NRE
Recurring
Deposit

Axis Bank offers the NRE Recurring Deposits. With NRE recurring deposits, you get easy funding and attractive interest rates along with flexible tenure and full repatriability. All these benefits makes it a great choice.

Flexible Tenure

Flexible Tenure

Flexible Monthly Instalments

Flexible Monthly Instalments

Fully Repatriable

Fully Repatriable

Tax Free Interest

Tax Free Interest

The following individuals are eligible to open NRE Recurring Deposit:


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

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