Then there is the NRO account, Non-Resident Ordinary account to manage earnings from India in rupees. There is the NRE (Non-Resident External) account, which is meant for foreign earnings by the NRI to be kept in the bank in rupees. There are several accounts available to NRIs in India. The Difference Between NRO and NRI Account Want to open an NRO account? Click the button below to open an NRO account right away. They cannot have a domestic Indian savings account. It is mandatory for NRIs to open an NRI account to operate an account in India. NRI accounts are special accounts that do not operate like usual Indian Accounts. However, Citibank said consumers can continue using existing bank branches, ATMs, internet banking and app. Citi India customers are now served by Axis Bank. Note: Axis Bank has acquired the Citibank India’s consumer banking business effective March 1, 2023. In this piece we discuss the specifics of NRO accounts and the features of the Citibank NRO account. The bank has over 21,000 employees, of which 5,500 are in India. Today Citibank has important investments in the Indian financial market. Citibank is in many ways an ideal bank for NRIs because it is a global bank, yet it started operations in India more than a century back.
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