Money in this account can be transferred from any non-resident (External) Rupee Savings and Fixed / Term Deposit account or Foreign Currency Deposit (FCNR) account.Cash in rupees cannot be deposited in this account.Local Rupee Cheques (drawn in India) cannot be deposited in this account.Nominee can be Resident or Non-resident or PIO(person of Indian Origin) Interest is payable usually on a half yearly basis.Both the principal as well as the interest can be repatriated.Key features and Benefits of Non Resident External (NRE) Savings Account Rs 50 Lakhs & above but below Rs 500 Crores
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