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Deposits
Designed for any person who was an NRI but is now residing in India for a continuous period of not less than 1 year
Safe, high returns on foreign currency deposits without foreign exchange conversion risk
Balance in the account including interest earned is fully repatriable
No foreign exchange risk from conversion into rupees
USD, GBP, EURO, CAD and AUD
Features and Benefits
Documentation
High interest rates on your deposits. For details, check Interest Rates on NRI Deposits
*For all new Reinvestment Term Deposits to be opened on and after 1st August, 2013 and all existing Reinvestment Term Deposits that may be renewed on and after 1st August, 2013, interest reinvested would be net of TDS and hence the maturity value would vary to that extent.
Any permitted foreign currency
Loan or overdraft can be allowed against balances in an RFC account.
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NRE Recurring Deposit
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Introduction of Standing Instruction Bounce Charge w.e.f. May 1, 2016
With effect from 1st July 2016, Demand Draft Charges applicable for Domestic and NRI Savings accounts have been revised
Please note that w.e.f. 1st May 2016, Monthly Service Fees for NRI Savings accounts has been revised.
Axis Bank launches enhanced set-off facility at portfolio level for PIS transactions with effective from 1 April, 2016
Zero processing fee for limited period. For non-axis account holders.
Axis bank personal loans with zero foreclosure and part prepayment
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