NRE Fixed Deposits

Special Features

• Simple interest will be paid quarterly.
• Monthly interest pay out  is also available at discounted rate.
• Deposits can be made for period ranging from 1 year to 10 years
• Interest can be withdrawn periodically or transferred to other accounts as per your instructions compliant to the rules and regulations.

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.