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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.
PRODUCTS YOU MAY LIKE
NRE-Current-Account
