For an Indian away from his land, a Non-Residential External (NRE) Savings Account is the account where all your overseas remittances can be placed with complete flexibility in repatriation. What’s more...…this is not taxable this can be used for any of your expenses in India. Whether you are a student, a professional, a salaried employee or an entrepreneur, DCB NRE Savings Account can take care of all your banking requirements.

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 (Repatriation) 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 Savings 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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