Premium account for non-residents who have local receipts like Rent, Dividend, Interest etc in India
Account can be opened jointly with a Non Resident or Resident
Joint Account can be opened with a resident in India on Former or Survivor Basis
FREE ATM Rupay Debit Card accepted by major commercial establishments in India
FREE CUB Net Banking to enjoy the convenience of online transactions
NO SERVICE CHARGES for inward remittances from abroad
TDS will be deducted on Interest.
Balance together with interest can be remitted outside India or can be credited to NRE Account upto USD 1 Million per financial year subject to production of undertaking by the remitter and certificate from a Chartered Accountant
No service charges for inward remittances from abroad
Local receipts like rent, dividend, interest; receipts on account of sale of property in India etc., can be credited to this account
Funds can be transferred from NRO / NRE / FCNR Accounts
Conversion of foreign currency into Indian Rupees or vice versa will attract GST as per GoI notification
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