Yes, absolutely. There are different account types available for foreigners in India including: Non-Resident Ordinary accounts – These are current accounts designed for short-term stays (up to 6 months). They typically require you to pay in at least US$500 per month. Non-Resident External –  These accounts are great if you don’t want to make monthly deposits. But they do usually require a large bulk sum on opening the account. They typically take the form of savings or current accounts. Permanent current accounts – These have less restrictions on withdrawals but offer little to no interest on deposits. Savings accounts – conversely these offer higher rates of interest but permit a limited number of withdrawals each month (or can be fixed for longer periods for better rates).