#1
27th September 2017, 02:20 PM
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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 ?
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#2
27th September 2017, 03:26 PM
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Re: NRE Account State Bank Of India
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/ FCNR (B) accounts Account can be opened with close resident relatives on "former or survivor" basis Account can be withdrawn for making local payments in Rupees Interest earned on NRE accounts is exempt from Indian Income tax Rupee loan available against NRE Deposits Continuation of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 |
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