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NRI Fixed Deposit Plus
If you are settled abroad and would like to invest your savings, the NRI Fixed Deposit Plus is a good option for you, especially if you have an estimate of the time by when you might need the amount invested, as you won’t be able to withdraw before maturity. You can plan and secure the future of your family and loved ones with Axis Bank NRI fixed deposit plus.
Features & Benefits
Invest freely without any upper limit to your investments
- Available for both NRE and NRO variant
Choose your preferred method of interest calculation
Pick between simple interest and compound interest options.
Select from among multiple types of interest Payout:
Monthly
Quaterly
On maturity
Stay compliant with tax laws applicable
- TDS in respect of interest earned on fixed deposits, is deducted on the basis of the total interest projected on the aggregate of fixed deposits of the customer,
Invest freely without any upper limit to your investments
- Available for both NRE and NRO variant
- Minimum deposit for NRE is 3 Crore with no maximum limit
- Minimum deposit for NRO is 3 Crore with no maximum limit
Stay compliant with tax laws applicable
- TDS in respect of interest earned on fixed deposits, is deducted on the basis of the total interest projected on the aggregate of fixed deposits of the customer, for the financial year.
- TDS is deducted @ 30% + education cess on interest earned on NRO Deposits
Eligibility for NRI Fixed Deposit Plus
The following individuals are eligible to open an NRE/ NRO Savings Account:
NRI (Non Resident Indian)
An Indian citizen residing outside India for the purpose of:
- Employment, studies, business or vocation
- Individual posted in UN organisation or official deputed abroad by Government of India or public sector undertakings
- Indian nationals who may be Mariners or working on oil rigs or foreign registered airlines
PIO (Person of Indian origin)/ OCI (Overseas Citizen of India)
An individual holding a Foreign passport (other than Pakistani and Bangladeshi) who:
- Has held an Indian passport at any point of time
- Parent or their grandparent was Citizen of India by virtue of the Constitution of India or India Citizen Act 1955
- Is a spouse of an Indian Citizen or spouse of PIO
Documentation for NRI Fixed Deposit Plus
To know more about documents, please click here
