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Features NRE NRO FCNR
Type of account Current |Savings |Fixed Current |Savings |Fixed Fixed
Currency INR INR USD, GBP, EUR, JPY, AUD and CAD
Minimum Balance Requirements Savings: INR 10,000
Deposit: INR 50,000
Savings: INR 10,000
Deposit: INR 50,000
USD 1000, GBP 500,
EUR 1000, AUD 1000,
CAD 1000, JPY 110,000
Tenure of Deposits "For TD Amount < INR 1Cr, maximum tenure of the deposit is up to 10 Years minimum being 1 year For TD Amount > INR 1 Cr, maximum tenure of the deposit is up to 7 years minimum being 1 year" 14 days - 10 yrs 1yr- 5 yrs
Repatriability Freely Repatriable Repatriable upto USD 1 million per financial year subject to documentation and conditions. Current income like rent, dividend, pension is repatriable subject to CA certificate and proof of such nature of income Freely Repatriable
Tax deducted at source on interest earned Tax free 30% plus service tax and education cess. Tax free
Purpose of Account To deposit foreign funds received from any:
  • Traveler's cheques
  • Foreign currency
  • Other NRE/FCNR a/c
  • Proceeds of repatriable investments
To deposit
  • dues earned in India in Rupees
  • foreign exchange funds
To deposit foreign funds received from any:
  • Traveler's cheques
  • Foreign currency
  • Other NRE/FCNR a/c
  • Proceeds of repatriable investments
Joint Holding "Only with NRIs (a Resident Indian can be a joint holder only in either or survivor mode)" Indian Residents and NRIs Only with NRIs
Frequency of Interest (Fixed Deposits) Quarterly Quarterly Half-yearly
Loans against Fixed Deposits Available up to 85% for loan value up to an upper limit of Rs 100 lakhs per RBI guidelines. Available up to 85%of the loan amount subject to RBI guidelines. Available up to 85% for loan value up to an upper limit of Rs 100 lakhs per RBI guidelines.
Cheque Book for Savings Account Available Available -
Debit/ ATM Card for Savings Account International Debit cum ATM card Access India (local) Debit cum ATM card -
Status Tracker
Foreign Exchange Rates -
  • USD $
  • Euro
  • GBP £
  • AUD $
  • CAD $
  • SGD $

*Indicative Bank sell rate -TeleTransfer

View all Forex Rates

Interest Rates -

Maturity Period: 3 Years

  • NRE/NRO SB 4% pa
  • NRO TD
  • NRE TD

Maturity Period : 1 year

  • FCNR (USD)
  • FCNR (GBP)
  • FCNR (EUR)
  • FCNR (YEN)

*Interest rates subject to change

View all Interest Rates

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