Who is eligible for an NRE account?

The following individuals are eligible to open an NRE account

1. Non-Resident Indians (NRIs) - (Indian citizens working abroad, business people residing overseas, students studying in foreign countries).
2. Person of Indian Origin (PIO) - An individual who is not a citizen of Pakistan, Bangladesh, Sri Lanka, Afghanistan, China, Iran, Nepal, or Bhutan and who:
   • At any time held an Indian passport, or
   • Whose parents or grandparents were citizens of India by the Constitution of India or the Citizenship Act, of 1955, or
   • Is a spouse of an Indian citizen or a person referred to in the above clauses.
3. Overseas Citizen of India (OCI) - Foreign nationals of Indian origin who have obtained OCI status from the Government of India.