NRO Rates

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NRO Term Deposits (in Rupees)

Period Revised Interest as on 9th September 2020
15 days to 45 days 3.00 % p.a.
46 days to 90 days 3.75 % p.a.
91 days to 180 days 4.50 % p.a.
181 days to 364 days 5.25 % p.a.
365 days to 24 months 5.60 % p.a.
15 months 5.60 % p.a.
AV Deposit Scheme – 366 days (Simple Interest) 5.60 % p.a.
Mangal Moorti Scheme- 24 months (Simple Interest) 5.60 % p.a.
Above 24 months to 60 months 5.75 % p.a.
Above 60 months to 120 months 5.75 % p.a.
Tax Exemption Scheme [5 years] 5.75 % 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.

NRE Saving Bank A/c:  3.00%