income in India like rent, pension, dividends or other sources. The funds are held in INR but can be repatriated abroad (upto certain limits)

  • An NRO account enables the NRIs to easily manage their income earned in India and carry out transactions in India or abroad. The Standard Chartered NRO Savings account comes with the following benefits:

    Free VISA Platinum Debit Card with unique features and benefits
    Free Net Banking and Phone Banking which enables 24/7 access to your account, carry out transactions or view your account statement at your own comfort
    Free banking facility that allows you to carry out transactions anywhere in India
    Free monthly account statements
    Interest earned on funds held in an NRO Savings account is fully repatriable (after tax)

  • The minimum amount required to open an NRO Savings Account with Standard Chartered Bank is 25,000 INR.

  • Interest rates are subject to change.

    Please visit https://www.sc.com/in/deposits/interest-rates/#sc-lb-module-fee-and-rate-2 for updated rates.

  • Yes, unlike an NRE account, the interest earned in the NRO account is subjected to the tax deduction as per the applicable tax rates.

  • Yes, you can have joint account holders for NRO Savings account, the joint account holder can be an NRI or even a resident Indian

Important information

  • Not available at H2-Connaught Circus, New Delhi, 110 001 and XXIV/1633, K.P.K. Menon Road, Willingdon Island, Cochin – 682 003
  • Standard Chartered online banking is not available for access from Saudi Arabia. This is due to a regulation by the Saudi Arabian monetary authority.