NRE Term Deposit Account
Repatriation
Freely Repatriable
NRE Term Deposit Account
Deposit
Currency of deposit
Indian Rupees(INR)
Deposit Period
12 months to 120 months
Interest & Taxation
Interest Rate
Rate as advised by Bank from time to time as per stipulated guidelines and will be displayed on the website
Taxation
Exempt from Income Tax
NRE Term Deposit Account
Who can open?
NRIs (individuals/entities of Bangladesh or Pakistan nationality/ ownership require prior approval of RBI).
Joint Account
Permitted
Nomination
Facility available
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