Click here for Nre account opening form.
Click here for Interest rates on Nre deposits.
This includes Nre, NRI and OCI individuals also.
A: Yes, nomination facility is available for Nre account.
There would be no premature withdrawal penalty on Nre Term Deposits.
Please note that NRI/Nre accounts cannot be used for the same.
Q: What are the admissible debits and credits in my Nre accounts?
These accounts are to be received as debit from Nre SB Account or.
Q: What are the documents that I have to submit to open an Nre Account?
Deposits can be made by remittances from abroad or by funds held in existing Nre accounts.
The Nre Rupee Savings Account is packed
with the best of services that meet your varied needs.
Q: Can Power of Attorney holder in India on behalf of a NRI open/close Nre account?
NRO and Nre deposits: There are a lot of deposit options that are
also available for Non-Resident Indians(NRIs).
Customizing and manufacturing projected capacitive and
resistive touch screens with very low Nre and 10- 50 pieces MOQ.
Q: What is the status of Nre account on the return of the account holders to India?
If needed, conversion of interest on Nre/FCNR in to other currencies is permitted
at the ruling exchange rate.
Accounts can be opened by transfer of Nre/FCNR funds
or by remitting foreign currency notes or travellers cheques.
Loans can be
availed with our correspondents banks abroad(on arrangement) against the Nre/ FCNR deposit receipt issued by us.
Accounts can be opened
by remittances from abroad deposit of foreign exchange brought into India, transfer from existing self Nre/FCNR accounts.
Nre(Rupee) Fixed Deposits:
No interest will be payable for deposits that have remained with the bank for less than twelve months.
From one to three years, However,
banks are allowed to accept Nre deposits above three years from their Asset-Liability point of view.
Natural Resources Management and Ecological Engineering(NARMEE)
is a new joint degree program following the double degree program in Natural Resources and Environment(Nre) w.
May open, hold and maintain with an authorised dealer in India a Resident Foreign Currency(RFC)
Account to transfer balances held in Nre/FCNR(B) accounts.
The interest rate on UBI Tax Saving Schemes and Nre/NRO Deposits shall be aligned
as per the above revised rates for Domestic Retail Term Deposits.
The period for Fixed Deposits is from one to three years,
however banks are allowed to accept Nre deposits above three years from their Asset-Liability point of view.
Investment can be made on repatriation as well as non-repatriation basis. However,
the investor will have to open Nre account as well as NRO account with the Designated Bank.
Subsequent to de regulation measure announced by RBI,
interest rates offered by our Bank on Nre term deposits have been upwardly revised
and they are highly competitive in the industry.
In case of residential property, the repatriation of sale proceeds is restricted to not more than two such properties,
if the property was purchased from funds held in Nre Account.
In case of residential properties, the repatriation of sale proceeds is restricted to not more than two such properties,
if the property was purchased from funds held in an Nre Account.
Authorised Dealers/ banks in India can
grant loans against the security of the funds held in Nre accounts to the account holder/ third party in India,
without any limits, subject to the usual margin requirements.