BMB NRE Account

NRE Saving Bank Account Features

  • Average quarterly minimum balance:- Rs.1000/-
  • Minimum balance for opening account:-ZERO

Interest

  • 4.5% p.a. for balance up to Rs.1,00,000/- and 5% on entire balances over Rs1,00,000/-.

Benefits

  • Interest income is tax free in India
  • Balances held in such accounts are exempt from Wealth Tax.
  • Free debit card cum ATM card for first year.
  • Free unlimited transactions at Own bank’s ATMs
  • Free 25 leaves of cheque book per year
  • Free internet banking
  • Free monthly account statement by e- mail
  • Free 120 debit transactions per year.

Eligibility

  • NRI/PIO*
    *Jointly with resident (close relative*)/non-residents/PIO
  • Documents required:-
    NRI PIO
    • Copy of the relevant pages of Passport
    • Copy of valid Visa/Work permit
    • Copy of Marriage Certificate (For woman who got married to NRI/PIO)
    • Copy of the relevant pages of passport
    • Any one of the following: Copy of PIO/OCI card
      • Copy of relevant pages of passport of parents or grandparents
      • Copy of Marriage Certificate (for woman who got married to NRI/PRO)

    *Restrictions as per bank’s rules

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NRE Term Deposit Features

  • Minimum balance for opening account :- Rs 1000/-
  • Investment term :- Minimum 1 year, maximum 10 years.

Interest

  • Interest paid on maturity/quarterly on term deposits.
  • No interest is payable if deposit is withdrawn before one year

Benefits

  • Interest income is tax free in India
  • Loan/Overdraft available against deposits
  • Balances held in such accounts are exempt from Wealth Tax.

Eligibility

  • NRI/PIO*
    *Jointly with resident (close relative*)/non-residents/PIO

more...

NRE Recurring Deposit Features

  • Minimum balance for opening account :- Rs 1000/-
  • Investment term :- Minimum 1 year ,maximum 10 years .

Interest

  • Interest As applicable to term deposit
  • No interest is payable if deposit is withdrawn before one year

Benefits

  • Interest income is tax free in India
  • Balances held in such accounts are exempt from Wealth Tax.
  • Premature withdrawals Permitted

Eligibility

  • NRI/PIO*
    *Jointly with resident (close relative*)/non-residents/PIO

more...

More products: 
  • Lockers available at our Branches in Mumbai, Raipur, Dehradun, Kanpur, Kolkata, Thiruvananthapuram, Ranchi, Agra, Chennai, Jaipur, Agartala, Alwar, Bengaluru, Chandigarh, Panaji, Gurgaon, Lucknow, Hyderabad, Kochi, Panchkula, Indore, Bhubaneswar, Bhubaneswar, Thane, Najafgarh

  • Lockers available at our Branches in Agartala, Agra, Alwar, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Goa, Gurgaon, Hyderabad, Indore