LAKSHMI PRAVASI NRE Account

Overview

Lakshmi Pravasi NRE Savings Account allows you to transfer your earnings to India in an appropriate way.

Non Residents can repatriate the funds held in the NRE account along with the interest earned.

Non Residents are exempted from paying taxes on the interest amount. With covenants of digital banking channels accessible at your doorstep, you can stay in comprehensive control of your hard-earned money.

Salient Features

  • Free unlimited Cash withdrawal at base branch
  • Free unlimited DD/PO charges
  • Free NEFT/RTGS
  • Free Net banking & Mobile Banking facility
  • Free unlimited at par cheque books

Eligibility

  • Non Resident Indians (NRI)
  • Person of Indian Origin (POI)
  • Overseas Citizenship of India (OCI)

Documentation

  • All documents required for opening NRE savings account

Interest Rates & Charges

Features Terms and Conditions
Average Quarterly Minimum Balance(AQMB) Rs.100,000/-
Cheque Book Free unlimited at par cheque books
Cash Withdrawal  
At Base Branch & Non Base Branch Free
Statement of Account Free (at Monthly intervals through mail)
Rupay Gold Card Free (till the life of the account)
Internet Banking, E-commerce & Bill payments Mobile Banking (IMPS) HANDYPAY, Funds Transfers (within LVB) Free
Inward Clearing Charges  At Base Branch & Non Base Branch Free
Collection of Outstation NRE Instruments drawn in India
(i) Drawn on LVB Centre  
At Base Branch & Non Base Branch Free
(ii) Drawn on Non LVB center Collection charges for Outstation cheques (OCC - Outward NRE Cheques for Collection) Up to Rs.10,000/- : Rs.50
Above Rs.10,000/-to belowRs.1,00,000/-: Rs.100
Rs.1,00,000 & Above- : Rs.150
(will be revised then and there)
Clearing Cheque Return Charges (Local)
Inward Clearing Cheques Rs.100/- per instrument
Outward Clearing Cheques Rs.50/-per instrument
Return of outstation cheques given at base as well as non-base branches Rs.50/- per instrument
Charges for non-maintenance of minimum balance Rs.300/- per quarter
DD/PO Charges, RTGS/NEFT Charges Free
Insurance package Special insurance package available at affordable price
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