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Features NRE NRO FCNR
Repatriability Fully Partially Fully
Currency Rupee Rupee USD, GBP, EUR & JPY
Term 1 yr - 3 yrs 14 days - 10 yrs 1yr- 5 yrs
Tax on interest Tax free Taxes currently at 30% plus service tax and education cess on DTAA rates (See NRO Max Yield Deposit) Tax free
Type of account Checking |Savings |Fixed Checking |Savings |Fixed FixedSee More
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
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, JPY 110,000
Period for Fixed Deposit 1 - 3 years 15 days - 10 years 1 - 5 years
Joint Holding Only with NRIs Indian Residents and NRIs Only with NRIs
Interest Rate NRE Rupee rates NRO Rupee rates FCNR rates
Tax deducted at source Exempt 30% plus service tax and cess. Exempt
Frequency of Interest (Fixed Deposits) Quarterly Quarterly Half-yearly
Repatriation 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
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: 1-2 Years

  • NRE/NRO SB 4% pa
  • NRO TD
  • NRE TD
  • FCNR (USD)
  • FCNR (GBP)
  • FCNR (EUR)
  • FCNR (YEN)

*Interest rates subject to change

View all Interest Rates

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