Women Savings Account

Explore HDFC Bank NRE Current Account fees and charges, ensuring transparency and clarity for account holders.

Click here to know online charges for NRE Current Account.

TERMS AND CONDITIONS

 

  • I understand that as per extant Reserve Bank of India guidelines, opening of any current account requires declaration of existing credit facilities with any of the Bank's branches or any other bank.

    I shall declare details of any such Credit facilities enjoyed with any Bank in the Account Opening Form, as per the required format therein.

    I undertake to obtain the requisite No Objection Certificate/s from such Bank/s and hand it/them over to you before the account gets opened.

  • I agree to repay to the Bank on demand, unconditionally, the amounts of overdrafts that the Bank may grant to me from time to time, together with interest accrued thereon. I agree that this does not imply that the Bank is bound to grant me any credit facility whatsoever.

 

Your queries answered here

The minimum balance requirement for a NRE (Non-Resident External) Current Account with HDFC Bank can vary depending on the specific type of account and the account holder's location. However, in general, HDFC Bank requires a minimum Average Monthly Balance (AMB) to be maintained in NRE Current Accounts. Failure to maintain the minimum balance may attract charges as per the bank's policy. It's advisable to check with HDFC Bank for the specific minimum balance requirement for the NRE Current Account to avoid any penalties or charges.

The charges for a NRE (Non-Resident External) Current Account with HDFC Bank can vary depending on the specific account features and services available. Common charges may include account maintenance fees, transaction fees for fund transfers, cheque book issuance fees, and charges for other services such as SMS alerts and duplicate account statements. There may be charges for non-maintenance of minimum balance requirements or for exceeding transaction limits. 

Yes, income earned from an NRE (Non-Resident External) Current Account is tax-free in India. Funds deposited in an NRE Current Account are considered in foreign currency and are freely repatriable, meaning they can be transferred back to the account holder's country of residence without restrictions. Additionally, interest earned on the balance in an NRE Account is exempt from Indian Income Tax. However, it's important to note that the tax treatment of NRE accounts may vary depending on the tax laws of the account holder's country of residence.