NRE Account State Bank Of India

Hii sir, I Wants to get the Information About the NRE Account of the State Bank Of India will you Please provide It ?

[pawan]

As you Asking for the Information About the NRE Account of the State Bank Of India the Information is given below

NRE Account

To park your overseas earnings remitted to India and converted to Indian Rupees
Account can be opened either individually or jointly with other NRIs / PIOs / OCIs

Account types permissible:
Savings Bank
Current Account
Term Deposit
Special Term Deposit
Recurring Deposit

Interest Rates
Saving Deposits Balance upto Rs. 1 crore. 3.50% p.a
Saving Deposits Balance above Rs. 1 crore. 4.00% p.a


Funds deposited in the account will be in the form of fresh remittances from overseas or transfer from other NRE / NRO / FCNR (B) accounts
Account can be opened with close resident relatives on "former or survivor" basis
Account can be withdrawn for making local payments in Rupees
Interest earned on NRE accounts is exempt from Indian Income tax
Rupee loan available against NRE Deposits
Continuation of account beyond 6 months will require RBIs approval.

For more Details you may Visit the nearest branch of the State bank of India