Manage all your basic rupee transactions in India with ease and peace of mind.
Features
- Opening balance of GBP 500 (UK) / Rs 10,000 (India & UAE)
- Average quarterly balance of Rs 5,000
- FREE ATM / Debit Card
- Higher cash withdrawal and POS limit of Rs 50,000
- Can be opened jointly only with non-resident Indians (NRIs)
- FREE access to over 1.8 million VISA ATMs across the world and 23,000 VISA ATMs in India+
- FREE cheque book
- FREE pay orders from India
- FREE money transfer facility (minimum amount of GBP 250 or its equivalent)*
- FREE monthly statements
- FREE ATM card for your mandate holder
- Interest earned on NRE accounts is not taxable in India
- Nomination facility available
- Funds held in the account are fully repatriable
Permissible Credits
- Remittances from outside India (SWIFT and telegraphic transfers)
- Personal cheque drawn on your account(s) outside India
- Proceeds of foreign currency notes/ travellers cheques tendered by you in person during your visit to India (amounts in excess of USD 5,000 or equivalent in currency or USD 10,000 or equivalent in travellers cheques should be supported by a currency declaration form)
- Foreign currency drafts issued by a bank outside India
- Transfer from another NRE account in India
