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.