Equitas Small Finance Bank with 385 Branches and growing is offering NRI Banking with the Best in Class Interest Rates, Affordable Lockers and Convenient Access to Superlative Technology. We understand that the Home is where your Heart is, where your trust is and where everything is at its Best. So come explore the best of what we have to offer!

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NRO Fixed Deposits ​​​​

NRO Fixed Deposits earn high deposit rates for funds accrued in India. Choose between quarterly interest compounding and quarterly interest payout options as per your requirement.

To know more - Give a missed call on +91 9940597411

Features And Benefitsvalue-feature-icon

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    Earn Superior Interest from the income generated in India.


    Fixed Deposit Tenor from 7 Days to 10 Years.


    Manage your account with an Indian resident relative as Mandate Holder


    Avail Lower TDS by opting to open NRO DTAA Deposits. Applicable only for specific countries where India has entered into Double Taxation Avoidance Agreement and as amended from time to time.


    Nomination facility available

NRO Fixed Deposit Interest Rate effective 11th April, 2023 for amount less than Rs. 2 Crores.

Non Resident Fixed Deposit Interest Rates

Tenure NRO Fixed Deposit Interest Rates
7 - 14 days 3.50%
15 - 29 days 3.50%
30 - 45 days 4.00%
46 - 62 days 4.50%
63 - 90 days 4.50%
91 - 120 days 5.25%
121 - 180 days 5.25%
181 - 210 days 6.25%
211 - 270 days 6.25%
271 - 364 days 6.25%
1 Year to 18 months 8.20%
18 months 1 day to 2 years 7.75%
2 years 1 day to 887 days 8.00%
888 days 8.50%
889 days to 3 years 8.00%
3 Years 1 day to 4 Years 7.50%
4 Years 1 day to 5 Years 7.25%
5 Years 1 day to 10 Years 7.25%

Minimum period of the NRE Fixed Deposits is 1 year. No Interest would be paid if the deposit is pre-closed before the completion of the first 12 months.

There would be No Pre-closure Penalty for NRE Fixed Deposits and a Pre-closure penalty of 1% apply on the NRO Fixed Deposits when Pre-closed before the completion of 6 months from the Date of Booking of the Deposit.

No Senior Citizen Special Rates available for NRE and NRO FDs

31.2% TDS applicable (Inclusive of surcharge 4%) on the NRO interest accrued.

The above rates apply to Retail Term Deposits of Value below Rs.2 Crores. For Fixed Deposit of Value Rs.2 Crores and above, Bulk Deposit Rates apply. Please contact the nearest Equitas Small Finance Bank branch for the Bulk Deposit Rate.

For monthly payout Fixed Deposits, the interest rate will be discounted on the quarterly compounding rate.

Interest rates are subject to change and please refer for updated rates in the Bank’s Website.