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NRI-Pro Rupee Deposit

Are you an NRI and looking to invest and earn higher returns than Fixed Deposits? Then Axis offers you the perfect solution with NRI Pro Rupee Deposit. With this you can earn a higher yield by locking-in the conversion rate. The NRI Rupee Deposit also combines attractive interest rates, and has the add-on benefits of rising exchange rates. There is also no capital risk as the money invested is in Fixed Deposit

Features & Benefits

Enjoy attractive returns

Combine attractive interest rates with the added advantage of rising exchange rates.

Stay safe without capital risk

Money is invested in Fixed Deposits, so no capital risk involved.

Flexible tenure

Choose your tenure as per your requirements ranging from 3 years to 5 years.

Start off with a low minimum deposit

USD 10,000 or equivalent.

Earn tax-free interest

Interest earned not taxable in India.

Repatriate your earnings earned

Earnings can be repatriated on maturity.

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Eligibility Documentation

Eligibility for NRI-Pro Rupee Deposit

The following individuals are eligible to open NRI Pro Rupee Deposit:

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-Pro Rupee Deposit

To know more about documents, please click here

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