How Much is Axis Bank NRI Account Minimum Balance?

Axis Bank offers various types of NRI accounts—NRE (Non-Resident External), NRO (Non-Resident Ordinary), and FCNR (Foreign Currency Non-Resident) accounts. Here are details for Axis Bank NRI minimum balance for each account type.

What is the Axis NRI Account Minimum Balance?

The NRI account minimum balance Axis Bank requirements vary depending on the type of account and the branch location.

NRE/NRO Savings Account: The minimum average monthly balance (AMB) requirement for Metro/Urban Branches is Rs. 12,000, and Rs. 10,000 (All Other Locations)

If the account holder fails to maintain the required balance, non-maintenance charges may apply. These charges typically vary depending on how much the balance falls short of the required AMB.

Axis Bank offers options like converting the savings account to a fixed deposit or investing in other financial products to avoid these charges.

Benefits of Axis Bank NRI Accounts:

• NRE Account: Offers tax-free interest income in India, and funds are fully repatriable.

• NRO Account: Allows you to manage income earned in India (e.g., rent, dividends) with partial repatriation allowed.

• FCNR Account: A fixed deposit account in foreign currency, protecting against exchange rate fluctuations.

The AMB is calculated as the sum of the daily closing balance divided by the number of days in the month. Ensure timely deposits to maintain the required AMB, especially if you have automatic payments or investments linked to your account.

Understanding these requirements can help you avoid penalties and ensure seamless management of your NRI funds. This is all about Axis Bank minimum balance for NRI account.

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Wondering what is Axis Bank NRI account minimum balance? It offers various types of NRI (Non-Resident Indian) accounts, each with its own minimum balance requirement. Generally, it starts from INR 10,000. Scroll down to get the minimum monthly balance based on the different types of account.

What is Axis Bank NRI Minimum Balance?

Here are some common types of NRI accounts offered by Axis Bank along with their minimum balance requirements:

• The minimum balance requirement for an NRE (Non-Resident External) Savings Account with Axis Bank can vary depending on the branch location and type of account variant. Generally, the minimum balance requirement for an NRE Savings Account starts from INR 10,000.

• The minimum balance requirement for an NRO (Non-Resident Ordinary) Savings Account with Axis Bank also varies based on the branch and type of account variant. Typically, the minimum balance for an NRO Savings Account ranges from INR 10,000 to INR 25,000.

You can check out the Axis NRI account minimum balance from the below table:

FCNR Deposit Accounts are maintained in foreign currency, and the minimum balance requirement is usually specified in the respective currency. The minimum balance for FCNR Deposit Accounts can vary depending on the currency and type of deposit.

It's important to note that minimum balance requirements may vary based on factors such as the type of account variant, location of the branch, and account-opening promotions.

It's advisable to check with Axis Bank directly or visit their official website for the most up-to-date information on minimum balance requirements for NRI accounts. This is all about Axis Bank NRI account minimum balance.

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