Types of accounts & deposits for NRIs

Types of accounts & deposits for NRIs
NRIs / PIOs / OCIs can open account in either of Indian Rupees or foreign currency, as per the following table:

Non Resident External (NRE) (INR) &  Non Resident Ordinary (NRO) (INR)

 Savings Bank Account
 Current Account
 Term Deposit (TDR)
 Special Term Deposit (STDR)
 Recurring Deposit (RD)



Foreign Currency Non Resident (Bank) {FCNR(B)} (FC)  & Resident Foreign Currency Account (RFC) (FC)

 Term Deposit (TDR)
 Special Term Deposit (STDR)


FCNB Premium Account (FC)
 Special Term Deposit (STDR) with Forward contract on maturity