Open NRE account online with IDFC FIRST Bank. Earn high interest, tax-free earnings, zero processing fee & seamless repatriation. Apply for your NRE savings account now! An NRE Savings Account is a Rupee-denominated account that offers a safe and convenient avenue to grow your savings from foreign income sources in India. Get tax-free returns and seamless access to your funds on the go with an IDFC FIRST Bank NRE Savings Account. Plus, earn among the best interest rates in the country and monthly interest credits to help grow your wealth faster.