In which currency is my NRE savings account maintained?

Your NRE savings account will be maintained in Indian Rupees.

Can I repatriate funds held in my NRE savings account?

Yes, the funds held in your savings account are fully and freely repatriable (both principal and Interest).

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

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.

How does average quarterly balance calculated?

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.

Are these accounts taxable in India?

As per current guidelines, the principal amount as well as interest earned on NRE Account is exempted from Income Tax in India.

NRE Rupee Savings Account Eligibility Online

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An NRI is an Indian citizen who stays outside India:

For employment or business; or
Intends staying outside India for an uncertain period; or
Is an official deputed abroad by Government / Public Sector Undertakings on temporary assignments

PIOs – Persons of Indian Origin

A foreign citizen is deemed to be of Indian origin if:

He/she, at any time held an Indian passport
He/she or either of his/her parents or any of his/her grandparents was a citizen of India
He/she is a spouse of a PIO / Indian citizen

NRE Rupee Savings Accounts Eligibility

Eligibility

An NRI is an Indian citizen who stays outside India:

A foreign citizen is deemed to be of Indian origin if:

Disclaimers

Frequently Asked Questions

In which currency is my NRE savings account maintained?

Can I repatriate funds held in my NRE savings account?

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

How does average quarterly balance calculated?

Are these accounts taxable in India?

NRI Contact Form

NRE Rupee Savings Accounts Eligibility

Eligibility

An NRI is an Indian citizen who stays outside India:

A foreign citizen is deemed to be of Indian origin if:

Disclaimers

Frequently Asked Questions

In which currency is my NRE savings account maintained?

Can I repatriate funds held in my NRE savings account?

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

How does average quarterly balance calculated?

Are these accounts taxable in India?

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