NRE Reccuring Deposits - Build up your savings through a systematic and simple plan that allows you to pool in large savings by small instalments

Ideal and convenient for periodical savings, when you don’t have a large initial capital to invest. NRE Recurring Deposit enables you to build up a sizable capital over a period, in a regular and systematic way.

Features & Benefits

  • Minimum – Rs 50/- per month (in multiples of Rs 50/-). No ceiling on maximum amount.
  • Deposit can be opened for period ranging from 1 Year to 10 years.(In multiples of 3 months)
  • Standing instruction facility will enable automatic transfer of installment amount from your NRE savings account
  • Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
  • Premature closure is allowed at any point of time with a [email protected]% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loan facility is available for Reccuring deposit against the amount present in your deposit account, subject to terms and conditions with interest @ only 2% above deposit rate.
  • Nomination Facility available

How to Open?

  • NRE Reccuring deposits can be opened by visiting our branch.

Rates & Charges

  • Minimum – Rs 50/- per month (in multiples of Rs 50/-). No ceiling on maximum amount.
  • Deposit can be opened for period ranging from 1 Year to 10 years.(In multiples of 3 months)
  • Standing instruction facility will enable automatic transfer of installment amount from your NRE savings account
  • Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
  • Premature closure is allowed at any point of time with a [email protected]% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loan facility is available for Reccuring deposit against the amount present in your deposit account, subject to terms and conditions with interest @ only 2% above deposit rate.
  • Nomination Facility available
  • NRE Reccuring deposits can be opened by visiting our branch.


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