In which currency is my NRE current account maintained?

Your NRE current account will be maintained in Indian Rupees.

Can I repatriate funds held in my NRE current account?

Yes, the funds held in your current account are fully and freely repatriable.

What is the minimum amount required to open NRE current account?

The minimum amount required to open NRE current account is Rs. 25,000/- or its equivalent in foreign currency. You would be required to maintain an Average Monthly Balance of Rs. 25,000/- only.

How is average monthly balance (AMB) calculated?

Average monthly balance is the sum of daily closing balance of all the calendar days in a month divided by the number of days in that month.

Can I have a joint account holder in my NRE current account?

Yes, you can open NRE current account jointly with Non Resident Indians / Person of Indian Origin.

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General Schedule of Fees & Charges (GSFC) For NRE / NRO Savings, Current, Corporate Salary, PINS Accounts, Foreign Tourists/Students NRO Accounts & Foreign National (Bangladeshi/Pakistani) NRO Accounts
Average Monthly Balance (AMB)	10,000	Nil	5,000	Nil	25,000	1,00,000
Non Maintenance Charge	Non maintenance of minimum monthly average balance <>	6% of the shortfall in required AMB per month (Max upto Rs 500/-)	NA	6% of the shortfall in required AMB per month (Max upto Rs 500/-)	NA	6% of the shortfall in required AMB per month (Max upto Rs 500/-)	6% of the shortfall in required AMB per month (Max upto Rs 600/-)
Debit/ATM Charges
Debit Card annual charges	Annual fees as per Debit Card GSFC detailed below
Non Kotak Domestic ATM - Cash Withdrawal / Non-Financial Transactions	Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @nil charges in metro cities*, thereafter Financial Txn - 21/txn, Non-Financial - 8.50/txn	Maximum of 10 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @nil charges in metro cities*, thereafter Financial Txn - 21/txn, Non-Financial - 8.50/txn	Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @nil charges in metro cities*, thereafter Financial Txn - 21/txn, Non-Financial - 8.50/txn	NA	Nil	Nil
Cash Withdrawal/Non-Financial Transaction at International ATM	Cash Withdrawal - 150/txn Non Financial - 25/ txn	Cash Withdrawal - 150/txn Non Financial - 25/ txn	Cash Withdrawal - 150/txn Non Financial - 25/ txn	NA	Cash Withdrawal - 150/txn Non Financial - 25/ txn	Cash Withdrawal - 150/txn Non Financial - 25/ txn
Transactions declined at merchant outlets /websites /ATMs^##, due to insufficient balance	25 per transaction	25 per transaction	25 per transaction	NA	25 per transaction	25 per transaction
Cheque return/SI/Transaction failure
ECS Return/Cheque Issued & Returned (Financial Reason)^<>	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month	350 for first return in a month thereafter 750 for each additional return in the same month
Cheque Issued & Returned (Technical Reason)	50	50	50	50	50	50
Cheque Deposited & Returned (INR)	200	200	200	200	200	200
Standing Instruction - Failure	100	100	100	NA	100	100
Cheque Deposited & Returned (FCY)	1000	1000	1000	1000	1000	1000
Foreign Exchange Services (FES)/Remittance Not allowed for non-broker third party transactions
FCY DD/ FCY Cheque Collection	500	500	500	500	500	500
SWIFT Charges^	500	500	500	500	500	500
Outward Remittance Charges^$	1000	1000	1000	1000	1000	1000
Foreign Bank Charges^$	1250	1250	1250	1250	1250	1250
DD / PO / BC Revalidation / Cancellation - FCY	500	500	500	500	500	500
Other Charges
TOD Charges	500	500	500	500	500	500
TC Encashment	0.3% of TC Amount (Min 50)	0.3% of TC Amount (Min 50)	0.3% of TC Amount (Min 50)	0.3% of TC Amount (Min 50)	0.3% of TC Amount (Min 50)	Nil
Debit Card Annual Charges
Pay Shop More/ Silk/ Rupay Debit Card	259 p.a	Free for 1st year, therafter 259 p.a	259 p.a	NA	259 p.a	Nil
Business Platinum	259 p.a	259 p.a	259 p.a	NA	259 p.a	Nil
Visa Platinum	750 p.a	750 p.a	750 p.a	NA	750 p.a	Nil
Replacement of Lost / Stolen Debit Card	200 p.a	200 p.a	200 p.a	NA	200 p.a	Nil
Image Debit Card Issuance Fee**	199	199	199	NA	199	199
Goods and Service Tax (GST) on Foreign Currency Conversion Charges (FCY)~
Value of Purchase / Sale of FCY	Value on which GST rate will be applicable
Up to Rs 1,00,000	1% of the gross amount of the currency charges or minimum of Rs 250/-
Above Rs 1,00,000/- to Rs 10,00,000/-	1000 + 0.50% of the gross amount of currency exchanged less 1,00,000
Above Rs 10,00,000/-	Rs 5,500/- + 0.10% of the gross amount of currency exchange less 10,00,000 subject to maximum of Rs 60,000/-

