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Open a NRI Deposit Account
with Us and Avail Attractive Interest Rates |
Currently we are
offering following NRI deposit schemes |
1. NRE (Non- Resident External) Rupee
Account.
2. NRO (Non-Resident Ordinary) Rupee
Account.
3. FCNR (B) (Foreign Currency Non-
Resident Banks).
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|
Features |
- NRE & NRO accounts can be opened as Saving
accounts, Current accounts or Fixed deposits and
are denominated in Indian Rupees.
- Balances in the NRE accounts are fully
repatriable and fully tax exempted.
- NRO accounts are non-repatriable and subject
to tax deduction at source (TDS).
- FCNR accounts can be opened as fixed
deposits denominated in USD,GBP,JPY,EURO, CAD &
AUD ; are fully repatriable and exempted from
tax .
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|
Interest Rates |
| Revised rates effective
15.11.2008 on various NRI Deposit Schemes will be as
under: |
| |
| a) NRE-Rupee Deposits: |
| Period |
Interest rate % per annum |
1 year < 2 years |
3.75 |
| 2 years < 3
years |
3.19 |
| 3 years |
3.47 |
| |
|
|
| |
| b) NRO- Rupee Deposits: |
| Period |
Interest rate % per annum |
| 7
days to 30 days |
4.50 |
| 31 days to 90
days |
6.00 |
| 91 days to 270
days |
8.00 |
| 271 days to 1
year |
9.50 |
| Above 1 year to
18 months |
9.85 |
| Above 18 months
to 2 years |
9.75 |
| Above 2 years
to 5 years |
9.00 |
| Above 5 years |
8.50 |
|
|
Interest rates on NRE/NRO savings
bank deposits shall remain unchanged at 3.5% per
annum. |
| |
| a) FCNR (B) Deposits: |
|
Period |
1 years <2
years |
2 years <
3 years |
3 years <4
years |
4 years <
5 years |
5 years
only |
| USD |
3.00375 |
2.444 |
2.72 |
2.93 |
3.08 |
| GBP |
4.07 |
3.62 |
3.86 |
4.04 |
4.16 |
| EUR |
4.06 |
3.69 |
3.94 |
4.14 |
4.24 |
| JPD* |
2.09 |
1.73 |
1.78 |
- |
- |
| CAD* |
3.47 |
2.08 |
2.32 |
- |
- |
| AUD* |
5.65 |
4.54 |
4.91 |
- |
- |
| ( *
Deposits only for three years) |
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|
Account Opening in 2 Steps |
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 |
Click here to
download Account Opening Forms |
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Send the
Completed form and required documents to any one of
our foreign exchange branches |
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Select a Branch for
opening your NRI Deposit Account: |
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