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.