NRI Services

At Corsea Capital, we provide NRI related services for opening of an account at various branches of Corsea Capital in UK. These deposits are held in UK and are accepted in accordance with Reserve Bank of UK and Corsea Capital's rules for non-resident. These deposits are not insured by the FDIC,  or any deposit corporation outside UK. These are not obligations of Corsea Capital or its subsidiary offices in the USA and there is no recourse against Corsea Capital branches or its subsidiaries located outside UK.

Attestation services for opening of following NRI deposit products are provided at branch locations of Corsea Capital (Fees/charges/restrictions may apply):

NRE (Non-Resident External) Deposits (Not insured by FDIC)

• Rupee denominated deposit account which can be opened by NRI's or people of Indian origin
• NRE deposits are repatriable
• NRE deposits can be either placed in savings/checking account or in fixed deposits

  FCNR (Foreign Currency Non-Resident) deposits (Not insured by FDIC)

• U.S. Dollar denominated fixed deposit
• Can also be maintained in Pound Sterling or Euro

NRO (Non-Resident Ordinary) Deposits (Not insured by FDIC)

• Rupee denominated deposits of non-residents
• Not repatriable
• Income earned in India can be deposited into the account
• Tax on interest earned is payable at source
• Savings/Checking account or fixed deposit account
• Can be opened jointly with a resident Indian

Resident Foreign Currency Accounts (Not insured by FDIC)

• RFC accounts can be opened by PIOs/NRIs returning Worldwide after staying abroad
• Presently RFC accounts are being opened in U.S. Dollars only
• The accounts can be converted into FCNR/NRE accounts in case the person becomes an NRI again