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  • Interest can be withdrawn periodically or transferred to other accounts as per your instructions compliant to the rules and regulations.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.