-

Comparison Between Different Accounts

NRE Accounts

NRO Accounts

FCNR Deposits

NRE Term
Deposits

NRO Term
Deposits

Type of Account/ Deposit offered by Barclays India

Saving Account (maintained in Rupees)

Saving Account (maintained in Rupees)

Fixed Deposit (maintained in Foreign currency)

Fixed Deposit (maintained in Rupees)

Fixed Deposit (maintained in Rupees)

Benefits

Rupee Account with free repatriation benefits

Rupee Account with free repatriation benefits

Allows you to maintain your overseas funds in foreign currency

Earn higher returns on Rupee funds compared to a savings / current account

Earn higher returns on your Rupee income earned in India compared to a savings / current account.

Minimum Deposit

Rupee Account with free repatriation benefits

Rupee Account with free repatriation benefits

Allows you to maintain your overseas funds in foreign currency

Earn higher returns on Rupee funds compared to a savings / current account.

Earn higher returns on your Rupee income earned in India compared to a savings / current account.

Repatriation

INR 5,00,000

INR 5,00,000

USD 25,000, GBP 15000, EUR 17000

INR 1,00,000

INR 1,00,000

Tax Implications

Tax free in India

Taxes applicable

Tax free in India

Tax free in India

Taxes applicable

Joint Accounts

Only with other Non-Resident Indians

Resident Indians as well as other NRIs

Only with other Non Resident Indian's

Only with other Non Resident Indian's

Resident Indians as well as other NRIs

Whether Rupee as Source of fund allowed ?

No

Yes

No

No

Yes