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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.
+1
Agree with this
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
HDFC