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Rupee Fixed Deposits - NRE Fixed Deposits
 
  Features & Benefits     Am I eligible?     Charges     Interest Rates     Funding your account  


Funding your account
 
To deposit money in your NRE Fixed Deposit, you can:
  • Transfer funds from abroad in a freely convertible foreign currency.
  • Tender foreign currency notes/traveller's cheques brought to India by you or another NRI.
  • Transfer funds from an existing NRE/FCNR Account held in other banks
    Upon change of status from NRI to RI the responsibility of informing the bank remains with the customer.
  • NRO account can be held in Rupees only.
  • NRO accounts can be held jointly with Residents.
  • In case of change of status of a person from Resident to Non-Resident, his existing Resident Account has to be designated as an NRO Account.
 
 
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