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18th September 2017, 09:51 AM
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Join Date: Aug 2012
Re: NRI Account In Karur Vysya Bank

As you Asking for the Information About the NRI Account of the Karur Vysya Bank the Information is as follow

Non-Resident External Savings and Current accounts enable Indians who are resident abroad to transfer funds and perform other banking activities even while not in India. The main advantage of an NRE account is that interest earned and deposit amounts are both exempt from tax.

Benefits And Features

Funds held in NRE accounts can be repatriated abroad easily and conveniently.
Nominations in favour of the NRI, PIO or a Resident Indian are allowed for all NRE accounts.
The interest earned on NRE deposits is exempt from income tax and the NRE deposit amount is exempt from wealth tax.
If deposits mature on Sundays, holidays or non-business working days, the interest at the originally contracted rate of interest shall be paid for the intervening days i.e. from the due date to the actual date of payment.

Interest Rates :

Time Bucket Revised rate
(w.e.f. 07.05.2017)
1 year to less than 2 years 6.75%
2 years to less than 3 years 7.00%
3 years and above 7.00%


Documents Required
Copies of Passport/ Visa / Green Card
Photographs of the each of the account holder (one each to be affixed in account opening form)
Overseas and local addresses with contact Phone/Fax numbers, e-mail address etc.
Specimen signature of the applicants to be verified by the Indian Embassy/Consulate/ overseas Bank or Notary Public on the application form or on a separate paper and such documents should be sent along with account opening form.


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