A deposit plan that enables opening an account through instruments such as Demand Drafts, Telegraphic Transfers, Telex, Mail Transfers etc. and which also provides standard banking facilities such as cheque book, provision for nomination and other remittance facilities.

The entire funds (principal with interest) can be repatriated.

Key Benefits

• Funds including interests can be repatriated.
• Provides for easy liquidity and convertibility
• Offers remittance facilities
• Avail of cheque book facility
• Provision for nomination

Terms & Conditions

NRI's can open this account by Inward remittances in any convertible currency from abroad through normal banking channels by way of:

• Demand drafts
• Transfer from any non-resident (External) Rupee Savings & Fixed Deposit account or Foreign Currency Deposit (FCNR), Local Rupee Cheques (drawn in India) etc. However cash in Rupees cannot be deposited in this account.
  
  
• During their personal visit NRI's can tender cash in foreign currency & foreign currency travellers cheques which can be converted into Indian Rupees for crediting their account.
• Interest is payable half yearly .

This account can be opened by NRI's by way of remittance from abroad. These accounts are useful for business transactions for Individuals and Institutions.
(Overseas Corporate Bodies (OCB) cannot have FCNR (B) Deposits effective from 16.09.2003).

Key Benefits

• Funds can be repatriated.
• Provides for easy liquidity and convertibility
• Avail of cheque book facility
• Receive monthly account statements
• No interest is applicable on the deposit amount
• Provision for nomination

A deposit plan that enables opening an account through instruments such as Demand Drafts, Telegraphic Transfers, Telex, Mail Transfers etc. and which also provides the option for reimbursement plan and quarterly interest plan.

Confidentiality of accounts, automatic renewal of deposits and the option of payment of proceeds in the currency of your own choice are other highlights of this deposit plan.

Key Benefits

• Premature withdrawal for the purpose of renewal at better interest rate is permitted without penalty clause on demand.

• Option for Reinvestment (cumulative interest) Plan and Quarterly Interest Plan.

• Attractive rates of interest coupled with convertibility.

• Payment of proceeds in the currency of your choice.

• Confidentiality of accounts and transactions.

• Loans and overdrafts limits are granted against pledge of deposit receipts.

• No income tax liability.

• Provision for nomination

Terms & Conditions

• NRI's can open this account by Inward remittances in any convertible currency from abroad through normal banking channels by way of:



• Demand drafts
• Personal cheque in foreign currency drawn on your Bank in Abroad.
• Foreign Currency /Travellers cheques (during their personal visit) as well as transfer from any non-resident (External) Rupee Savings & Fixed Deposit account or Foreign Currency Non Resident deposit.
  
  
• Deposits can be placed for period ranging from 6 months to 36 months.
  
  
• Repatriation of these deposits and interest are freely allowed in Foreign Currency (USD, GBP &. EURO) at a place of your choice.
  
  
• Interest is paid/credited (in case of cumulative deposit) every Quarter (i.e. March, June, September & December).