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Our Presentation
Name: Tapan Kumar Roy
ID: 1920059

Group-H:
Group Members
SL No. Name ID No. Remarks
01 Tapan Kumar Roy 1920059
02 Md. Maidul Islam 1920007
03 Mst. Shuely Khatun 1920019
04 Biplob Hossain 1920023
05 Md. Liton Mia 1920040
Name: Tapan Kumar Roy
ID: 1920059

Presentation Topic

Non-Resident Indian (NRI) Account

Name: Tapan Kumar Roy
ID: 1920059

Non-Resident Indian(NRI) Accounts

An NRI Account refers to the accounts opened by a Non-
Resident Indian (NRI) or a Person of Indian Origin (PIO)
with a bank or financial institution.
Name: Md. Maidul Islam
ID: 1920007

Advantages of an NRI Account

 Facilitates investment in financial
instruments
Tax Benefits
High Returns
Avoidance of exchange rate fluctuations
Enables Inward Remittances
Assures continuity of income
Loan Facility
Name: Md. Maidul Islam
ID: 1920007

Disadvantages of an NRI Account

 Low Liquidity
Prone to Risk
Name: Biplob Hossain
ID: 1920023

Types of NRI Accounts

There are different types of NRI accounts
gives to open in a bank. Some of the
accounts below:
Non-Resident Ordinary (NRO) Account
Non-Resident External (NRE) Account
Foreign Currency Non-Resident(Banks)
Account
Difference Between The NRI Account
1.NRE Account
2.NRO Account
3.FCNR Account
Name: Biplob Hossain
ID: 1920023

How to Open NRI Account

Opening an NRI Account is a relatively simple process with minimal hassles.
The following individuals are eligible to open NRI Account:

• Step 1: Individuals on official deputation abroad by the Government of India

or any Public Sector Undertaking.
• Step 2: Indian citizens residing abroad for business, studies, and employment.
• Step 3: Individuals who held an Indian passport, any time
• Step 4: Individuals whose grandparents or parents were Citizens of India as
per the India Citizen Act, 1955
• Step 5: NRIs, PIOs, OCIs, and their spouses
Name: Md. Liton Mia
ID: 1920040

Conclusion
Non-Resident Indians (NRIs) can choose from a variety of banking
products and services, including savings accounts, fixed deposit
accounts, money transfer services, loans, investments, insurance, and
more, from many large banks and financial institutions in India.
Different banks have different interest rates on various accounts. The
interest rates for savings accounts and term deposits vary.
Thanks to All