NRE Current Account

Disclaimer
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The Bank of India and its affiliates, subsidiaries, employees, officers, directors and agents shall not be liable for any loss, claim or damage whatsoever including in the event of deficiency in the service of such third party websites and for any consequences of error or failure of internet connection equipment hardware or software used to access the third party website through this link , slowdown or breakdown of third party website for any reason including and resulting from the act or omission of any other party involved in making this site or the data contained therein available to you including for any misuse of the Password, login ID or other confidential security information used to login to this website or from any other cause relating to your access to, inability to access, or use of the site or these materials in accordance thereto Bank of India and all its related parties described hereinabove stand indemnified from all proceedings or matters arising thereto.
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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
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
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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