Wondering about
standard chartered NRE FD rates
?
Standard Chartered Bank offers Non-Resident External (NRE) Fixed Deposit (FD) accounts with competitive interest rates. These FDs are popular among NRIs due to their attractive returns and repatriability.
What are the Standard Chartered Bank NRE FD Rates?
For Tenure of 1 to 5 Years: The interest rates range between 7.25% to 7.75% per annum.
The exact rates can vary based on the specific tenure chosen within this range.
Principal and Interest Repatriability: Both the principal amount and the interest earned are fully repatriable.
Tax Exemption: Interest earned on NRE FDs is not subject to tax in India, making them an attractive option for NRIs.
Minimum Deposit: The minimum amount required to open an NRE FD is INR 10,000.
Auto-renewal: Depositors can opt for automatic renewal of the FD upon maturity.
Overdraft Facility: Account holders can avail an overdraft facility against their FD.
Standard Chartered offers flexible tenure options from 1 year to 5 years, allowing investors to choose based on their financial goals. The bank provides assured returns, making it a low-risk investment option.
Additional Benefits:Premature Withdrawal: Available with a penalty. Investors can choose to withdraw prematurely, subject to a 1% penalty on the interest rate.
Online Management: Account holders can manage their deposits easily through online and mobile banking platforms.
These are the
NRE FD rates standard chartered
.
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Authors Of The Question
What is Standard Chartered Bank NRE FD Rates?
Shristi
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3 months
2024-06-27T10:35:16+00:00 2024-06-28T21:32:17+00:00Comment
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