Kalpakanidhi NRE Term Deposits

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.