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.

Yes. You can break your NRO Deposit before the maturity period. The Deposit would qualify for interest only if it has been held for a period of 7 days.

If you provide specific auto renewal instructions, the Deposit will be renewed on maturity in accordance with the instructions. In the absence of any instructions, Deposit will be renewed for the same period at the rates prevailing on the date of maturity.

TDS is deducted on the interest at the following rate 31.20%

Yes. You can have a nominee for the NRO Fixed Deposit.

NRI Easy Guide

NRI Easy Guide