NRE Term Deposit Account

BOI

Repatriation

Freely Repatriable

BOI

Deposit

Currency of deposit

Indian Rupees(INR)

Deposit Period

12 months to 120 months

Interest & Taxation

Interest Rate

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

Taxation

Exempt from Income Tax

BOI

Who can open?

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

Joint Account

Permitted

Nomination

Facility available

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NRE-Term-Deposit-Account