NRO Rates

Find Better Interest Rates at Home

Home > Rate Of Interest > NRO Rates

NRO Term Deposits - below INR 2 Crores

Period Revised Interest as on 12th October 2021 
(Below INR 2 Crores)
15 days to 45 days 2.90 % p.a.
46 days to 90 days 3.65 % p.a.
91 days to 180 days 4.00 % p.a.
181 days to 364 days 4.90 % p.a.
365 days to 24 months 5.10 % p.a.
AV Deposit Scheme – 366 days (Simple Interest) 5.10 % p.a.
Mangal Moorti Scheme- 24 months (Simple Interest) 5.10 % p.a.
Above 24 months to 36 months 5.30 % p.a.
Above 36 months to 60 months 5.60 % p.a.
Above 60 months to 120 months 5.60 % p.a.
Tax Exemption Scheme [5 years] 5.60 % p.a.

NRO Term Deposits - INR 2 Crores and above

Period Revised Interest as on 12th October 2021 
(INR 2 Crores and above)
15 days to 45 days 2.90 % p.a.
46 days to 90 days 3.25 % p.a.
91 days to 180 days 3.75 % p.a.
181 days to 364 days 4.25 % p.a.
365 days to 24 months 4.75 % p.a.
AV Deposit Scheme – 366 days (Simple Interest) 4.75 % p.a.
Mangal Moorti Scheme- 24 months (Simple Interest) 4.75 % p.a.
Above 24 months to 36 months 4.75 % p.a.
Above 36 months to 60 months 4.75 % p.a.
Above 60 months to 120 months 5.00 % p.a.
Tax Exemption Scheme [5 years] 4.75 % p.a.

Note: NRI/PIO may remit an amount not exceeding USD 1 Million per financial year out of balances held in NRO accounts/ sale proceeds of assets subject to payment of applicable taxes.

NRO Saving Bank A/c:  2.75%