Overview of NRO Fixed Deposit
A fixed deposit for NRIs & PIOs to Invest local funds in India and earn higher returns.
A fixed deposit for NRIs & PIOs to Invest local funds in India and earn higher returns.
The funds are maintained in Indian rupees.
The Deposit can be opened for flexible tenures ranging from 7 days to 10 years
RBI allows repatriation up to one million USD or equivalent per financial year for bonafide purposes
Interest Earned is subject to tax of 30% (plus applicable surcharge and cess).
Interests on NRO deposit is compounded quarterly
Meet family needs, invest, pay EMIs and make purchases with instant money transfers