Special Features

  • Remittance as monthly instalments over a period of time. Amount remitted plus interest will be paid on Maturity date.

    Monthly fixed savings
  • Promotes regular savings - meant for fixed income/salaried group
  • Fixed monthly installment for period ranging from 12 months to 120 months
  • No income tax deduction at source on interest

General Features

  • Accounts maintained in Indian Rupees for routing bonafide local remittance like rent.
  • Joint accounts are permitted.
  • Interest earned in the account is subject to Indian Income Tax.
  • Restricted repatriation is  offered.