NRO Tax Saver Fixed Deposit

NRO Tax Saver Fixed Deposit

Fixed-tenure rupee deposit Assured returns Tax saving benefits
Unlock the double benefit of tax savings and guaranteed returns
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  • Tax saving investment option under section 80C of Income Tax Act, 1961

  • Deposit as low as ₹1,000 and maximum of up to ₹1,50,000 in a financial year 

  • Attractive interest rates and assured returns

  • Flexibility to avail monthly or quarterly interest payout or on maturity

  • Tenure - 5 years (lock-in)

  • Nomination facility available    

  • Book deposit using Internet banking, mBandhan 2.0 app, or by visiting your nearest branch

  • Premature withdrawal not permitted

View the complete and updated list of interest rates and charges

NRI/PIO/OCI customers, having Income Tax Permanent Account Number (PAN)

NRI (Non-Resident Indian)

An Indian citizen residing outside India for any of the below purposes: 

  • Employment  

  • Studies  

  • Business or vocation 

  • Individual posted in UN organization or official deputed abroad by Government of India or public sector undertakings 

  • Indian nationals who may be mariners or working on oil rigs or foreign registered airlines 

 
PIO (Person of Indian Origin)/OCI (Overseas Citizen of India) 

An individual holding a foreign passport (other than Pakistani and Bangladeshi) fulfilling any of the below criteria: 

  • Has held an Indian passport at any point of time 

  • Individual’s parent or grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955 

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Enjoy attractive returns on your overseas income or earnings in India

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