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Features NRE Term Deposit NRO Term Deposit FCNR Deposit RFCDeposit
Eligibility NRIs
(individuals/entities of Bangladesh/Pakistan nationality/ownership require prior approval of RBI).
1. Any person resident outside India (other than a person resident in Nepal and Bhutan).
2. Individuals/entities of Pakistan Nationality/ownership, entities of Bangladesh ownership and erstwhile Overseas Corporate Bodies require prior approval of Reserve Bank of India.
It can be opened by an Individual NRI (other than a person resident in Nepal and Bhutan) and is maintained to invest your local funds in India to earn higher returns. Individuals/entities of Bangladesh/Pakistan nationality/ownership require prior approval of RBI. It can be opened by an Individual NRI (other than a person resident in Nepal and Bhutan) which provides an opportunity for tax planning in India.
Joint Account of 2 or more NRIs Permitted Permitted Permitted Permitted
Currency in which Account is denominated Indian Rupees (INR) Indian Rupees (INR) USD, GBP, EUR, JPY, AUD ,CAD USD,GBP
Repatriability Freely Repatriable Principal upto USD 1 Million. Subject to FEMA 2000 guidelines from time to time. Freely Repatriable Freely Repatriable
Period 12 months to 120 months 7 days to 120 months 12 months to 60 months 12 months to 36 months
Nomination Available Available Available Available
Taxation Exempt from Income Tax Income Tax deductible at source (as per DTAA executed by India with 71 countries Exempt from Income Tax Exempt till individual continues to be ‘Resident but not ordinarily resident’. Thereafter TDS is required to be deducted @10% plus surcharge as applicable
Announcement        Start | Stop

BOI Financial Results 30.06.2017

Press Release from IBA new

Integrity Pledge Count new

Public Notice for Unclaimed Dividend

List of Wilful Defaulters

With the implementation of Goods and Services Tax (GST), the existing service tax rate of 15% has been replaced by GST rate of 18% from July 1, 2017

All customers are requested to provide GSTIN to their branch alongwith supporting documents to claim input credit.

Annual Report 2017

We request our esteemed customers to urgently have their KYC details updated / corrected to avoid freezing of accounts new

MCLR w.e.f. 10.08.2017

Empanelment Of Sarfaesi Valuers

Details of unpaid / unclaimed Dividend

As part of FATCA/CRS requirements, all customers are requested to submit Declaration Form (For Individuals) / Declaration Form (For Entities) click to download with supporting documents to their Parent Branch immediately. Non-Compliance with this requirement may lead to freezing or closure of account as per guidelines.

Base Rate revised to 9.55% w.e.f 31.03.2017

List of Recovery Agents/ Enforcement Agents/Detective Agency of Lucknow Zone

Change of Registrar and Share Transfer Agent

Notice to CD Customers

Notice to Customers

Notice to SB Customers

ATM transactions for savings Bank A/c Customers

Notice for our DEMAT Account Holders

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