Term Deposits

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NRE Term Deposits

  • Minimum amount required for booking NRE Term Deposit is Rs. 50,000/- only
  • Auto renewal of term deposits on maturity
  • Fully and freely repatriable deposit (both principal and Interest)
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NRO Term Deposits

  • Minimum amount required for booking NRO Term Deposit is Rs. 50000 only
  • Auto renewal of term deposits on maturity
  • Interest earned on deposits is fully repatriable after payment of tax. However, RBI allows repatriation up to one million USD or equivalent per financial year for bonafide purposes (For e.g. education, medical expenses, employment etc.).
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FCNR Deposits

  • Available in the form of term deposit in USD, EURO, GBP and YEN currencies
  • Auto renewal of term deposits on maturity
  • Fully and freely repatriable deposit (both principal and Interest)
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