NRO Fast Cash Deposit

Special Features

• Ultra short fixed deposits which allow automatic renewal and also withdrawal of part of the deposit
• Deposit for 30, 46 or 91 days with cumulative or non-cumulative option
• Partial withdrawal permitted while balance continues to earn interest
• Freedom from visiting the bank for renewals-Automatic renewal facility
• Rate of interest as applicable for fixed deposits of like duration

General Features

• Accounts maintained in Indian Rupees for routing bonafide local remittance like rent.
• Joint accounts are permitted.
• Interest earned in the account is subject to Indian Income Tax.
• Restricted repatriation is  offered.