A Savings Account with us allows you to route all your personal financial transactions in a secure and convenient way.
- Can be opened with
- direct remittance from abroad
- transfer from existing NRE, FCNR(B) accounts
- foreign currency note, travellers cheque tendered personally by NRIs during their visit to India.
- Joint accounts are permitted.
- Residents in India can be authorised to operate the account for local payments.
- Standing instruction for remittance of insurance premium, rent and similar payments carried out
- Interest will be allowed at 4% per annum or at the rate fixed by RBI from time to time, on a daily product basis.
- Value Added Services such as Global ATM-cum-Debit Card, Internet Banking, Mobile Banking etc. offered
- Repatriation of credit balance permitted.
- No Income tax deduction at source on interest
- Balance is exempt from wealth tax and interest earned is exempt from Income Tax.
You may choose one of the following types of Savings Accounts.