NRE Fixed Deposit

NRE Fixed Deposit

Open deposit in INR or foreign currency Tax-free interest
Grow your savings using repatriable Indian Rupees or convertible foreign currency
  • Fixed Term Deposit held in Indian Rupees (INR), where you can place foreign currency converted into INR  
  • Interest earned is exempt from Indian Income Tax 

  • Principal amount and interest earned are fully and freely repatriable 

  • Competitive exchange rates on conversion of foreign currency into rupees 

  • Tenure – 1 to 10 years 

  • Minimum deposit – ₹1,000

  • Automatic renewal of your principal and interest on maturity 

  • Option of monthly or quarterly Interest payouts 

  • Option of partial withdrawal or premature closure  

  • Loan or overdraft facility (subject to approval) 

  • Nomination facility  

  • Our existing NRI Savings Accounts 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.  

 

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Enjoy attractive returns on your overseas income or earnings in India

Open an NRI Deposit Account with Bandhan Bank today

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