NRE Savings Account

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Features & Benefits of NRE Saving Account

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FAQs

What is NRE Savings account?

An NRE (Non-Resident External) savings account is Rupee denominated account which can be opened to park your income earned overseas. You can deposit your foreign earnings in this account and earn completely tax-free interest in India.

Whats is the eligibility criteria to open an NRE Savings Account?

Any Indian Individuals with Non-Resident status can open NRE Savings account after completion of prescribed KYC norms of the bank

What is the Process of account opening?

Face to Face & Non – Face to face account opening.

Rupay International card are accepted globally?

Yes, widely accepted across ATMs, PoS terminals, and e-commerce portals which accept Discover cards.

Do you have Inward remittances facility?

Yes, it is available. Click here to check Inward Rates & Process to remit funds.

What are the documents required to open account?

As per the KYC norms of the bank

What is the frequency of interest pay out?

Interest will be accrued on daily basis based on the end of the day closing balances & credited to customers account at the end of every month.