1. The balance in the account can be repatriated outside India any time
2. Balance in the accounts are free from Wealth Tax
3. Nomination facility is available
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.
To attract High Net Worthy NRI Customers.
Non Resident Indians/Person of Indian Origins.
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.
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.