Non Resident External (NRE) Account

NRE accounts are maintained in Indian Rupees by remittance of foreign exchange through normal banking channel. The deposit and interest accrued is repatriable in any convertible currency at the prevailing exchange rate as per instruction of the depositor.

Deposit may be kept in:

• Savings bank account with cheque book facility (minimum balance Rs 1000)
   
• Current account with cheque book facility (minimum balance Rs. 5000)
   
• Fixed deposit ranging from 1 year to 3 years.
    
• Cash certificates (interest invested automatically on quarterly basis) ranging from 1 to 3 years
    
• Recurring deposit account with monthly installment of Rs. 100 and multiples thereof for period ranging from 1 year to 3 years.