3. NRI accounts are maintained by authorised dealers from RBI.
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5. Investment avenues for NRI such as immovable property Bank Deposits Government Bonds Investment in Shares Foreign Direct Investment in India FEMA covers all matters related to :- Section 2 Describes Identification of NRI, Foreign Exchange and Foreign Security
8. NRE ACCOUNTS NRO ACCOUNTS FNCR ACCOUNTS Years 1-2 yrs 2-3yrs 3-4 yrs 5 yrs Rates 5.30 5.06 5.00 5.00 YEAR 1-2 yrs Rate 3.5 YEAR 5 yrs Rate 5.00
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14. NRE Account - Banks Rates for All banks (Public, Private) Bank 1yr-2yrs 2yrs-3yrs 3yrs-5yrs 5yrs Allahabad Bank 5.30 5.06 5.01 5.00 Bank of Baroda 5.30 5.06 5.01 5.01 Bank of India 5.30 5.06 5.00 - Canara Bank 5.30 5.06 5.01 - Central Bank of India 5.72 5.52 5.46 - HDFC Bank 5.29 5.06 5.00 - ICICI Bank 5.30 5.06 5.01 - Punjab National Bank 5.30 5.06 5.01 - Standard Chartered Bank 4.30 4.06 4.01 4.01 State Bank of India (SBI) 5.30 5.06 5.01 5.01