NRO Rates

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The Revised rate changes that will be effected in the system w.e.f. 20th June, 2022 are as under:

(All rates are per annum)

Days/Years Inclusive Below Rs. 2 Cr. Rs. 2 Cr. and above
15 days to 45 days 3.40% 3.40%
46 days to 90 days 4.00% 3.75%
91 days to 179 days 4.30% 4.15%
180 days 4.50% 4.25%
181 days to 329 days 5.20% 4.60%
330 days 5.80% 5.30%
331 days to 389 days 5.30% 5.00%
390 days 5.80% 5.30%
391 days to 480 days 5.30% 5.00%
481 days to 719 days 5.80% 5.30%
720 days 6.00% 5.30%
721 days to 780 days 5.80% 5.30%
781 days to 36 months 6.25% 5.50%
Above 36 months to 60 months 6.50% 5.55%
Above 60 months to 120 months 6.50% 5.55%
Tax exemption Scheme (5 Years) 6.50% NA

Note:

Penalty of 1% will be charged on the applicable rate for the period run in case of pre-mature closure of any term deposit with or without re-investment.