Special Features

  • Reinvestment plan with interest-compounded quarterly
  • Fixed deposit for periods ranging from 1 year to 10 years
  • Compounding of interest quarterly - yields higher effective returns
  • Provision for automatic renewal at maturity

General Features

  • Principal and Interest can be repatriated
  • Joint accounts are permitted.
  • No Income tax deduction at source on interest
  • Balance is exempt from wealth tax and interest earned is exempt from Income Tax.
  • Loans can be availed against security of NRE Term Deposit.