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At a Glance
Our Non-Resident External (NRE) Savings Account allows you to take advantage of preferential currency conversion rates and fully tax-free earnings on your savings account and fixed deposits. Enjoy freely repatriable interest and a convenient way to remit funds to and from India with DBS Treasures.
Why choose NRE Savings Account
An NRE Savings Account offers a safe and easy way to earn tax-free interest on your savings from income earned overseas. Converted to the Indian rupee at preferential rates, it allows you to plan for a better future, while also providing access to a host of privileges and services designed for your comfort. The interest income and the principal invested via the NRE Savings Account are both tax-free. For NRIs settled overseas who may still have family in India, an NRE Savings Account with DBS Treasures also allows for a transfer of funds as and when needed.
NRE / NRO Savings Account Interest Rates
Here are our new rates w.e.f. 3rd January 2022.
| Nature | Rate of Interest (per annum) |
|---|---|
| NRO/NRE | Balance up to Rs. 1 lakh will get 3.25% interest rates |
| Any balances over and above Rs. 1 lakh and up to Rs. 5 lakhs will get 3.5% on the incremental amount* | |
| Any balances over and above Rs. 5 lakhs will get 3% on the incremental amount* |
Note:
- Interest will be paid at quarterly rests or on any other rests as the Bank may decide from time to time.
- Interest will be calculated on daily available balance or as required by the regulator or as a result of banks own decision.
- Rate of interest on Savings is subject to change from time to time at the discretion of the Bank and/or in accordance with directives from RBI.
- For senior citizens, above rates would apply.
Frequently Asked Questions
A DBS Treasures NRE Savings Account provides access to over 40+ privileges, preferential rates on remittance and currency conversions, Michelin-starred fine-dining experiences, medical assistance and support across geographies and bespoke banking services that are specially designed to make your banking experience pleasurable.
The interest earned on an NRE Savings Account is not taxable in India.
Yes. Funds maintained in an NRE Savings Account are wholly and freely repatriable.
