South Indian Bank Ltd. Head Office T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
NRO Term Deposits
Enhance your Indian earnings with the best investment plans in India. Open NRO Deposits to grow your wealth, earn competitive interest rates and enjoy high yields on your rupee savings. With automatic renewal and flexible tenures, you can experience peace of mind and ease in managing your investments.
Choose from a Range of NRI Investment Plans to Invest Your Money Wisely.
A flexible investment plan offering higher returns and quarterly compounding of interest
A flexible NRO Fixed Deposit offering quarterly simple interest payouts for a steady cash flow.
A convenient and flexible ultra-short-term investment plan offering automatic renewals andpartial withdrawal options for optimized returns.
A flexible fixed deposit offering automatic balance top-ups and quarterly interest payouts for seamless money management.
A disciplined savings option that lets you build wealth steadily with fixed monthly contributions.
To get answers to the frequently asked queries
Yes, you can avail of a loan against your NRO deposits.
Yes, you can break your FD before the maturity date; however, no interest is payable if the deposit is withdrawn before 7 days.
Yes, you can nominate a trusted person for your NRO deposits.
Yes, TDS is deducted from the interest earned.
NRIs (Non-Resident Indians), PIOs (Persons of Indian Origin) and Overseas Citizens of India (OCIs) are eligible to open an NRO account.
Yes, joint accounts are permitted with other NRIs or PIOs. NRO joint accounts with a resident Indian can only be opened on a "Former or Survivor" basis.
Yes, interest earned on an NRO account is subject to taxes in India.
Since all NRO accounts are Rupee-Denominated, your NRO term deposits are maintained in local rupees.
Easily manage your Indian income and savings in an NRO Savings Account
Effortlessly handle business and personal transactions in Indian Rupees with an NRO Current Account
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