NRO Rates

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NRO Term Deposits (in Rupees)

Period Revised Interest as on 1st September 2019
15 days to less than 90 days 5.00 % p.a.
91 days to less than 180 days 6.25 % p.a.
181 days to 364 days 6.60 % p.a.
365 days to less than 24 months 7.00 % p.a.
15 months 7.10 % p.a.
AV Deposit Scheme – 366 days (Simple Interest) 7.25 % p.a.
Mangal Moorti Scheme- 24 months (Simple Interest) 7.15 % p.a.
Above 24 months to 60 months 6.75 % p.a.
Above 60 months to 120 months 6.50 % p.a.
Tax Exemption Scheme [5 years] 7.00 % 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 4.00% (w.e.f. 03-05-2011)