Rupee Plus Plan
NRE FD interest rate being regulated by RBI is nearly same across banks. In Rupee Plus Plan they have devised a way to make your money work harder and smarter and earn higher returns in terms of INR as compared to an NRE FD. Currencies: You can bring funds in any convertible currency, which will be converted to US$ (if not in US$ already). Minimum Deposit: US$ 10,000 / EURO 10,000 / £5,000 / Rs 500,000. Tenor: 1 year only.
NRI Direct
NRI Direct is a perfect banking option for NRIs living in Qatar. You have a one-stop shop for all your financial needs: money transfers, loans, investments or just savings through NRI Direct. It's a two-in-one account; you also get a commercial bank account in Qatar and an easy rupee account in India. The account not only allows you to make free online money transfers to India, it also offers benefits like cheap loans, credit cards etc.
Portfolio Investment Scheme (PIS) Account
Portfolio Investment Scheme (PIS) allows NRIs to invest in shares of Indian companies in the secondary market, under repatriation or non-repatriation basis in respect of shares or convertible debentures sold or purchased through a registered stock broker on a recognised stock exchange. Low minimum balance requirement of Rs 5,000. Seamless reporting to RBI and complying with all statutory regulations.
NRE Salary Account
Establishments with a minimum of 10 NRI employees can opt for Axis Bank NRI salary accounts on preferential terms to provide world class banking facilities to their employees. Dedicated NRI relationship manager, multicity cheque books, international debit card, debit card to POA / LOA holder, personal accident insurance cover on debit card of Rs 200,000 for both account holder and POA / LOA holder Rs 40,000.
NRI Prime Account
You can operate your Prime Savings Account from any of the 500 bank branches without any restrictions, charges or ceilings. This means you no longer have to keep multiple accounts at different places to take care of your banking needs at specific areas. The facility of free unlimited transactions across centers does not apply to cash transactions, which are subject to Reserve Bank of India and Income Tax regulations issued from time to time.
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Priority Banking – NRI
One of the widest banking networks in the country, comprising over 350 fully connected branches and over 2050 ATMs, Internet banking and telebanking, thus providing you the flexibility to reach them almost anywhere and anytime. Priority Banking NRI is especially tailor-made for discerning NRI clients. Apart from a specialised relationship manager to take care of your banking needs, they provide you investment and lifestyle privileges as well.
FCNR accounts
FCNR deposit of these five leading currencies, US$, £, Euro, Australian $ and Canadian $. Earn attractive interest rates in the foreign currency of your choice. A wide range of deposit tenures to choose, from 1-5 years. Avail of a rupee overdraft of up to 90% of your FCNR deposit value held in units of 1,000. Premature withdrawal permissible subject to 1% penal interest.
RFC Fixed Deposits
An RFC Fixed Deposit allows you to hold your deposit in any one of three currencies (US$, £, Euro). You can convert your deposit in Indian Rs as and when you require. Protect your deposit from exchange rate risks by holding the monies in one of four foreign currencies. TDS exemption can be claimed on Interest earned basis declaration.
These schemes are provided by several MNC and Indian banks. For details, and for
contacting relevant officers please write to
sales@indiaempire.com
info@indiaempire.com or
call 91.11.2923.1515 (10 AM-6 PM) Monday through Friday
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