NRO Fixed Deposit

NRO Fixed Deposit

Open deposit in INR Get attractive returns Enjoy flexible minimum deposit​
Enjoy good returns on funds held in Indian Rupees or convertible foreign currency
  • Fixed Term Deposit held in any convertible foreign currency or Indian Rupees 

  • Interest earned in current financial year is fully repatriable (after deduction of applicable tax) 

  • Funds in NRO account can be repatriated up to USD 1 million per financial year  

  • Issuance of TDS Certificate, as per IT Act 

  • Tenure – 7 days to 10 years 

  • Minimum deposit – ₹1,000 and in multiples of ₹1 thereafter 

  • Automatic renewal of your principal and interest on maturity 

  • Option of monthly or quarterly Interest payouts 

  • Option of partial withdrawal or premature closure  

  • Nomination facility available 

  • Our existing NRI Savings Account holder 

NRI (Non-Resident Indian) 

An Indian citizen residing outside India for any of the below purposes: 

  • Employment  

  • Studies  

  • Business or vocation 

  • Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings 

  • Indian nationals who may be mariners or working on oil rigs or foreign registered airlines 

PIO (Person of Indian Origin)/OCI (Overseas Citizen of India) 

An individual holding a foreign passport (other than Pakistani and Bangladeshi) fulfilling any of the below criteria: 

  • Has held an Indian passport at any point of time 

  • Individual’s parent or grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955 

Please contact your branch for further detail

Enjoy attractive returns on your overseas income or earnings in India

We will get in touch with you shortly

Please fill all fields