Overview
A non-interest bearing Rupee account to transfer your overseas earnings in India.
Features of NRE Current Account
Quarterly Balance
Low Average Quarterly Balance of Rs 10,000 ( A& B Category Branches)/ Rs 5000 ( C& Rural Category)
International Debit Card
International Debit Card allows access to your bank account anytime, anywhere both in India and Abroad
Free Cheque Book
Free Payable at par cheque book for use in India.
Digital Banking
Access to Best-in-class Digital Banking – Net Banking, Mobile Banking and Video Branch
Multiple Electronic Option
Host of Online and Telegraphic options to transfer funds to India
Fund Repatriable
Funds are fully and freely repatriable
Indian Rupees
The funds are maintained in Indian Rupees
Joint Account
The account can be opened jointly with a NRI/PIO or a Resident Indian Close Relative on Former or Survivor basis.
Mandate Holder
Appoint a mandate holder to operate your account in India.
NRE Current Account Eligibility Criteria
Eligibility Criteria
- NRIs and PIOs.
- Seafarers of Indian nationality / origin employed by overseas shipping companies
- Students pursuing studies in foreign countries.
Documentation
- Recent passport photograph
- Photocopy of the pages of the passport containing passport details and personal details
- Copy of Permanent Account Number (PAN) / Form 60 (in absence of PAN)
- Copy of valid proof of NRI status - Resident permit / Work permit/ Employment Visa/ others
- Document confirming either overseas or Indian address.
- In case of Seafarers, copy of CDC and Employment contract is mandatory
