NRE Savings Bank Account
General feature of all NRE (Non-Resident Emigrant) Deposits :
- For NRE (Non-Resident Emigrant) Deposits, normal service charges and TDS (Tax Deducted at Source) are not applicable.
- Nomination is require_onced for all accounts.
- Interest charged on daily product basis and credited in September and March every year. (Present rate is 4%).
- Upto 25 withdrawals during a calender quarter is permitted.
- Cheque book facility available.