The following individuals are eligible to open an NRE Fixed Deposit Account:

NRI (Non Resident Indian)
An Indian citizen residing outside India for the purpose of:

• Employment, studies, business or vocation
• Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings
• Indian nationals who may be Mariners or working on oil rigs or foreign registered airlines

PIO (Person of Indian origin)/ OCI (Overseas Citizen of India)
An individual holding a Foreign passport (other than Pakistani and Bangladeshi) who:

• Has held an Indian passport at any point of time
• Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955
• Is a spouse of an Indian Citizen or spouse of PIO