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Deposits can be opened for periods ranging from 1 year to 5 years in any of the five designated currencies
viz. Pound Sterling, US Dollar, EURO, Australian Dollar and Canadian Dollar.
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Deposits can be made by remittances from abroad
or by funds held in existing NRE accounts.
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Accounts can be opened jointly with other Non-Resident
Indians.
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No Exchange loss as interest and principal amounts
are payable in the same currency in which it is deposited.
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Interest is compounded every half yearly.
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Loan Facility is available upto a maximum of Rs. 20 lakhs.
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Nomination facility is available.
