The DCB NRO Elite Savings Account takes personalisation to a new level. It lets you choose your bank account number! This is a unique offering and caters to the requirement of those who not only expect excellent banking experience but also want account number of their choice.
The DCB NRO Account number consists of 14 digits and you have the option of choosing up to the last 8 digits. For example, if your preferred choice of your account number is 11111111, your DCB NRE Elite Savings Account number will be 060127 11111111.
This account allows NRIs to manage Indian finances. You can deposit legitimate dues in India which includes current income like rent, dividend, pension, interest, etc. as also sale proceeds of assets including immovable property acquired out of rupee / foreign currency funds or by way of legacy/inheritance.
Interest earned is subject to Tax Deduction at Source(TDS) as per applicable rate. The funds held in the account can be repatriated subject to regulatory limits and compliance with tax rules.