NRE Savings Interest Rates (as on 19 Nov 2018)

NRE Savings Account is an account which is opened by an NRI (Non Resident Indian) to park his/her overseas earnings remitted to India converted to Indian Rupees. This account is maintained in rupee. It offers the entire standard banking facilities such as issuance of cheque book/ debit card, nomination facility and other remittance facilities. The account holder will receive interest on the money deposited under this account which differs from bank to bank.

provides different services to its customers some of them are Home loan,Personal loan,Car loan,Two Wheeler loan, Gold loan. You can get IFSC Code,MICR Code, Swift Code for NEFT, RTGF fund transfer.

Key features and Benefits of Non Resident External (NRE) Savings Account

  1. Maintained in rupee.
  2. Both the principal as well as the interest can be repatriated.
  3. Interest is payable usually on a half yearly basis.
  4. Offers easy liquidity.
  5. Offers remittance facility.
  6. Get the cheque book facility.
  7. Provision for nomination. Nominee can be Resident or Non-resident or PIO(person of Indian Origin)
  8. Local Rupee Cheques (drawn in India) cannot be deposited in this account.
  9. Cash in rupees cannot be deposited in this account.
  10. Money in this account can be transferred from any non-resident (External) Rupee Savings and Fixed / Term Deposit account or Foreign Currency Deposit (FCNR) account.
  11. No income tax liability.

Upcoming Bank Holidays

2018 November 20 is a bank holiday in Kerala due to Milad-i-Sherif (Birthday Of Prophet Muhammed).
2018 November 21 is a bank holiday in Andhra Pradesh due to Eid Milad-un-Nabi\Eid-e- Milad (Prophet Mohhammad's Birthday)/Barawafat.
2018 November 23 is a bank holiday in Andaman And Nicobar Island due to Guru Nanak Jayanti/Kartika Purnima/Seng Kut Snem/Friday Following Eid-I-Milad-ul-Nabi.
2018 November 26 is a bank holiday in Karnataka due to Kanakadasa Jayanthi.
2018 December 03 is a bank holiday in Goa due to Feast Of St.Francis Xavier.
2018 December 05 is a bank holiday in Jammu And Kashmir due to Birthday Of Sheikh Mohammad Abdullah.

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