Overview
NRO Recurring Deposit , maintained in Rupees, is an excellent option for NRIs to make big savings by investing small sums every month.
Features
Transfer Fund
Ease of Funding - Transfer funds every month from your NRO Savings account.
Monthly Instalments
Flexible monthly instalments.
Indian Rupees
The funds are maintained in Indian Rupees
Deposit's Tenure
The deposit can be opened for tenures ranging from a minimum of 12 months upto a maximum of 120 months.
Repatriation Of Fund
RBI allows repatriation up to one million USD or equivalent per financial year for bonafide purposes
30% Tax
Interest Earned is subject to tax of 30% (plus applicable surcharge and cess).
