A Term Deposit plan that provides for payment of Interest on quarterly basis with option of reinvestment. The plan offers renewal of deposits and the option of repatriation of proceeds in the currency of your own choice.

  • Account can be opened by Inward remittances in any convertible currency from abroad through normal banking channels by way of: 

    • Demand drafts, Telegraphic Transfers, Mail Transfers, SWIFT 

    • Foreign Currency Notes/Travelers cheques (during your personal visit) as well as transfer from any non-resident 
      (External) Rupee Savings & Fixed Deposit account or Foreign Currency Non Resident deposit Account. 

  • Deposits can be placed for periods ranging from 1 year to 3 years.

  • Repatriation of these deposits and interest allowed freely in Foreign Currency at a place of your choice.

  • “Best in the Industry” Interest rates coupled with convertibility.

  • Option for Reinvestment (cumulative interest) Plan and Quarterly Interest Plan.

  • Interest paid/credited (in case of cumulative deposit) every Quarter (i.e. March, June, September & December).

  • Premature withdrawal for the purpose of renewal at better interest rate permitted without penalty clause on demand (conditions apply).

  • Interest and balances are exempted from tax.

  • Automatic renewal on due date for minimum maturity of 1 year, in the absence of specific instructions.

  • Loans against deposits available on easy terms.

  • Payment of proceeds in the currency of your choice.

  • Safe Deposit Locker facility available.

  • Provision for nomination.

Non Resident External (NRE) (RUPEE) Accounts can be opened as recurring and current accounts as well.