Bandhan Bank offers the NRE Fixed Deposit scheme at attractive interest rates with a tenure ranging between 1 year and 10 years. You can add nominees to the account as well.
The main features of the NRE Fixed Deposit account offered by Bandhan Bank are mentioned below:
Only NRI Savings Account holders can open the NRI Fixed Deposit account offered by Bandhan Bank. Indian citizens living outside India can open an account only for the below-mentioned purposes:
Individuals must have a foreign passport (apart from Bangladeshi and Pakistani) and must fulfil the below-mentioned criteria:
|Tenure||Rate of Interest|
|1 year – 18 months||5.75%|
|18 months 1 day – Less than 2 years||5.75%|
|2 years – Less than 3 years||5.75%|
|3 years – Less than 5 years||5.50%|
|5 years – Up to 10 years||5.75%|
Note: Bandhan Bank can change the interest rates at any given time without any prior notice. The above-mentioned interest rates are effective from 1 April 2021.
The minimum deposit amount required to open an account under the Bandhan Bank NRI Fixed Deposit scheme is Rs.1,000.
No, you will not be able to open an account under the Bandhan Bank NRI Deposit scheme if you do not have an existing NRI Saving account with the bank.
The deposits are held in Indian rupees under the Bandhan Bank NRI Deposit scheme. Customers can place any foreign currency which will be converted into Indian rupees.
Yes, the interests earned under the Bandhan Bank NRI Deposit scheme are exempted from Indian Income tax.
Yes, a premature withdrawal option is available under the Bandhan Bank NRI Deposit scheme.
The minimum interest rate offered under the Bandhan Bank NRI Deposit scheme is 3.00%.
No, there are no special offers available for senior citizens opening an account under the Bandhan Bank NRI Deposit scheme.
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