NRI Young Star Account

The NRI Young Star Savings Account is designed for minors below 18 years, opened by NRI parents or guardians. It helps in inculcating saving habits from an early age while ensuring funds grow securely with attractive interest rates. The account converts to a standard NRE account upon the majority.

Opening the account is simple and requires minimal documentation. Parents or guardians need to provide their passport, visa, and proof of NRI status, along with the minor’s birth certificate. Applications can be submitted online or at a branch, making it convenient for NRIs to secure their child’s financial future. Learn more

The account allows deposits in foreign currency, automatically converted to INR. This ensures easy fund management for parents earning abroad while providing financial security in India. The account also supports international transactions, making it a flexible savings option for growing children.

Earn competitive interest rates with the benefit of tax-free interest in India. The account offers exclusive privileges like a personalised ATM card for minors above 10 years, ensuring accessibility and ease of transactions while keeping savings secure.

NRI parents or guardians can open this account for their children who are below 18 years old. The child will be the primary account holder, while the parent/guardian will operate it until the minor reaches adulthood.

The required documents include the parent/guardian’s passport, visa, proof of NRI status (residency/work permit), and the minor’s birth certificate. Additional KYC documents may be required as per banking regulations. Learn more

Yes, the funds can be repatriated from all NRE accounts.