PNB NRI Account: Guide for Non-Resident Indians


Punjab National Bank (PNB), one of India's largest public sector banks, offers a wide array of banking services designed specifically for Non-Resident Indians (NRIs). With a focus on convenience, security, and ease of international transactions, PNB NRI accounts provide a seamless banking experience for Indians residing overseas.

💸⇒₹ Funding Your NRI Account from abroad: Save when you use Wise

Wise offers a fast, easy, and low-cost way to send money directly to NRI accounts in India.

  • Transparent Fees: Wise has a clear fee* structure, so you'll always know exactly how much your transfer will cost.
  • Mid-Market Rates: Get the exchange rate you see on Google, unlike the marked-up rates offered by banks.
  • Fast Transfers: Funds can often arrive within minutes on popular transfer routes.
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Types of PNB NRI Accounts:

  • NRE (Non-Resident External) Account: An NRE account is a rupee-denominated account that allows NRIs to deposit their foreign earnings and repatriate funds freely. It offers competitive interest rates and is exempt from income tax in India.

  • NRO (Non-Resident Ordinary) Account: An NRO account is designed for NRIs to manage their income earned in India, such as rent, dividends, or pension. While the account allows for repatriation of funds, it is subject to certain regulations and tax implications.

  • FCNR (Foreign Currency Non-Resident) Account: The FCNR account enables NRIs to maintain deposits in foreign currencies like USD, GBP, EUR, and more. It provides a hedge against currency fluctuations and offers attractive interest rates.

Who is eligible for a PNB NRI account?

  • Indian citizens who reside outside India for employment, business, or education purposes
  • Persons of Indian Origin (PIOs) holding foreign passports
  • Overseas Citizens of India (OCIs)

Beyond Transfers: Simply your NRI financial life with Wise

Wise offers an ideal alternative to banks for global expats with roots abroad. Take a look at the Wise multi-currency account available for residents living in supported countries. Enjoy an account as worldly as you are and spend just like a local when you travel abroad with a linked debit card, while also paying less in fees.


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*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

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