|
|
 Online Services |
|
|
|
|
 NRI Deposit Scheme
|
|
Non Resident Indians (NRIs) have a choice of two schemes for depositing their savings with Bank of India.
These are: -
|
-
Foreign Currency Non Resident (FCNR) accounts
-
Non-Resident External (NRE) accounts, and,
|
The brief comparative features of the two schemes are :
|
|
PARTICULARS
|
FCNR
|
NRE
|
|
Who can open accounts
|
NRIs
|
NRIs
|
|
Joint accounts of two or more NRIs
|
Permitted
|
Permitted
|
|
Joint account with Residents
|
Not permitted
|
Not permitted
|
|
Nomination facility
|
Available
|
Available
|
|
Currency of account
|
USD, GBP, EUR, JPY,AUD,CAD
|
Indian Rupees
|
|
Repatriability
|
Principal and interest repatriable
|
Principal and interest repatriable
|
|
Type of account
|
Term deposits
|
"Savings, Current and Term deposits
|
|
Period
|
12 months to 5 years
|
12 months to 7 years
|
|
Minimum amount
|
USD 1,500
GBP 1,000
EUR 1,500
JPY 50,000
AUD 1,000
CAD 1,000
|
-
|
|
Requirements for opening an Account
|
-
COPY OF PASSPORT.
-
PHOTOGRAPHS OF ACCOUNT HOLDER/S.
-
SIGNATURES TO BE VERIFIED BY INDIAN EMBASSY/KNOWN BANKERS.
-
FULL PARTICULARS AS PROVIDED IN THE APPLICATION FORM NOMINATION.
-
REMITTANCE SHOULD BE IN FOREIGN CURRENCY.
-
(PLEASE NOTE TO GIVE OVERSEAS AND LOCAL ADDRESSES, CONTACT PHONE/FAX NUMBERS, E.MAIL ADDRESS ETC…)
|
|
|
|
|
Next
|
|
|