NRO Fixed Deposits

Special Features

• Simple interest will be paid quarterly.
•  Monthly interest scheme is also available at discounted rate.
• Deposits can be made for period ranging from 15 days to 10 years.
• Interest can be withdrawn periodically or transferred to other accounts as per instructions

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.