Apply for NRO Fixed Deposits and Maximize your Earnings - Kotak Mahindra Bank

Apply for NRO Fixed Deposits and Maximize your Earnings - Kotak Mahindra Bank

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NRO Fixed Deposit

Enjoy safe and secured returns from the income earned either through Indian or foreign sources with our Indian Rupee deposit for NRIs & PIOs.

Minimum amount required for booking NRO Fixed Deposit is Rs. 50,000/- only

Auto renewal of fixed deposits on maturity

Interest earned on deposits is fully repatriable after payment of tax

Interest earned on deposit is at par with resident deposits

Other Features

NRO deposits tenure is same as that of resident deposits
Interests on NRO deposit are compounded quarterly
Phone Banking and Net Banking facilities are available
It can be jointly opened by NRIs/PIOs and Resident Indian
The principal amount on deposit is exempt from taxes in India. However, the interest earned will be subject to a tax of 30% (plus applicable surcharge and cess).

Frequently Asked Questions

In which currency is my NRO Fixed Deposit maintained?

Your NRO Fixed Deposit will be maintained in Indian Rupees.

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What should be the minimum tenure to earn interest on NRO retail Fixed Deposit?

The minimum tenure to earn interest on NRO retail deposit is 15 days or above.

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What is the maximum tenure of NRO deposits?

The NRO Fixed Deposit can be kept for a maximum of 10 years.

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What is the tenure and interest rate for which I can open a NRO Fixed Deposit?

Please click on the below link to know more on tenure and interest rate.

Please Click Here

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Will I get a cheque book and an access India debit card when I open NRO Fixed Deposit?

No, you will not get cheque book and access India debit card with your NRO Fixed Deposit. You shall get a fixed deposit advice on booking a NRO deposit.

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