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NRE Rupee Savings Account Features
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NRI > Account > NRE Account

NRE Rupee Savings Account – IDBI Bank NRE Account


Current / Savings / Term Deposits / Recurring Deposit accounts can be opened under this scheme. NRIs/PIOs can hold funds in convertible Indian rupees.

Entire balance, including interest earned thereon, can be converted into any convertible currency at ruling exchange rates and freely repatriated abroad.

Entire interest income from a NRE account is exempt from Income Tax under the provisions of Income Tax Act in India.

Accounts can be opened through the following modes:

  • Bullet Remittances in any convertible currencies from abroad, which will be converted at ruling exchange rates into Indian rupees


  • Bullet Transfers from existing NRE/FCNR accounts / deposits


  • Bullet Foreign exchange brought into India during visits to India





Non-Resident External (NRE) Rupee Savings Account Features
The NRE Rupee Savings Account is packed with the best of services that meet your varied needs.

  • Bullet Interest is offered at 4% p.a. calculated on daily balance maintained in the account


  • Bullet Joint Account can be opened with NRIs and Resident Indians. Joint Account with Resident Indians can be opened on Former or Survivor basis only


  • Bullet International Debit-cum-ATM Card


  • Bullet Internet Banking facility


  • Bullet Mandate facility to enable your family member to operate your account on your behalf.





Non-Resident External (NRE) Fixed Deposits
Our NRE Fixed Deposits add value to your money. You can open fixed deposits for as low as Rs.10, 000/- and make your money grow.

NRE Fixed Deposit Features

  • Bullet Attractive Interest rates


  • Bullet FD Tenure – 1 year to 10 years


  • Bullet Interest payout at Monthly basis, Quarterly basis or Cumulative interest credit on maturity


  • Bullet No penalty on pre-mature closure. No interest will be paid on NRE deposits closed pre-maturely in less than a year


  • Bullet Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank, whichever is lower


  • Bullet Easy loan against deposits


  • Bullet Automatic renewal of FD on maturity if instructed accordingly





Non-Resident External (NRE) Recurring Deposits
NRE RD is an ideal tool to invest a fixed sum every month over a period of time from your NRE account.

NRE Recurring Deposits Features

  • Bullet Attractive Interest rates


  • Bullet RD Tenure – 1 year to 5 years


  • Bullet Installment amount per month – Rs. 1000 to Rs. 10 lacs


  • Bullet No penalty on pre-mature closure. No interest will be paid on NRE deposits closed pre-maturely in less than a year


  • Bullet Interest payable on prematurely withdrawn deposits will be the contracted rate or the rate applicable for which the deposit remained with the Bank, whichever is lower


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