IDFC First Bank Launches Global Savings Account in USD & EUR for NRIs
On December 16, 2025, IDFC First Bank, a private sector bank, launched ‘IDFC First Global Savings Account’ for Non-Resident Indians (NRIs), allowing them to hold their foreign currency earnings in United States Dollar (USD) and Euro (EUR).
On December 16, 2025, IDFC First Bank, a private sector bank, launched ‘IDFC First Global Savings Account’ for Non-Resident Indians (NRIs), allowing them to hold their foreign currency earnings in United States Dollar (USD) and Euro (EUR).
- What? IDFC First Bank launched Savings Account for NRIs
- Account Name: IDFC First Global Savings Account
- Currency: USD and EUR
- Platform: IFSC, GIFT City
- Benefits: Zero fees on overseas transfers, 100% repatriation, TDS exemption
About IDFC First Global Savings Account:
Platform: The account is offered through the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City), Gandhinagar (Gujarat).
Features: It includes zero fees on overseas transfers, interest rates around 4.75% per annum on USD balances, 100% repatriation of principal and interest to overseas accounts, no minimum balance requirement, and Tax Deducted at Source (TDS) Exemption of interest earned.
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- It can be opened and managed digitally, avoiding branch visits or paperwork and enables the option to invest in foreign currency Fixed Deposits (FDs) in USD or EUR.
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