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Frequently Asked Questions

In which currency is my NRE current account maintained?

Your NRE current account will be maintained in Indian Rupees.

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Can I repatriate funds held in my NRE current account?

Yes, the funds held in your current account are fully and freely repatriable.

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What is the minimum amount required to open NRE current account?

The minimum amount required to open NRE current account is Rs. 25,000/- or its equivalent in foreign currency. You would be required to maintain an Average Quarterly Balance of Rs. 25,000/- only.

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How is average quarterly balance (AQB) calculated?

Average quarterly balance is the sum of daily closing balance of all the calendar days in a quarter divided by the number of days in that quarter.

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Can I have a joint account holder in my NRE current account?

Yes, you can open NRE current account jointly with Non Resident Indians / Person of Indian Origin.

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