NRE (Non Resident External) Current Account

DCB NRI Services also offers you the choice of maintaining a NRE current account on a repatriable basis. All traditional benefits of a NRE account are available.

Benefits

  • Free International ATM-cum-debit card
  • Free Internet banking, offering 24-hour access to your account
  • Free personalized payable at par cheque book which is honored across all our 72 branches locally
  • Operation through a Mandate Holder facility Download Mandate Form (PDF)
  • Any Branch Banking: Enjoy the convenience of banking at any of our branches seamlessly
  • Monthly e mail statement of account
  • Balances held in the NRE Account, along with interest earned and transferred outside India (Repatreation) without the prior approval of the Reserve Bank Of India
  • Nomination facility
  • Joint account facility (all holders should be NRI)
  • Interest earned on the NRE account is exempt from tax as per clause 4(ii) of Section 10 of the Income Tax Act, 1961
  • Safe Deposit Locker at certain branches, for safety of your valuables and important documents while you are away

How do I fund my NRE Current Account?

  • Funds transferred from abroad in a freely convertible foreign currency in an approved manner or from an existing NRE/FCNR Account held in other banks
  • Directly remit the amount to us
  • Tendering Foreign Currency notes/traveler's cheques brought in during your visit to India

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