An NRE account is a bank account opened in India in the name of an NRI, to park his foreign earnings. This a/c is maintained in INR and interest earned in this a/c is tax free in India, further to this the funds maintained in a NRE A.C are freely repatriable.

An NRE Savings a/c can be opened by applying through our website or walking into any of our branches in India.

•  ID Proof – Photocopy of Valid Passport
•  ID Proof – Copy of Permanent Account Number (PAN)/ Form 60 (in absence of PAN)
•  Proof of NRI Status – Copy of valid visa/ work permit / Overseas Resident Card
• Address Proof – The address on the document must be the same as the address mentioned in the application form

No, Interest earned in NRE A.C are tax free in India

Its according the type of Standard Chartered NRI A/C variant selected, Please visit our website for more information