NRE Current Account

NRE Current Account

Sweep in Facility

Available

Ancillary Services

Free Internet banking Missed Call alert facility for obtaining account balance Free utility bills payment facility through E-pay Free Statement of Account ATM-cum-International Debit Card for Individuals

Repatriation

Freely Repatriable

NRE Current Account

Currency & Fund Transfer

Currency

Indian Rupees (INR)

Fund Transfer

  • Free Funds Transfer within the bank (Self A/c or Third party A/c)
  • Free NEFT/RTGS Facility through internet banking
  • Collection of Cheques and payments across Bank of India locations all over the country

Interest & Taxation

Interest

Not applicable

Taxation

Income earned exempted from India Tax

NRE Current Account

Who can open?

NRIs (individuals/entities of Bangladesh or Pakistan nationality/ownership require prior approval of RBI).

Joint Account Facility

Account can be held jointly by a NRI / PIO with a Resident Indian (Former or Survivor basis). A Resident Indian can operate the account only as a Mandate / POA holder. The Resident Indian must be a close relative as defined in Section 6 of the Companies act, 1956.

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