Features

NRE SAVING & TERM DEPOSITS
• SB can be opened only by non-resident Indians (NRIs)
• Can be opened Jointly only with another NRI
• Minimum balance Rs. 1000/-
• NRE Term Deposits : 1 to 5 yrs
NON RESIDENT (ORDINARY ACCOUNTS)
• Can be joint with other non-residents / residents.
• Can be Saving Bank,Current Accounts, Fixed Deposits, Recurring Deposits .
• Accounts can be withdrawn for making local payments in rupees.
• Income Tax at a flat rate of 30% will be deducted at source on interest earned in the NRO accounts irrespective of the amount of interest.
• Advance against NRO term deposits is permissible.
• Income in India can be credit to NRO accounts.

Eligibility

NRE Saving Bank Account
• NRE Current Account
• NRO Accounts (Rupee Accounts for Crediting Income in India )
• Specially Designed A/C opening form
• A Resident can be authorized to operate his /her account through a power of Attorney or Letter of Authority.
• Nomination facility Available.

Deposit Account Types

NRE Rupee Account | Savings Bank | Current Accounts | Term Deposits (Interest Paid out Quarterly) | Special Term Deposits (Interest Compounded Quarterly) | Non-Resident (Ordinary) Account | NRO Accounts Rupee Accounts for Crediting Income in India.

KYC Requirement

• Copy of Passport| Visa /Residence permit
• 2 Photographs
• Initial Money Remittance
• Signature may be verified by anyone of the following -
• Indian Embassy/ consulate / Any Person known to the Bank / Notary Public

Rates & Others

• Click HERE for more details about Deposit interest rates& Service charges.
• For more quries please contact to your nearest branch.