- The recurring deposit can begin with a minimum investment amount of Rs.500 and in multiples of Rs.1.
- Deposits can be booked for a minimum tenure of 1 year and up to a maximum tenure of 10 years.
- The rate of interest on the recurring deposits will be the same as that offered on NRE term deposits, as on date of opening of the Recurring Deposit.
- The principal and interest are exempt from income tax in India and is freely repatriable.