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There are two types of NRI Savings Account: Non Resident External and Non Resident Ordinary. Citibank offers two packages - Preferred or Citigold, based on the relationship balance maintained in the accounts.

Login to your Citibank Online Account. Under the Banking tab, click on Redesignate to NRO from the left navigation window. 2. Enter all the details as required, and click on the check box to proceed.

Citibank does not charge any amount for operating a savings account however there could be some fees levied if the minimum balance is not maintained. These charges are subject to change at the discretion of the bank from time to time.

Why Citi?Non-Resident External Deposit (NRE)Non-Resident Ordinary Deposit (NRO)TenureMinimum 365 days (1 year) Maximum 1825 days (5 years)Minimum 7 days Maximum 1825 days (5 years)Minimum Deposit Amount50005000Who can open an accountNRIs and PIOsNRIs and PIOs8 more rows

You can open a Citibank Suvidha Salary Account only if your organization has an on-going Citibank Suvidha banking relationship. Please check with the Human Resource or Payroll department of your company before applying. You can also click here to check if you are eligible to open a salary account with Citibank.

1. It is mandatory: As per the Foreign Exchange Management Act (FEMA) guidelines, NRIs cannot hold resident FDs. They must convert it to an NRO deposit account. There is a penalty if you do not get the conversion done.

To close an Account, simply contact your Account Manager or Documentation Specialist to discuss requirements and receive an Account Closure Checklist/Request form: Fill in all relevant fields on the Account Closure Form. Transfer funds via CitiDirect to zero the account balance.

When does a Citibank Salary Account get Converted to Regular Savings Account. If there is no credit of salary in your account for 90 days, your Citibank salary account would get converted to a Regular savings account. You would be required to maintain Net Relationship Value (NRV) of 1 Lakh Rupees from 91st day onwards.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232