NRO
Recurring
Deposit

If you are an NRI looking for an investment for your earnings in India with convenient money transfer options, then you are in the right place. Axis Bank offers the NRO Recurring deposit. The NRO Recurring deposit comes with convenient fund transfers, flexible tenure and attractive interest rates.

The following individuals are eligible to open an NRE/ NRO Savings Account:


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