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It
can be opened only by non resident Indians (NRIs)
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It
can be opened jointly with another NRI (in case you wish to open the
account jointly with your spouse, (s) he should also be an NRI).
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You
can avail Internet Banking facility available, wherein You can view
and transact on your account(s) on line
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The
Minimum balance of Rs.1000/- is to be maintained in Savings Bank a/c.
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The
minimum balance of Rs.5,000/- to be maintained in Current account.
INTEREST RATE
FOR NRE SAVINGS BANK DEPOSITS : 3.50%
INTEREST RATE FOR NRE CURRENT A/C : NIL
Permissible
Credits
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Remittances
from abroad (SWIFT, Telegraphic transfers) in permitted currencies.
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Personal
cheque drawn on your account(s) maintained abroad.
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Proceeds
of Foreign Currency Notes/ Travellers cheques tendered by you in
person during your visits to India.
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Amounts
in excess of $ 5000 (or equivalent) in currency or $ 10,000/- (or
equivalent) in Travellers cheques should be accompanied by a Currency
Declaration Form.
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Drafts
issued by Bank/Exchange Cos. Abroad.
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Transfer
from another NRE account.
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Interest/dividend/maturity
proceeds of investments made in India on repatriable basis.
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Nomination can be in favour of residents or non-residents.
Funds lying in the NRE Account on the death of an account holder can
be repatriated to his non-resident nominee. For remittance of funds by
resident nominee outside India
for meeting the liabilities or for similar other purposes of the
deceased account holder, prior approval of RBI is required.
Customers, who wish to open an account for the first time
with our Bank, should send cheque/Draft as initial remittance along
with duly filled a/c opening form, passport copies, photograph,
attestation of signature, to the branch of your choice (CLICK HERE FOR
BRANCH IDENTIFIER) to enable them to verify your status. Subsequently,
the customer are advised to opt for SWIFT remittance quoting the
Account Number/ , Customer Number ,Name of Branch he/she prefers to
transfer the amount.
Click here for
account opening form
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