Non Resident (External Rupee) Accounts (NRE A/cs)
Our Bank extends the following NRI services under AD II category licence.
with “0” balance also while NRIs are in India and remittance can be made subsequently after NRIs go abroad on finishing their trip to India.
Type of Accounts :
Rate of Interest :
4% on NRE SB a/cs and Usual Domestic Term Deposit rates
On NRE Term Deposits
Joint A/cs :
Can be opened with NRIs residing in the same or different
Tax exemptions :
Nomination :Allowed in favour of Residents / NRIs.
Repatriability : Funds can be freely repatriable to any approved
Foreing Currencies (Principal and interest)
Tax exemptions :
FAQs on NRI Services
1. Who is a Non-Residnet Indian (NRI) ?
An Indian citizen or a person of Indian Origin residing abroad with an intention to stay abroad for an indefinite period for:
2. Who is a person of Indian Origin ?
3. Who is not an NRI ?
No Minimum Balance, No initial deposit to open the account.
No restrictions like Age, Income Criteria for opening BSBD Account.
All provisions of KYC, AML, PML are applicable.
Passbooks are given free.
Maximum of Four withdrawals in a month including ATM withdrawals;
RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free
No charges for all the above facilities
The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.