NRO RECURRING DEPOSIT
Save in Rupees through regular monthly installments to reach a targeted sum on maturity. Enjoy higher interest rates and easy installment amount suitable to your requirement.
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NRO Recurring Deposit
- Invest monthly installments* from Rs. 1,000/-
- Flexi Tenures from 12 month (and in multiples of 3 months thereafter) to 120 months
- Repatriate upto USD 1 Million per financial year after payment of taxes
- TDS at the rate of 30% plus surcharge apply on interest accrual
- Open RD in Joint names with another NRI or PIO
*installment amount once fixed cannot be altered and partial payment of installment is not permitted.
Recurring Deposit for NRO (in INR) Rate for different tenure effective: 21st August, 2023
- NRO RD Rates
Tenure Interest rates for amount less than Rs. 2 crore 12 Months 8.20% 15 Months 8.20% 18 Months 8.20% 21 Months 7.75% 24 Months 7.75% 30 Months 8.00% 36 Months 8.00% 48 Months 7.50% 60 Months 7.25% 90 Months 7.25% 120 Months 7.25%
- Please check all terms and conditions applicable on FD/RD for premature withdrawal
- Additional interest rate of 0.50% for senior citizens - Not applicable for NRE/NRO, FD/RD
- Pre Closure of NRE RD before the completion of 12 months will not get interest payment.