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 Apply Online Interest Rate Guest Book Contact us |
| ? All our branches are authorized to do NRI business |
| ? Our First NRI cell at Thrissur, the Cultural capital of Kerala |
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- It can be maintained as current, savings, and recurring or fixed deposit accounts
- Your loved ones can access your account using POA, Mandate and LOA subject to guidelines in force.
- Full repatriation of principal amount and interest accrued.
- Exemption from Income tax, wealth tax etc as per the prevailing directions
- Rate of interest applicable shall be in accordance with the directions/instructions issued by RBI from time to time.
- Nomination facility available
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- It can be maintained as current, savings, and recurring or fixed deposit accounts
- All bonafide local funds can be credited to the account
- Allows you to hold your earnings like rent, dividend etc. in India
- Account can be opened jointly with resident Indian
- Interest received is subject to income tax presently and shall be as per the prevailing directions
- Balance in the account upto USD 1 million per financial year can be repatriated subject to payment of taxes
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- Maintain funds as Term Deposit in designated currencies
- Principal and interest accrued are fully exempted from income tax, wealth tax etc.
- Full repatriation of principal and interest accrued
- Choice of tenure from 1 year to 5 year
- Loan facilities up to Rs. 100.00 Lacs
- Affords protection against fluctuation in exchange rate
- Nomination facility available
- Rate of interest applicable shall be in accordance with the directions/instructions issued by RBI from time to time.
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- The account can be maintained in the form of SB/Term Deposits
- Facility for Returning Indians.
- The account can be opened jointly with another person eligible to open RFC account.
- Proceeds of assets held outside India at the time of return, can be credited to this account.
- Pension received abroad can be credited to the account.
- Currency notes/TCs brought into India at the time of returning to India can be credited to the account.
- The funds held in RFC are free from all restrictions regarding utilization for bonafide /genuine purposes.
- The funds held in this account can also be utilized for local payments.
- No loan/overdraft facility will be allowed against balance held in RFC accounts.
- The account can be converted into NRE/FCNR if the account holder goes abroad again and attains Non Resident status.
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