The NRE savings account lets you transfer your earnings to India conveniently and securely. You can repatriate the funds held in the account along with the interest earned at any point in time without paying tax on the interest earned.

• The account is maintained in INR only
• Account can be held jointly with a Non-Resident Indian
  (persons of Indian nationality or origin) / or with a Resident Indian (close relative) on former or survivor basis
• You can appoint a mandate holder or authorize a person to operate the bank account on your behalf
• Pay zero tax on the interest earned in your NRE account in India
• Conduct transactions online with 24/7 security via
  Internet Banking
• Competitive exchange rates available when converting foreign currency into Rupees

The Resident Foreign Currency Account (RFC) gives you the opportunity to earn high returns on all funds you hold in foreign currency without the risk of foreign exchange conversion. Your INR savings can also be converted to foreign currency and kept in an RFC.

Credit your RFC account with the entire amount you saved while an NRI, with the ability, ease and flexibility to remit, repatriate and hold your savings in India depending on your preferences and residential status.

• Flexibility in opening account in multiple currencies
  (US Dollars (USD), Pounds Sterling (GBP), Euro (EUR) & Japanese Yen (JPY))
• Withdraw foreign currency as required
• Protection for your savings against exchange rate fluctuations
• No ceiling on the maximum amount you can deposit into the account
• Account can be held jointly by eligible returning NRI