General Schedule of Fees & Charges (GSFC) For NRE / NRO Savings, Current, Corporate Salary, PINS Accounts,
Foreign Tourists/Students NRO Accounts & Foreign National (Bangladeshi/Pakistani) NRO Accounts

Accounts effective January 1st, 2025 (Amount in Rs. Unless otherwise specified)

Particulars

NRE / NRO Savings A/c

NRE Mariner Savings A/c

NRE / NRO Nova Savings A/c

NRE / NRO PINS A/c

NRE / NRO Current A/c

NRE / NRO Platina Savings Ac

Average Monthly Balance (AMB)

10,000

Nil

5,000

Nil

25,000

1,00,000

Non Maintenance Charge

Non maintenance of minimum monthly average balance <>

6% of the shortfall in required AMB per month
(Max upto Rs 500/-)

6% of the shortfall in required AMB per month
(Max upto Rs 600/-)

Debit/ATM Charges

Debit Card annual charges

Annual fees as per Debit Card GSFC detailed below

Non Kotak Domestic ATM - Cash Withdrawal / Non-Financial Transactions

Maximum of 5 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @nil charges in metro cities*, thereafter
Financial Txn - 21/txn,
Non-Financial - 8.50/txn

Maximum of 10 transactions @ nil charges (incl. financial & non-financial) in a month with a cap of maximum 3 transactions (incl. financial & non-financial) @nil charges in metro cities*, thereafter
Financial Txn - 21/txn,
Non-Financial - 8.50/txn

Nil

Cash Withdrawal/Non-Financial Transaction at International ATM

Cash Withdrawal - 150/txn
Non Financial - 25/ txn

Transactions declined at merchant outlets /websites /ATMs^##, due to insufficient balance

25 per transaction

Cheque return/SI/Transaction failure

ECS Return/Cheque Issued & Returned (Financial Reason)^<>

350 for first return in a month thereafter 750 for each additional return in the same month

Cheque Issued & Returned
(Technical Reason)

Cheque Deposited & Returned (INR)

200

Standing Instruction - Failure

100

Cheque Deposited & Returned (FCY)

1000

Foreign Exchange Services (FES)/Remittance Not allowed for non-broker third party transactions

FCY DD/ FCY Cheque Collection

500

SWIFT Charges^

500

Outward Remittance Charges^$

1000

Foreign Bank Charges^$

1250

DD / PO / BC Revalidation / Cancellation - FCY

500

Other Charges

TOD Charges

500

TC Encashment

0.3% of TC Amount
(Min 50)

Nil

Debit Card Annual Charges

Pay Shop More/ Silk/ Rupay Debit Card

259 p.a

Free for 1st year,
therafter 259 p.a

259 p.a

Nil

Business Platinum

259 p.a

Nil

Visa Platinum

750 p.a

Nil

Replacement of Lost / Stolen Debit Card

200 p.a

Nil

Image Debit Card Issuance Fee**

199

Goods and Service Tax (GST) on Foreign Currency Conversion Charges (FCY)~

Value of Purchase / Sale of FCY

Value on which GST rate will be applicable

Up to Rs 1,00,000

1% of the gross amount of the currency charges or minimum of Rs 250/-

Above Rs 1,00,000/- to Rs 10,00,000/-

1000 + 0.50% of the gross amount of currency exchanged less 1,00,000

Above Rs 10,00,000/-

Rs 5,500/- + 0.10% of the gross amount of currency exchange less 10,00,000 subject to maximum of Rs 60,000/-

NRE Rupee Current Account

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Frequently Asked Questions

In which currency is my NRE current account maintained?

Can I repatriate funds held in my NRE current account?

What is the minimum amount required to open NRE current account?

How is average monthly balance (AMB) calculated?

Can I have a joint account holder in my NRE current account?

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NRE Rupee Current Account

Ready to take the next step?

Frequently Asked Questions

In which currency is my NRE current account maintained?

Can I repatriate funds held in my NRE current account?

What is the minimum amount required to open NRE current account?

How is average monthly balance (AMB) calculated?

Can I have a joint account holder in my NRE current account?

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