NRE Rupee Savings Account in Kotak Bank

September 30, 2013 04:45
 NRE Rupee Savings Account in Kotak Bank

Manage your overseas earnings with a totally tax-free, completely repatriable NRE Savings account. Benefit from an account designed to help you earn more from your Rupee savings in India.Features and Benefits

Deposits from a local source accepted only if repatriableNo charge deposits of funds received from abroad as Traveler's cheques or foreign currency brought through normal banking channels into your accountAccepts maturity proceeds of investments purchased from even NRE / FCNR AccountsThe principal and interest earned in an NRE Account are completely tax free and exempt from Income Tax in India

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