Utkarsh Standard NRE Savings Account
Utkarsh Standard NRE Savings Account is the ideal solution for managing your foreign earnings in India with complete flexibility. Enjoy tax-free principal & interest, full repatriation of funds, seamless and secure banking !
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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Low Average Quarterly Balance of 10,000/- 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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25% 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 Platinum International Contactless Debit Card in NRE
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1 Free cheque book per Quarter with 20 Cheque leaves
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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 Standard NRE (Non-Resident External) Savings Account |
|---|---|
| AQB | |
| Metro/Urban/Semi-Urban/Rural Branches | ₹10,000/- |
| Non-Maintenance Charges* | ₹25/- per ₹500/- of shortfall (Max ₹250/- per quarter) |
| Fixed Deposits in lieu of Minimum Balance | ₹1,00,000/- |
| Total Relationship Value (TRV) in lieu of Minimum Balance** | ₹2,50,000/- |
| Branch Cash Transactions - NRE Standard 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 Standard Savings Account | |
| Demand Drafts Payable on own Bank Locations | Upto ₹10,000/- ₹50/- Above ₹10,000/- ₹4/- per ₹1,000/- (Min ₹50/- and Max ₹1000/-) |
| DD Payable at other Bank Locations | NA |
| DD Revalidation | ₹100 per instance |
| Duplicate DD Issuance | ₹100 per instance |
| DD/PO Cancellation | ₹100 per instance |
| Cheque Issuance/Collection Charges - NRE Standard Savings Account | |
| Cheque Leaves | One free cheque book per quarter (20 leaves) |
| Charges Beyond Free Limit | ₹2/- per leaf |
| Cheque Return Charges Inward/ECS/NACH | ₹500/- per cheque |
| Cheque Return Charges Outward | ₹200/- per cheque |
| NEFT/RTGS/IMPS Transactions - NRE Standard Savings Account | |
| RTGS Outward | Free |
| NEFT Outward | Free |
| IMPS Payments | NA |
| Other Charges - NRE Standard Savings Account | |
| Physical Statements (Quarterly) | NA |
| Email Statements (Monthly) | Free |
| Passbook | Free |
| SMS Alerts | ₹0.25 per SMS subject to max ₹25 per quarter or actual amount whichever is lower |
| Stop Payment Instructions | ₹50 per instance |
| Signature, Address and Photo attestation | Free |
| Balance Certificate | Free |
| Locker Rent | 25% discount on Locker Annual Rental |
| Account Related Charges - NRE Standard 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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