With Axis Bank NRE Rupee Deposits, you can now get higher interest rates and tenure starting from 1 year with seamless repatriability. Along with flexible tenure earn a tax-free interest. Below we have listed down the different benefits of NRE Rupee Deposits

The following individuals are eligible to open an NRE Fixed Deposit Account:

NRI (Non Resident Indian)
An Indian citizen residing outside India for the purpose of:

  • Employment, studies, business or vocation
  • Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings
  • Indian nationals who may be Mariners or working on oil rigs or foreign registered airlines

PIO (Person of Indian origin)/ OCI (Overseas Citizen of India)
An individual holding a Foreign passport (other than Pakistani and Bangladeshi) who:

  • Has held an Indian passport at any point of time
  • Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955
  • Is a spouse of an Indian Citizen or spouse of PIO

NRI Easy Guide

NRI Easy Guide