Open NRI Account in UK

Kotak Mahindra Bank offers a broad range of NRI banking solutions designed for Indians living in the UK. Whether you want to transfer funds to India, grow your savings, invest in Indian opportunities, or maintain deposits, Kotak provides the support you need.

You can choose from NRE and NRO savings accounts, fixed deposits, and FCNR deposits in GBP and other eligible currencies. This enables efficient management of your finances while living overseas.

Why do NRIs in the UK choose Kotak Bank?

NRIs can access banking from the UK without any hassle. Here’s what the Kotak NRI account offers:

• Seamless cross-border banking: Transfer money to and from India conveniently through secure digital channels.
• Flexible savings and investment solutions: Grow your wealth through tax-free NRE deposits, maintain foreign currency deposits, and explore investment opportunities in India.
• Integrated financial services: Access banking, investments, deposits, and lending products through a single platform.
• Digital-first banking experience: Bank securely across time zones with a robust digital interface backed by Kotak’s NRI round-the-clock support.

Interest Rates on Kotak NRI Accounts

Kotak Bank offers a range of NRI deposit and banking solutions for customers living in the United Kingdom.

Check the NRI account UK interest rate here:

• NRE/NRO Savings Accounts
• NRE Fixed Deposits
• NRO Fixed Deposits
• FCNR Deposits

Disclaimer: Interest rates and deposit terms may change periodically.

Which Type of NRI Account is Right for You?

The right account depends on your needs and where your money comes from.

*Terms and conditions apply. Subject to RBI/FEMA regulations, source of funds verification, and proper documentation. There is no limit on outward remittance of current income. Consult with Kotak for specific guidance.

Quick guide for Indians in the UK

• Earning in GBP and sending money home regularly? - Choose an NRE Account.
• Receiving rent, pension, or other income from India? - Go for an NRO Account.
• Prefer to keep your savings in foreign currency without conversion? - Open an FCNR Deposit.

How to Open an NRI Account from the UK

Step 1: Choose the accounts (NRE, NRO or FCNR) relevant to your needs.

Step 2: Keep your documents ready. When opening an account from UK, you will be required to submit copies of your PAN, Passport, Address proof and status proof (Visa/PIO)*. The complete list of documents required is mentioned in a separate section below.

*Please note: Original self-attested notarized copies of Visa and Address proof will be required. You can get the documents attested from the following authorities:

• Overseas branch bank official of an Indian Scheduled Commercial Bank including Kotak Mahindra bank
• Bank official of Overseas commercial Bank of Kotak Mahindra bank. List of branches are uploaded to www.kotak.bank.in
• Notary Public abroad / Court Magistrate / Judge
• Indian Embassy/Consulate General in the country where the non-resident customer resides.

Step 3: Go to the Kotak website and click on “Apply Now” to open the account. You will be re-directed to the Kotak online account opening journey. Fill all of your personal details required and upload the documents. As part of the journey, Kotak will arrange a courier to collect the documents. Please ensure that you send the original notarized copies of your Visa and Address Proof.

Step 4: Your account will be opened once your documents are verified. Do not forget to keep your account funded.

Step 5: Once your account is activated, you get access to online banking, investment options, book FDs, etc. You can start banking in India from UK now!

Who is Eligible to Open a Kotak NRI Account?

A Non-Resident Indian (NRI), including PIOs, OCIs, Indian students studying in the UK, Indian government officials posted abroad, and seafarers on international vessels (as per RBI/FEMA rules). You must follow all relevant RBI and FEMA regulations.

Documents Required for NRI Account Opening

Identity Proof

• Passport (mandatory)

NRI Status Proof

• UK Visa/Employment permit
• OCI/PIO card
• UK residence permit/BRP

Foreign Address Proof (compulsory for communication address)

• Passport/OCI/PIO card with address
• UK Driving License
• Foreign or Indian passport with the address mentioned
• Letter issued by a foreign embassy/mission in India
• Utility bill or council tax bill not older than 3 months
• Rent agreement along with the latest utility bill

Indian Address Proof (if registering Indian address)

• Aadhaar card
• Passport
• Driving License
• Government-issued ID
• CDC/e-FRRO registration

Tax Compliance

• PAN card