I'm looking to open an NRE account in India. I'm mainly looking for a decent interest rate and a bank that supports multiple local investment options.
ICICI, just go for it. Nice mobile app. Nice customer service. 6.5% interest rate on FD. Lounge access on keeping 5L account balance. Etc!
Hell No. Maybe you got lucky but I had nothing but problems with ICICI. I eventually moved to HDFC, and a year later ICICI tries to charge me for my closed account. That was another headache to get around.
Yes bank
I never put my money in Indian FDs because rupee depreciates by more than 6-8% every year so it’s a net loss. And in fact that is why indian banks are able to offer higher interest because they have forex reserves. Keep money here and even it is flat, it is growing compared to rupee.
HDFC is pretty responsive
Axis Bank is pretty good.
Agree. Axis bank customer service is awesome. And don’t go with Kotak bank. Dumb people. They took a month to open my account and then realized they opened NRO by mistake instead of NRE.
Hdfc
Tech Industry
Yesterday
36192
Worried that our top performer is an attrition risk. How do managers handle this?
Tech Industry
3h
618
Most competitive company to land a job at in 2024?
Tech Industry
11h
2703
Avoid teams with only Chinese or Indians especially with a Chinese/Indian manager
AMA
Yesterday
3583
I’m a professional coaster AMA
HDFC