Utkarsh Standard NRO Savings Account
Utkarsh Standard NRO Savings Account is designed to help you seamlessly manage your income earned in India while living abroad, whether it's rent, dividend, pension, or any other income sourced within India, this account offers secure and convenient access to your funds!
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Rewards
1 reward point on every 100 spends on debit card
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15% discount
1 reward point on every 100 spends on debit card
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Free
Cash withdrawal on Utkarsh Bank ATMs
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Low Average Quarterly Balance of 10,000/- only
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Higher yield post tax by availing DTAA benefits
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Interest earned on deposits is fully repatriable after payment of tax
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25% discount on Lockers
Rupay Platinum International Contactless Debit Card in NRE
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Free cheque & Demand Draft book facility
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Free monthly email statement & Passbook
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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 NRO (Non-Resident Ordinary) 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 - NRO Standard Savings Account | |
| Cash Deposit Transactions - Free limits/month | ₹2 Lakhs (across all branches) |
| Charges Beyond Free Limit | ₹3/1000 post free limit |
| Cash Withdrawal - Free limits/month | Free |
| DD/PO Issuance - NRO 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 - NRO 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 - NRO Standard Savings Account | |
| RTGS Outward | Free |
| NEFT Outward | Free |
| IMPS Payments |
₹1 - ₹1000 - ₹2.50 ₹1000 - ₹25000 - ₹5.00 ₹25000 - ₹500000 - ₹15.00 |
| Other Charges - NRO Standard Savings Account | |
| Physical Statements (Quarterly) | NA |
| Email Statements (Monthly) | Free |
| Passbook | Free |
| SMS Alerts | 25p. per SMS subject to maximum amount of ₹25 per quarter or actual amount which ever 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 - NRO 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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