Overview of NRE FD Account
NRE Fixed Deposit is tax-free and fully repatriable Indian Rupee deposit account for NRIs & PIOs to earn high returns from income earned through foreign sources.
Features of NRE Fixed Deposit
Repatriable
Funds are fully and freely repatriable (both principal and Interest)
TAX Exempt
Interest Earned is exempt from tax in India
Indian rupees
The funds are maintained in Indian rupees.
Tenure
The deposit can be opened for tenures ranging from a minimum of 1year upto a maximum of 10 years.
NRI Fixed Deposit
To earn interest on NRE fixed deposit, it needs to be kept for a minimum of one year
Interest
Interests on NRE deposit is compounded quarterly
