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NRI Reccuring Deposits

NRE Reccuring Deposits - Build up your savings through a systematic and simple plan that allows you to pool in large savings by small instalments.

Ideal and convenient for periodical savings, when you don’t have a large initial capital to invest. NRE Recurring Deposit enables you to build up a sizable capital over a period, in a regular and systematic way.

Features & Benefits

Minimum – Rs 50/- per month (in multiples of Rs 50/-). No ceiling on maximum amount.
Deposit can be opened for period ranging from 1 Year to 10 years.(In multiples of 3 months).
Standing instruction facility will enable automatic transfer of installment amount from your NRE savings account.
Earn Interest at Cumulative Fixed Deposit rates, compounding quarterly.
Premature closure is allowed at any point of time with a penalty@1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
Loan facility is available for Reccuring deposit against the amount present in your deposit account, subject to terms and conditions with interest @ only 2% above deposit rate.
Nomination Facility available.

Interest Rates & Charges

For Deposit interest rates. Click here
For Service charges and fees. Click here