FEATURES
- Enjoy higher interest rate on fd
- Partial withdrawal of the deposits is allowed
- Avail of Overdraft upto 90% of the deposit
- Repatriate your complete deposit (principal and interest) at any time
- Enjoy tax exemption from the entire deposit (principal and interest)
- Open the deposit jointly with any other NRI
- Avail of the nomination facility
- Avail of the Sweep- in facility on your fixed deposit
- Maintain the deposit for a tenure of minimum 1 year and a maximum of 10 years
Depositing money to your account
To deposit money in your NRE Fixed Deposit, you can:
- Transfer funds from abroad in a freely convertible foreign currency
- Present foreign currency notes/travellers cheques brought in by you or another NRI during a visit to India
- Directly remit the amount to us
- Transfer funds from an existing NRE/FCNR Account held in other Banks
