Recurring Deposits

Recurring Deposit

NRE Recurring Deposit

The YES BANK NRE Recurring Deposit is designed to help you prepare for the future. It enables you to make a financial provision by investing a fixed amount every month for a defined period. At the end of pre-defined period you are paid back the lump sum including the principal and interest.

Features & Benefits:

  • Easy way of paying monthly installment by providing a one-time standing instruction from your YES BANK NRE Savings Account
  • Interest rates similar to NRE Fixed Deposit rates
  • Minimum monthly installment of Rs 1,000 and in multiples of Rs 100 thereof
  • Minimum tenure of 12 months (and in multiples of 3 months thereafter) up to a maximum tenure of 10 years

Interest:

  • Interest rate on NRE Recurring Deposit is subject to change from time to time
  • No interest is payable if NRE Recurring Deposit is withdrawn before completion of 12 months

Taxation:

  • NRE Recurring Deposits are not taxable in India

To know more on NRE Recurring Deposit rates click here

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