3. NRI accounts are maintained by authorised dealers from RBI.
4.
5. Investment avenues for NRI such as immovable property Bank Deposits Government Bonds Investment in Shares Foreign Direct Investment in India FEMA covers all matters related to :- Section 2 Describes Identification of NRI, Foreign Exchange and Foreign Security
8. NRE ACCOUNTS NRO ACCOUNTS FNCR ACCOUNTS Years 1-2 yrs 2-3yrs 3-4 yrs 5 yrs Rates 5.30 5.06 5.00 5.00 YEAR 1-2 yrs Rate 3.5 YEAR 5 yrs Rate 5.00
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14. NRE Account - Banks Rates for All banks (Public, Private) Bank 1yr-2yrs 2yrs-3yrs 3yrs-5yrs 5yrs Allahabad Bank 5.30 5.06 5.01 5.00 Bank of Baroda 5.30 5.06 5.01 5.01 Bank of India 5.30 5.06 5.00 - Canara Bank 5.30 5.06 5.01 - Central Bank of India 5.72 5.52 5.46 - HDFC Bank 5.29 5.06 5.00 - ICICI Bank 5.30 5.06 5.01 - Punjab National Bank 5.30 5.06 5.01 - Standard Chartered Bank 4.30 4.06 4.01 4.01 State Bank of India (SBI) 5.30 5.06 5.01 5.01
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