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
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  • 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.  

 

Enjoy attractive returns on your overseas income or earnings in India

Open an NRI Deposit Account with Bandhan Bank today

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