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NRO Fixed Deposits

Higher Interest rates for a safe and secure deposit coupled with regular interest pay-out. Let your money do the work for you!

Overview

  • Let your savings earn more, at the same time help you to meet your regular commitments

Features & Benefits

  • Deposit can be opened for period ranging from 1 Year to 10 years.
  • Interest is paid at monthly/quarterly/half-yearly rests.
  • Premature closure is allowed at any point of time with a penalty@1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loans against deposit allowed upto limits prescribed on the basis of the residual maturity period, with interest @ only 2% above deposit rate.
  • Accounts can be opened for minimum for RS. 1000/- . No maximum limit.
  • TDS applicable as per the extant IT guidelines.
  • Nomination Facility available
  • Auto renewal facility available 

How to Open?

  • NRO Fixed deposits can be opened by our branch.

Rates & Charges

  • Let your savings earn more, at the same time help you to meet your regular commitments
  • Deposit can be opened for period ranging from 1 Year to 10 years.
  • Interest is paid at monthly/quarterly/half-yearly rests.
  • Premature closure is allowed at any point of time with a penalty@1% on the applicable rate of interest for the corresponding period for which the deposit remained with the bank.
  • Loans against deposit allowed upto limits prescribed on the basis of the residual maturity period, with interest @ only 2% above deposit rate.
  • Accounts can be opened for minimum for RS. 1000/- . No maximum limit.
  • TDS applicable as per the extant IT guidelines.
  • Nomination Facility available
  • Auto renewal facility available 
  • NRO Fixed deposits can be opened by our branch.

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