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• Proceeds of personal cheques drawn by the account holder on his foreign currency account and of traveller’s cheques, bank drafts payable in any permitted currency including instruments expressed in Indian rupees for which reimbursement will be received in foreign currency. These instruments deposited by the account holder in person during his temporary visit to India, provided the authorized dealer/bank is satisfied that the account holder is still resident outside India
• Proceeds of foreign currency/ bank notes tendered by account holder during his temporary visit to India, provided
  
  • The amount was declared on a Currency Declaration Form (CDF), where applicable, and
    
  • The notes are tendered to the authorised dealer in person by the account holder himself and the authorised dealer is satisfied that account holder is a person resident outside India
    
• Transfers from other NRE / FCNR accounts
  
• Interest on Government securities and dividend on units of mutual funds, provided the securities/ units were purchased by debit to the account holder's NRE/ FCNR account or out of inward remittance through normal banking channels
  
• Maturity proceeds of Government securities including National Plans/ Savings Certificates as well as proceeds of Government securities and units of mutual funds sold on a recognized stock exchange in India; sale proceeds of units received from mutual funds provided the securities/units were originally purchased by debit to the account holder’s NRE/FCNR account of the account holder or remittance from outside India through normal banking channels
  
  

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Average Monthly Balance is calculated by dividing the sume of all ‘End of Day’ balances in a month by the number of days in that month.

Please refer the following illustration for the calculation of AMB.

Sample Bank Statement:

AMB Calculation:

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• Transfer to NRE/ FCNR (B) accounts of the account holder or any other person eligible to maintain such account
• Investment in shares/ securities/ commercial paper of an Indian company or for purchase of immovable property in India provided such investment/ purchase is covered by the regulations made, or the general/ special permission granted by the Reserve Bank
  
• Any other transaction if covered under general or special permission granted by the Reserve Bank
  
  

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The idle funds from your savings account (at a pre-specified threshold limit) are transferred automatically to a term Deposit. The funds move back in to the savings account in case of funds requirements.

The advantages of this facility are:

•         Higher rate of interest earned.
•         You need NOT track idle funds regularly & give instructions to the bank to create Term Deposits out of Savings Account balances.
•         Greater Flexibility & Liquidity as the funds flow back into the Savings Account if the balance in the Savings Account falls below a particular level.

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