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NRE Rupee Current Account

This account can be opened by NRIs by way of remittance from abroad. These accounts are useful for business transactions for individuals and institutions. (Overseas Corporate Bodies (OCB) cannot have FCNR (B) Deposits effective from 16/09/2003).

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  • Benefits
  • Most Important Terms and Conditions (MITC)

NRE Rupee Current Account : Benefits

NRE Rupee Current Account : Most Important Terms and Conditions (MITC)

  • Quarterly average balance (QAB) of Rs. 50,000 is to be maintained by depositor
  • Penalty of Rs. 500 + service tax as applicable will be charged for non-maintenance of QAB of Rs. 50,000 in account
  • No charges for collection of cheque drawn on self-account/travel cheques/currency notes tendered during personal visit

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