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NRO Recurring Deposit

An NRO (Non-Resident Ordinary) Recurring Deposit Account, maintained in Rupees, serves as a excellent option for NRIs to accumulate significant savings by consistently investing small sums each month. The monthly investment commitment is not big, but the cumulative effect of these savings with interest earned can result in substantial savings. Additionally, there is the flexibility to include an Indian resident as a joint holder.

Existing Customer Apply NOw

Features of NRO Recurring Deposit

Favorable exchange

Competitive exchange rates on conversion of your foreign currency into rupees.

Easy funding of account

Transfer funds every month from your NRE or NRO Savings account.

Small installments

From ₹ 5,000 to ₹ 100,000 in multiples of ₹ 1,000.

Multiple tenure options

Ranging from 6 months up to a maximum tenure of 10 years.

Favorable exchange

Competitive exchange rates on conversion of your foreign currency into rupees.

Favorable exchange

Competitive exchange rates on conversion of your foreign currency into rupees.

Forms

Documents Required

RD Opening Form
PAN / Form 60

GENERAL FORMS

Request for an additional savings account / fixed deposit

NRO Recurring Deposit FAQ's

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Minimum Tenure: 6 months and thereafter in multiples of 3 months.

Maximum Tenure: 10 years

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