NRI Banking: Home >> Bank Accounts >> NRE (Non-Residential External) Fixed Deposit Account

NRE (Non–Resident External) Fixed Deposit Account

NRE Fixed Deposit Account
Safe investment, high returns, flexible deposit tenure, and no taxes for your foreign earnings.



What are NRE Fixed Deposits?

  • NRE Fixed Deposits are a high-return Rupee deposit option to invest your foreign income.

Why choose NRE Fixed Deposits?

  • With NRE Fixed Deposits, you earn high tax free interest and get complete repatriability on your foreign earnings plus loan upto 90% of your deposit at attractive interest rates.

Features and Benefits

  • Flexibility: Fund your account with any convertible currency.
  • Low deposit amount: INR 25,000 .
  • Hassle-free renewal: automatic renewal of your principal and interest on maturity.
  • Favourable exchange: Competitive exchange rates on conversion of your foreign currency into rupees.
  • Easy movement: Principal amount and interest earned are fully repatriable.
  • Tax benefit: Interest earned not taxable in India.
  • Attractive loan options: Attractive loan options: loans up to 90% of your deposit at attractive interest rates.
  • Quick processing: Electronic Deposit Confirmation Advise (E-DCA) on your e-mail ID within 1 working day (if you have subscribed for account statement via e-mail).

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General

Who is an NRI?
Who is a PIO?
What type of bank accounts can be opened by NRIs / PIOs?
 

Opening

How can I open an NRE Savings account?
What are the documents that I have to submit to open a NRE Savings Account?
 

NRE FD

What is the minimum amount with which I can open a NRE Fixed Deposit?
Are my NRE Fixed Deposits funds repatriable?
Is interest earned on NRE Fixed Deposit taxable in India?
What is the tenure for which I can open a NRE Fixed Deposit?
Can I have a joint account holder for this account?
 

Account Usage

What will happen to my fixed deposits once it matures and I forget about it?
Will I get a Cheque Book and an ATM-cum-Debit Card when I open an FCNR /NRE/NRO/RFC Fixed Deposit?
How can I renew my FD?
How can I repatriate funds from my NRE/FCNR/RFC account?
 

Account Closure

How can I request for closure of Fixed Deposits?
Can I close my NRE Fixed deposit prematurely?
 

Mandate Facility

Can I appoint a mandate holder for my FCNR/RFC/NRE/NRO Fixed Deposits accounts?
 

Nomination Facility

How can I register a nominee on my account?
How can I cancel a nominee in my account?
How can I update a new nominee on my account?
How can I declare for “No nominee” on my account?
Can I nominate more than one person for one account?
Can I register different nominees for different accounts?
If I register a nominee when I open the account, do I have to fill in the nomination every time I make a new deposit?
 

Loan Against Deposit

Can I get loans against my NRE fixed deposits?
 

DNC

How do I register myself under “Do not call”
I have already registered under “Do not call”. However, I have been receiving promotional calls/ emails from you?
My country is not reflecting in the drop down menu present on the site. What should I do?
 

What can you do next?

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Repatriability: Transferability (of funds) from India to foreign countries.
Repatriable: Transferable (funds) from India to foreign countries.
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