Axis Bank offers NRIs the NRO Recurring deposit. There are a certain eligibility criteria for NRO Recurring deposits. Before you apply for the same, be sure to check the NRO Recurring deposits eligibility.
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.