How Much Minimum Balance for Federal Bank NRI Account?

The average minimum balance for Federal Bank NRI account is Rs. 5000. It is a specialised banking solution designed for Non-Resident Indians with flexible minimum balance requirements. It depends on several factors, which I shared below for your reference.

What is the Federal Bank NRI Account Minimum Balance?

The minimum average quarterly balance (AQB) for this account varies based on the currency and account type:

1. NRE (Non-Resident External) Savings Account: The minimum AQB is Rs5,000 (or its equivalent in foreign currency).

2. NRO (Non-Resident Ordinary) Savings Account: The minimum AQB is also Rs5,000.

3. Foreign Currency (USD/GBP/EUR) Savings Account: The minimum balance requirement is $500, £500, or €500, depending on the currency.

If the account holder fails to maintain the minimum balance, Federal Bank charges a nominal penalty, which varies based on the extent of the shortfall. NRIs can open this account with zero balance initially, but they must meet the AQB requirement within a specified period.

For the latest updates on balance requirements and charges, NRIs should refer to the bank’s official website. This is all about the minimum balance Federal Bank NRI account.

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What are Federal Bank Open NRI Account Steps?

Federal Bank offers NRI accounts such as NRE, NRO, and FCNR accounts. The minimum balance Federal Bank NRI account may differ depending on the nature of the account. I think it is important that you know the minimum balance requirement for all these accounts. Let me help you out.

What is the Federal Bank NRI Account Minimum Balance?

The NRI account minimum balance Federal Bank requirements for these accounts are reasonable and vary based on the account type.

The minimum average monthly balance (AMB) requirement is < Rs. 25000 across all branch categories (metro, urban, semi-urban, and rural).

This makes Federal Bank’s NRI accounts more accessible, especially for those who want to maintain smaller balances.

If the AMB is not maintained, the bank imposes nominal non-maintenance charges. These charges vary depending on how much the balance falls short of the required AMB.

Benefits of Federal Bank NRI Accounts:

• NRE Account: Allows repatriation of funds and offers tax-free interest income in India.

• NRO Account: Suitable for managing income earned in India (e.g., rent, dividends) with partial repatriation options and interest income subject to tax.

• FCNR Account: A fixed deposit in foreign currency, ideal for those looking to hedge against exchange rate fluctuations.

The AMB is calculated as the average of daily balances across the month. Regular monitoring through internet banking or mobile banking helps avoid penalties. The bank provides options for automatic transfers to ensure balance requirements are met.

This setup ensures that NRI customers can enjoy flexibility and convenience while maintaining the account efficiently. This is all about the

Federal NRI account minimum balance

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A minimum balance for Federal Bank NRI account needs to be maintained if you want to keep the account active. This rule is mandatory for all banks’ accounts, irrespective of their type. However, the amount of money varies. In Federal Bank, the minimum balance differs as per the type of NRI account and it ranges from Rs 5,000 to Rs 1,00,000. 

What is the Required Minimum Balance Federal Bank NRI Account?

The federal bank NRI account minimum balance varies based on the account type. Here is a list of them:

If you want, you can apply to open a new bank account at Federal Bank or check the details on

This is all the information I have about NRI account minimum balance Federal Bank.

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