Utkarsh Platinum NRE Savings Account
Utkarsh Platinum NRE Savings Account is crafted for discerning Non-Resident Indians who seek exclusive benefits and superior banking convenience. Enjoy tax-free principal & interest, full repatriation of funds that offers unmatched flexibility and security !
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
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Average Quarterly Balance requirement of 1,00,000/- only
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Higher Interest rates on Savings
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Fully and freely repatriable deposit (both principal and Interest)
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50% discount on Lockers
The principal amount and the interest earned on an NRE Account are exempt from Income Tax in India
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Rupay Select International Contactless Debit Card in NRE
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Free Cheque book Facility
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Free monthly email statement & Passbook
Mandate Holder Facility available
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NRIs and PIOs as per FEMA definition
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Seafarers of Indian nationality / origin employed by overseas shipping companies, or
Students pursuing studies in foreign countries.
| Fees & Charges- NRE | |
| Average Balance Requirements | Utkarsh Platinum NRE (Non-Resident External) Savings Account |
|---|---|
| AQB | |
| Metro/Urban/Semi-Urban/Rural Branches | ₹1,00,000/- |
| Non-Maintenance Charges* | ₹25/- per ₹500/- of shortfall (Max ₹500/- per quarter) |
| Fixed Deposits in lieu of Minimum Balance | ₹10,00,000/- |
| Total Relationship Value (TRV) in lieu of Minimum Balance** | ₹25,00,000/- |
| Branch Cash Transactions - NRE Platinum Savings Account | |
| Cash Deposit Transactions - Free limits/month | Not Allowed |
| Charges Beyond Free Limit | NA |
| Cash Withdrawal - Free limits/month | Free |
| DD/PO Issuance - NRE Platinum Savings Account | |
| Demand Drafts Payable on own Bank Locations | Free |
| DD Payable at other Bank Locations | NA |
| DD Revalidation | Free |
| Duplicate DD Issuance | Free |
| DD/PO Cancellation | Free |
| Cheque Issuance/Collection Charges - NRE Platinum Savings Account | |
| Cheque Leaves | Free |
| Charges Beyond Free Limit | NA |
| Cheque Return Charges Inward/ECS/NACH | ₹500/- per cheque |
| Cheque Return Charges Outward | ₹200/- per cheque |
| NEFT/RTGS/IMPS Transactions - NRE Platinum Savings Account | |
| RTGS Outward | Free |
| NEFT Outward | Free |
| IMPS Payments | NA |
| Other Charges - NRE Platinum Savings Account | |
| Physical Statements (Quarterly) | NA |
| Email Statements (Monthly) | Free |
| Passbook | Free |
| SMS Alerts | Free |
| Stop Payment Instructions | Free |
| Signature, Address and Photo attestation | Free |
| Balance Certificate | Free |
| Locker Rent | 50% discount on Locker Annual Rental |
| Account Related Charges - NRE Platinum Savings Account | |
| Account Closure | Upto 14 days – Nil Above 14 days up to 12 months – ₹500/- Above 12 months – Nil |
*Note:
No NMC charges for 1st calendar quarter including onboarding period.
The above charges are subject to changes, refer banks website for the latest SOC
The above charges do not include taxes, it will be levied separately
Lockers are available at selected branches in various sizes
**TRV is measured as a combined balance across NRE/NRO Savings & Fixed deposit account/s linked to a customer CIF ID.
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Contact
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