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Overview

This account enables NRIs to have a premium operative account in India and save in India at higher rate of interest with repatriation benefits and many free premium value added facilities.

Purpose

To attract High Net Worthy NRI Customers.

Eligibility

Non Resident Indians/Person of Indian Origins.

Initial Balance

Nil.

Balance in the account

Monthly Average Balance (MAB): Rs. 15,000.

Periodicity of interest payment

Interest is calculated on daily product basis and payable on quarterly basis.

Nomination Facility

Available.

Value Added Facilities

• Waiver of minimum balance requirement in the first month of opening the account
  
• Cheque book issuance charges-free
• No Collection charges for collecting demand drafts payable at other centres. Applicable postage and Goods & Service Tax (GST) will be collected.
• Demand Draft / Local Draft facility: Free upto Rs. 50,000 and thereafter at Rs. 1 per Rs. 1,000 thereof.
• RTGS / NEFT charges - Free.
• Intra City: Cash Remittance: Not applicable. Cash Payment at Parent Branch: Free and no limit. Cash Payment at Satellite Branch: Free and no limit in case of Self and Rs. 10,000 in case of Third party. Transfer: Free.
• SMS Alert Charges - Rs. 10 per Quarter.
• Free ATM Card.
• ECS Charge - Debit returns Rs. 250, Credit returns Free.
• Free Internet Banking.
• For ATM Card, AMC Charges as applicable.

Account Statements

Free monthly e-mail statement.

Download the Application Form

Click Here NRE Premium Application Form