NRE Current Account
NRE Current Account
The Non-Resident External (NRE) current account is ideal for Non-Resident Indians who would like to open a current account for operation in Indian rupees. As the NRE account is exempted from tax, it is best suited to people who have plans to repatriate their funds abroad.
Rs. 5000/-
Apply Features
- Average monthly balance to be maintained is Rs.5000/-
- Balances held in the accounts are exempt from income tax, wealth tax and gift tax.
- Any amount can be credited to this account, without limit.
- Internet Banking Services available
- Debit card variant is VISA International
- AMC for debit card is applicable as per SOC
Eligibility
This account is eligible to all Non Resident Indians (NRI) and Persons of Indian Origin (PIO). The NRI or PIO has the option to open a current account in Indian rupees.
