NRO
Rupee
Deposit

Axis Bank offers the NRO deposit. The benefits of NRO Rupee deposits listed below. The NRO Rupee deposit offered by Axis Bank comes with an automatic renewal with flexible tenure starting from 7 days and also offer the facility of partial withdrawal.

Automatic renewal

Automatic renewal

Flexible Tenure

Flexible Tenure

Repatriable Interest

Repatriable Interest

Jointly held with NRI/Resident

Jointly held with NRI/Resident

The following individuals are eligible to open NRO Rupee Deposit:


NRI (Non Resident Indian)
An Indian citizen residing outside India for the purpose of:

  • Employment, studies, business or vocation
  • Individual posted in UN organisation 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) who:

  • Has held an Indian passport at any point of time
  • Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955
  • Is a spouse of an Indian Citizen or spouse of PIO

NRI Easy Guide




NRI Easy Guide

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