1) NRE Savings Account

Key Features :

• Balances held are freely repatriable
• Interest earned is exempted from applicable taxes
• Average quarterly balance of Rs.25,000.00

2) NRE Rupee Term Deposits

Key Features :

• Minimum maturity period of 1 year
• Maximum maturity of 5 years
• Balances held are freely repatriable
• Interest earned is exempted from applicable taxes
• Minimum deposit of Rs.10,000.00
• Penal interest of 1% will be levied on applicable rate of interest on pre-mature withdrawal of term deposits
• No interest will be paid in case of premature withdrawal of deposit prior to 1 year

3) NRO Rupee Savings Account

Key Features :

• Average quarterly balance of Rs.25,000.00
• Interest earned is subject to Income Tax deduction (TDS)

4) NRO Rupee Term Deposit

Key Features :

• Minimum deposit of Rs.10,000.00
• Flexible interest pay out options
• Interest earned is subject to Income Tax deduction (TDS)
• Penal interest of 1% will be levied on applicable rate of interest on pre-mature withdrawal of term deposits.