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Old 7th November 2015, 01:27 PM
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Join Date: May 2012
Posts: 58,013
Default Re: Standard Chartered NRI Account Minimum Balance

The NRE Employee Banking account is an account offered to employees of Corporates in India who are based in overseas location:

Features
No minimum balance requirement
Free employee banking platinum cards
Preferential Forex conversion rates
No tax deduction at source on interest income
Free cash withdrawals in any VISA ATM in India
24 x 7 account access through Secure Internet Banking and Phone banking
Insta account opening facility available

Interest rates on RFC term deposits are

Tenor Term Deposit Rate % p.a S.E.R % p.a.
USD
1 Day to < 6 Months 0.25
6 Months to < 1 year 0.5
6 Months 0.50001
1 Year to < 2 Years 1
12 Months 1.00258
2 Years 1.5 1.51731
Tenor
GBP
1 Day to < 6 Months 1.5
6 Months to < 1 year 1.5
6 Months 1.5 1.50009
1 Year to < 2 Years 2.5
12 Months 2.5 1615
2 Years 2.6 2.6522

Tenor
EURO
1 Day to < 6 Months 0.5
6 Months to < 1 year 0.5
6 Months 0.50001
1 Year to < 2 Years 1.5
12 Months 1.50581
2 Years 1.5 1.51731
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