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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

Features and Benefits

Transfer funds every month from your NRE/NRO Savings Account

Minimum instalment of Rs. 1,000 only; and in multiples of Rs. 500 thereafter

Tenure can range from 1 year to 10 years

Attractive interest rates available

Free Internet Banking allows 24-hour access to your account from anywhere at any time

Competitive exchange rates available when converting foreign currency into Rupees

Reduced TDS benefit under DTAA

For all new Reinvestment Term Deposits to be opened on and after 1st August, 2013 and all existing Reinvestment Term Deposits that may be renewed on and after 1st August, 2013, interest reinvested would be net of TDS and hence the maturity value would vary to that extent.

Eligibility and Documentation

Fees and Charges

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