NRE Fixed Deposit account with DCB is one of the most preferred investment options for non-resident Indians. It’s safe, liquid, funds are 100% repatriable outside India and earns good returns.

Benefits

• Minimum NRE Fixed Deposit (FD) account: INR 5,000
• Loan against deposit up to 90% at attractive interest rates
• Attractive Interest Rates
• Option of earning in Rupees
• Principle and Interest is Freely Repatriable
• Electronic Deposit Confirmation Advice (E- DCA) on your e-mail id within 1 working day (If you have subscribed for account statement via e-mail)
• Competitive exchange rates on conversion of your foreign currency into rupees
• Tenure of 1 to 3 years
• Automatic renewal of your deposits
• Can be opened jointly with other NRIs. A resident Indian cannot be a joint holder in a NRE Term Deposit
• Operation through a Mandate Holder facility Download Mandate Form (PDF)
• Nomination facility
• Any Branch Banking: Enjoy the convenience of banking at any of our branches seamlessly
• Interest earned on the NRE account is exempt from tax as per clause 4(ii) of Section 10 of the Income Tax Act, 1961
• Reinvestment Certificate: Interest accrued on your deposit gets compounded every quarter and is paid to you on maturity along with the principal amount giving you a higher yield.
• Quarterly Income Certificate: Interest on your deposit is paid to you every quarter
• Monthly Income Certificate: Interest on your deposit is paid to you every month
• Safe Deposit Locker at certain branches, for safety of your valuables and important documents while you are away

How do I fund my NRE Fixed Deposit?

• 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

Interest Rates