By maintaining your funds in rupees, you can take advantage of the higher interest rates offered here in India. These funds are fully repatriable subject to tax payments and RBI regulations.
Features
- Open a NRO term deposit with as low as Rs 50,000
- Principal & interest amounts are repatriable post deduction of taxes in India
- Minimum period 7 days and maximum period 10 years
- Nomination facility available