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NRE Saving Account
Ancillary Services
- Free Internet banking
- Missed Call alert facility for obtaining account balance
- Free utility bills payment facility through E-pay
- ATM-cum-International Debit Card (EMV Chip based)
Repatriation
Principal and interest are fully repatriable
NRE Saving Account
Currency
INR
Fund Transfer
Free fund transfer within bank (Self or Third Party) . Free NEFT/RTGS through Net banking
Interest Rate
Rate as advised by Bank from time to time as per stipulated guidelines and will be displayed on the website
Taxation
Interest earned is exempted from Tax in India
NRE Saving 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 with a Resident Indian (Former or Survivor basis). Resident Indian can operate the account only as a Mandate / POA holder and must be a close relative of the NRI Account holder as defined under Section 6 of the Companies act, 1956.
Mandate Holder
An Indian resident can be authorized to operate the account and provided with an ATM card for the account
Nomination
Facility available
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