Non Resident Ordinary (NRO) Term Deposits
By maintaining your funds in rupees, you can take advantage of the higher interest rates offered here in India. These funds are fully repatriable subject to tax payments and RBI regulations.
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Features
- You can open a Barclays Term Deposit with a minimum of Rs 10 lacs.
- Principal and interest amounts are repatriable post deduction of taxes in India
- Minimum period 7 days and maximum period 7 years
To apply now:
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Interest Rates
Notes :
Above Rs. 3 Crore deposit rates are uploaded on the website daily. 1% premature withdrawal penalty as applicable.
The rates are subject to change without notice. Minimum number of days for which TD should remain with the Bank so as to be eligible for interest = 7 days.
Senior Citizen & Staff-Special rate not applicable. Interest compounded quarterly if FD is for 91 days and above. TDS on deposits as applicable.
To apply now :
Term Deposit Interest Rate - Less than 3 crore :