Who can open accounts |
NRIs |
NRIs |
NRIs |
Joint accounts of two or more NRIs |
Permitted |
Permitted |
Permitted |
Joint account with Residents |
Permitted |
Permitted |
Permitted |
Nomination facility |
Available |
Available |
Available |
Currency of account |
USD, GBP, EUR, JPY,AUD,CAD |
Indian Rupees |
Indian Rupees |
Repatriability |
Freely Repatriable |
Freely Repatriable |
Principal upto USD 1Mn. Subject to FEMA 2000 guidelines from time to time |
Type of account |
Term deposits |
"Savings, Current and Term deposits |
"Savings, Current and Term deposits |
Period |
12 months to 5 years |
12 months to 10 years |
7 days to 10 years |
Minimum amount |
USD 1,500 GBP 1,000 EUR 2,000 JPY 50,000 AUD 1,000 CAD 1,000 |
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