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Account Type

NRE Savings bank Account(NRE SB)


Non-Resident (External)
Rupee Account(NRE)-Savings Bank(SB)



Type of Accounts


Opening of Accounts/Sources of Funding The Accounts

1. Funds remitted from abroad in any permitted currency through banking channels
2. Depositing Cheque/ draft drawn in Foreign currency or INR.
3. Transfer from other NRE/FCNR accounts of the same account holder or another account holder with our bank or other bank accompanied by a certificate from paying bank.
4. Surrender of foreign currency/ foreign currency travelers’ cheques to the bank by the account holder in person.
5. Note : Third party TCs are not permitted.


As Applicable to Domestic Savings Account

Who Can Open

NRI/PIOs/OCIs(Other than Person resident in Nepal and Bhutan)(individual from Pakistan and Bangladesh require prior approval from RBI)

Joint Account With

Permitted with Resident Indian as well as with NRIs/PIOs/OCIs. If A/c is joint with Resident Indian the joint account holder should be close relative as per RBI guidelines and the operation in the account shall be 'former or Survivor' only.



Minimum Balance

Rs. 1000/- (for Metro & Urban)
Rs. 500/- (For SU/ rural)

Tax on Interest Income

No TDS on Income tax on interest earned

Operation by Power of Attorney
 in Favour of a resident

Operation in the accounts in terms of power of attorney is restricted to withdrawals for permissible local payments and for investment in the name of account holder. Remittance to the account holder abroad is permitted, if PA document provides for the same.

Repatriation of Funds

Principal & Interest amount are fully and freely repartiable

Type of ATM/Debit Card

Classic Card

Debit Card Charge

Issue Charge-Free
Annual maintenance charge-As per applicable charges.

Access to own Bank ATM

8 transactions (financial+non-financial) per month free.

Access to other Bank ATM 3 transactions (financial + non-financial) per month at Metro or 5 transactions (financial + non-financial) per month at other centers are free.
ATM Cash Withdrawal Limit Rs. 25,000/- Per day
POS Limit Rs. 50,000/- Per day
Cheque leaves including personalized cheque leaves 20 leaves free/year. Beyond 20 leaves as per applicable charges