The Ace NRE Savings Account is an INR denominated savings bank account, which helps
you park your overseas income with facilities of full and free repatriation of funds.
Can be opened by Non-Resident Indians(NRI) as well as Persons of Indian
The account is denominated in Indian Rupees
Interest Income earned on the account is tax-free in India
Account can be credited either by inward remittances from an overseas bank
account or by transfer of funds from another NRE account
Account can be opened jointly with another NRI
Ease of account operation by a resident Indian through a power of
attorney(mandate holder) mode
Funds in the account are fully and freely repatriable outside India
1. Higher Interest Rate :
Earn higher interest rate of upto 7.1%** p.a
2. Ease of Account Operation :
Power of Attorney/Mandate Facility : Nominate a resident mandate to
operate the account in India while you are overseas
Free Internet Banking: Enjoy anytime/anywhere banking and avail of host
of services including booking an FD online etc.
International Debit Card: Free international debit card to help you enjoy
exclusive benefits anywhere in the world
Free SMS Alerts: With SMS Banking avail exhaustive range of services at
Free Bill-Payment Service: Bill Pay is a simple, convenient and secure way
of managing utility bill payments
Payable-at-par chequebook: Exclusive payable-at-par cheque book which
allows access to your account from any bank branch across India
Enhanced ATM limits: INR 1,00,000 per day
Enhanced POS(swipe) limits: INR 2,00,000 per day
No charges^ on foreign cheques and demand draft collections
No charges^ on Inward Remittances
No charges^ on Outward Remittances
You need to maintain an Average Monthly Balance (AMB) of INR 50000.
If balance maintained is >50% of the required amount then 5% of the balance
shortfall will be charged as non-maintenance charges/month
If balance maintained is <=50% of the required amount then 10% of the balance
shortfall be will be charged as non-maintenance charges/month
Maximum amount of non-maintenance charges charged per month is INR 500
*A person is considered to be of Indian Origin if he/his parents/grandparents were Indian citizens at any time
during their lifetime or if he is a spouse of such a person.
**Bank offers savings account interest rates @ 7.10% p.a. on balances > Rs. 50 Lac upto Rs. 5 Cr. ; 6.50 % p.a. on balances > Rs. 10 Lac upto Rs. 50 Lac ; 6.00% p.a. on balances > Rs. 1 Lac and upto Rs. 10 Lac and 5.50 % p.a. on balances upto Rs. 1 Lac on a daily balance basis. For balances above Rs. 5 Cr., please get in touch with your Relationship Manager / Branch Manager.
These rates will apply on the entire balances above Rs. 1 Lac, as per the above slabs and the initial Rs. 1 Lac balance will earn interest at the rate of 5.50 % p.a.
^Service Tax will be applicable. Does not include any charges levied by the correspondent bank.
Customer Service1800 123 8040
Credit Cards Helpline1800 121 9050
Date : 24-Mar-2017
7.10%* p. a. On NRI Savings Account
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7.65%* p. a. On NRI Fixed Desposits
Click here for Interest Rates
*Terms and Conditions apply
NR Fx Rates
USD : 65.06*
Click here for FX Rates
For NRI Banking
Call us at : +91 22 61156300/99 1800 123 8040