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Saturday, 04-Feb-2012
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Housing Loans to NRIs/ PIOs
NRI Deposit Scheme
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  NRI Deposits Schemes

PARTICULARS
FCNR /
NRE

Taxation (Indian taxes)

Exempt from income and wealth tax

Exempt from income and wealth tax

Liquidity

Easy pre-mature encashment facility

Easy pre-mature encashment facility

Automatic renewal facility   (ARS)

Available on signing of ARS agreement

Available on signing of ARS agreement

Safe custody facility

Available on request; compulsory with ARS

Available on request; compulsory with ARS

Renewals

Deposit receipt to be submitted duly discharged within 14 days from date of maturity for retrospective renewal – alternatively renewal will be with simple interest from maturity date to renewal date

Deposit receipt to be submitted duly discharged within 14 days from date of maturity for retrospective renewal – alternatively renewal will be with simple interest from maturity date to renewal date


For more details, please contact our nearest NRI branch.

Rules governing Non-Resident deposits are guided by regulations of Reserve Bank of India and rules formulated by our Bank from time to time. These are subject to change without notice.

  • Previous

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    Announcement

    Analyst Meet Presentation for 31.12.2011

    Reviewed Financial Results for the period ended 31.12.2011

    Notice of Board Meeting

    Analyst Meet Presentation for 31.12.2011 Reviewed Financial Results for the period ended 31.12.2011 Notice of Book Closure for Bonds

    Chairman & Managing Director's Message & Address

    Bank of India has decided to abolish prepayment charges on home loans for both fixed and floating rate loans across all tenures for existing as well as new borrowers

    Watch recorded webcast of Analyst Meet-30.09.2011

    Watch recorded webcast of Press Meet-30.09.2011

    Financial Results for the quarter / half year ended 30th September 2011

    Analyst Meet Presentation-30.09.2011

    Press Release

    Festiva l offer – Rate of interest reduced on Home Loans & Auto Loans.

    Watch webcast of 106th foundation day

    Bank has decided to increase the Bank’s Base Rate from 10.00% p.a. to 10.75%p.a. and BPLR from 14.25% p.a. to 15.00% p.a. with effect from 28.07.2011.


    Interest Subsidy for Education Loans

    The Managing Committee of the Indian Banks’ Association has appointed Shri Alok K Misra , Chairman and Managing Director, BANK OF INDIA as Deputy Chairman of the Association

    Pension Calculator is available on Knowledge Portal front page

    Press release launching of Mobile Based Remittance, Urban Financial Inclusion and two factor Authentication

    Notice for Debit and ATM cardholders

    Forex Card Rate
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