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NRE Rupee Savings Account
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For Kotak Bank Customers
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Experience the all-new Kotak Netbanking Lite
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Explore a simple and smart way to move your foreign earned funds to India without paying any tax on interest.
Low Average Monthly Balance of Rs. 10,000/- only
Easy and Economical Remittances into India by Cheque or Wire Transfer
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Preferential Forex rate for transaction above USD 10,000/- or equivalent
Personalized investment advisory customized to risk return
*Subject to nominal foreign currency conversion charges.
Your NRE savings account will be maintained in Indian Rupees.
Yes, the funds held in your savings account are fully and freely repatriable (both principal and Interest).
The minimum amount required to open NRE savings account is Rs. 10,000/- or its equivalent in foreign currency. You would be required to maintain an Average Monthly Balance of Rs. 10,000/- only.
Average quarterly balance is the sum of daily closing balance of all the calendar days in a quarter divided by the number of days in that quarter.
