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Deposits

NRO Recurring Deposit

Make monthly transfers from your NRE/NRO Savings Account, starting with a minimum instalment of Rs. 1,000

Easy Funding

Transfer funds every month from your NRE/NRO Savings Account

Flexible Monthly Instalments

Rs. 1,000 and in multiples of INR 500 thereafter

Monthly Tenure Options

Ranging from 1 to 10 years

Interest Rates

Competitive interest rates available

Fees and Charges

Features and Benefits

The following individuals are not eligible for an NRO Recurring Deposit

  • Residents who travel overseas for health and medical check up
  • Residents who travel overseas for any tour abroad for their short visit whether on excursion or business promotion
  • Residents residing in Bangladesh or Pakistan without prior approval of RBI
  • Residents residing in Nepal and Bhutan
  • Seafarers employed by Indian shipping companies

Existing customers can open recurring deposit by logging on to Internet Banking.

Fees and Charges

Download Forms

Download Forms

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