Bank of Baroda

NRI Services > Products & Services > NRE-SB

Branch Locator
Application Forms
Important Links

Non Resident External (NRE) (RUPEE) Savings Account

A deposit plan that enables opening an account through instruments such as Demand Drafts, Telegraphic Transfers, Telex, Mail Transfers etc. and which also provides standard banking facilities such as cheque book, provision for nomination and other remittance facilities.

The entire funds (principal with interest) can be repatriated.

Key Benefits

  • Funds including interests can be repatriated.

  • Provides for easy liquidity and convertibility

  • Offers remittance facilities

  • Avail of cheque book facility

  • Provision for nomination

Terms & Conditions

  • NRI's can open this account by Inward remittances in any convertible currency from abroad through normal banking channels by way of:

    • Demand drafts
    • Telegraphic Transfers
    • Telex
    • Mail Transfers
    • SWIFT
    • Transfer from any non-resident (External) Rupee Savings & Fixed Deposit account or Foreign Currency Deposit (FCNR), Local Rupee Cheques (drawn in India) etc. & cash in Rupees cannot be deposited in this account.

  • During their personal visit NRI's can tender cash in foreign currency & foreign currency travellers cheques which can be converted into Indian Rupees for crediting their account.

  • Interest is payable half yearly (June & December). For current interest rates on deposits click here.

For further details, please contact the Bank of Baroda Branch nearest to you.

    NRI Services
Deposit Products
Simple steps to Open NRI A/c
Loan Products
How to Send Money to India
Facilities to Returning Indians
Investment opportunities & Other value added products
Important FEMA provisions on investment
Frequently asked questions

© 2017 Bank of Baroda. All rights reserved. Disclaimer For optimum view of this site you must have IE 5.0 and 1024 by 768 pixels
chic logo