NRE
Rupee
Deposit

With Axis Bank NRE Rupee Deposits, you can now get higher interest rates and tenure starting from 1 year with seamless repatriability. Along with flexible tenure earn a tax-free interest. Below we have listed down the different benefits of NRE Rupee Deposits

Flexible Tenure

Flexible Tenure

Automatic renewal

Automatic renewal

Fully Repatriable

Fully Repatriable

Tax free

Tax free

The following individuals are eligible to open an NRE Fixed Deposit Account:


NRI (Non Resident Indian)
An Indian citizen residing outside India for the purpose of:

  • Employment, studies, business or vocation
  • Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings
  • Indian nationals who may be Mariners or working on oil rigs or foreign registered airlines

PIO (Person of Indian origin)/ OCI (Overseas Citizen of India)
An individual holding a Foreign passport (other than Pakistani and Bangladeshi) who:

  • Has held an Indian passport at any point of time
  • Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955
  • Is a spouse of an Indian Citizen or spouse of PIO

NRI Easy Guide




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