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you are settled abroad and would like to ensure that your family back home has access to money in the future, NRI Fixed Deposit Plus is a good option for you. With the NRI Fixed Deposit, you cannot withdraw the money before the date of maturity. But there are other features and benefits for the NRI FD Plus account. If you have the estimate of the time by when you might need the amount invested, NRI FD Plus Deposit is good investment. You can plan for and secure the future of your family and loved ones with Axis Bank NRI FD Plus.
Minimum deposit of Rs. 5 Crore with no maximum limit
Pick between simple interest and compound interest options
TDS in respect of interest earned on fixed deposits, is deducted on the basis of the total interest projected on the aggregate of fixed deposits of the customer, for the financial year. TDS is deducted @ 30% + education cess on interest earned on NRO Deposits.
Mahesh is a Non Resident Indian (NRI) living in the UK. He is doing well in the business that he set up there....
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