Which Indian bank is good for NRE account?
Table of Contents
Which Indian bank is good for NRE account?
10 Best NRE Savings Accounts for NRIs in 2020
| Bank Name | Interest rate (\%) p.a. |
|---|---|
| Kotak Mahindra Bank | 3.50\% |
| ICICI Bank | 3.50\% to 4.00\% |
| HDFC Bank | 3\% to 3.50\% |
| SBI Bank | 2.70\% |
Is HDFC good for NRE account?
Through this NRE savings account, customers can transfer money easily in India and abroad. HDFC Bank offers the best possible interest rates on deposits for this NRE savings account. Unlike the NRO savings account, NRIs do not have to pay tax on the deposits in this account or on the interest earned over the deposits.
What is MAB charges in Icici bank for NRE account?
What minimum balance would I be required to maintain in my NRE/NRO account? The minimum Monthly average balance (MAB) required to be maintained is INR 10000 at an account level OR INR 25,000 at Customer ID level.
Is Axis bank good for NRI account?
Axis Bank’s NRE Savings Account allows you to authorize a resident Indian to conduct banking transactions on the NRI’s behalf, in their absence. The bank additionally offers 2 lakhs free accidental coverage on their debit card. NRIs should maintain a monthly average balance (MAB) Rs. 10,000/- at any branches in India.
What is the minimum balance in SBI NRE account?
For both the NRE and NRO savings bank accounts, the individual will have to maintain a minimum average balance of ₹ 3,000 in metros; ₹ 2,000 in semi urban areas, and ₹ 1,000 in rural areas, according to the SBI website.
Which bank is better IndusInd or RBL?
RBL Bank employees rated their Overall Rating 0.5 higher than IndusInd Bank employees rated theirs. RBL Bank employees rated their Career Opportunities 0.5 higher than IndusInd Bank employees rated theirs. RBL Bank employees rated their Senior Management 0.6 higher than IndusInd Bank employees rated theirs.