NRE Savings Account

BOI

Ancillary Services

  • Free Internet banking
  • Missed Call alert facility for obtaining account balance
  • Free utility bills payment facility through E-pay
  • ATM-cum-International Debit Card (EMV Chip based)

Repatriation

Principal and interest are fully repatriable

BOI

Currency

INR

Fund Transfer

Free fund transfer within bank (Self or Third Party) . Free NEFT/RTGS through Net banking

Interest Rate

Rate as advised by Bank from time to time as per stipulated guidelines and will be displayed on the website

Taxation

Interest earned is exempted from Tax in India

BOI

Who can open?

NRIs (individuals/entities of Bangladesh or Pakistan nationality/ownership require prior approval of RBI).

Joint Account Facility

Account can be held jointly with a Resident Indian (Former or Survivor basis). Resident Indian can operate the account only as a Mandate / POA holder and must be a close relative of the NRI Account holder as defined under Section 6 of the Companies act, 1956.

Mandate Holder

An Indian resident can be authorized to operate the account and provided with an ATM card for the account

Nomination 

Facility available

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NRE-Savings-Account