IDFC FIRST Bank launches zero-fee USD and EUR Global Savings Account for NRIs.

Key facts

• IDFC FIRST Bank offers the IDFC FIRST Global Savings Account in USD and EUR through GIFT City, Gujarat for Non-Resident Indians.
• Both the principal and the interest earned are freely and fully transferable to overseas bank account without any limits or restrictions.
• The account allows holding funds in USD or EUR without conversion risk and with global flexibility.
• Zero remittance fee is charged on transfers from the account.
• Interest earned is TDS exempted for NRIs on the FIRST Global Savings Account and fixed deposits.
• The USD Savings Account currently offers an attractive interest rate of 4.75%.
• Monthly interest credit results in monthly compounding interest earning for customers.
• Customers can book USD and Euro fixed deposits at attractive rates.
• A single mobile banking app manages both NRI and GIFT City Global Savings accounts.
• Integrated banking experience provides a single Relationship Manager for NRI and GIFT City banking needs.