NRE Recurring Deposit

NRE Recurring Deposit

Use NRE Account to fund deposit Enjoy steady growth
Make regular saving a habit with funds earned in any convertible foreign currency or repatriable Indian Rupee
Apply now

  • Fund your Recurring Deposit from your NRE Savings Account  

  • Attractive returns on regular investments 

  • Interest earned is exempt from Indian Income Tax 

  • Principal amount and interest earned are fully and freely repatriable 

  • Tenure – 1 to 10 years 

  • Minimum deposit – ₹100 

  • Passbook facility 

  • Nomination facility  

  • Our existing NRI Savings Account holder 

NRI (Non-Resident Indian) 

An Indian citizen residing outside India for any of the below purposes: 

  • Employment  

  • Studies  

  • Business or vocation 

  • Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings 

  • Indian nationals who may be mariners or working on oil rigs or foreign registered airlines 
     

PIO (Person of Indian origin)/OCI (Overseas Citizen of India) 

An individual holding a foreign passport (other than Pakistani and Bangladeshi) fulfilling any of the below criteria: 

  • Has held an Indian passport at any point of time 

  • Individual’s parent or grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955 

Please contact your branch for further details. 

Enjoy attractive returns on your overseas income or earnings in India

Open an NRI Deposit Account with Bandhan Bank today

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