Non face to face Account opening | |
Currency in which A/c is opened | |
Joint Account | - Joint A/c with another NRI is permitted
- In case of joint a/c with resident the A/c can be on “FORMER OR SURVIVOR” basis ONLY
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Repatriability | |
Rate of Interest | - Rate of Interest is 3.5% p.a. for balance below Rs.50 lakhs and 4% for balance of Rs.50 lakhs and above with effect from 01.09.2017. ( on daily minimum balance)
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TDS on Interest | |
Debit card facility/Credit Card facility | - AVAILABLE – International Debit Card
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Online Deposit facility from NRE-SB | |
Personalised Cheque book | |
Nomination | - Nomination facility may be extended to the NRE account-holder.Nomination can be made by the depositor/s or account holder/s in favour of onlyone individual.
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Temporary overdrawings in NRESB accounts | - Branches may allow at their discretion over drawings in NRESB accounts up to Rs.50,000/- towards passing the cheques issued by account-holders subject to compliance with the guidelines on allowing such temporary over drawings in resident accounts under the powers delegated to them. TOD should be closed within 2 weeks from the date of over-drawing
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Acceptance of standing instructions | - Branches can accept standing instructions from the account-holder for local payments such as life insurance premium on the policies of the account-holder or his/her dependents, transfer of funds to resident accounts representing maintenance allowance etc., or such other permitted disbursements.
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Terms & condition | |
