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Purpose |
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Safe and secure growth
for your funds with full repatriation |
Long term investment
with high rate of interest |
Dual advantage of
liquidity of Savings Account and high interest rates of Deposits
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Takes care of deficit
in your NRI Savings / Current Account by linking without losing
out on interest |
Opportunity
to diversify your investments and save on tax |
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Minimum amount
and add-on deposit |
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INR 25,000
INR 25,000
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INR 25,000
INR 25,000
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Add-on in the multiples of
INR 25,000
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NA |
INR 100 and in multiples
of 100 |
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Rate of interest |
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Click
here for current NRE Fixed Deposits Interest Rates. |
Click
here for current NRO Fixed Deposits Interest Rates |
NA |
NA |
As per prevailing 5 yr deposit rates. Click here for NRO Deposits rates. |
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Full amount (principal and interest)
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Interest only |
NA |
NA |
Interest only |
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Overdraft facility
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90% of the Deposit or Rs 1 Crore,
whichever lower |
90% of the Deposit or Rs 1 Crore,
whichever lower |
Upto * 90% of your deposit or
1 Crore, which ever is lower.
(* Maximum Overdraft against FCNR deposit is 70% of FCNR or
1 Crore, whichever is lower ) |
NA |
Not allowed |
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Tenure |
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Min. 1 year
Max. 5 years
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Min. 7 days
Max. 10 years
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Linked to the deposit |
Linked to a Savings / Current
Account |
5 years |
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Taxation |
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Interest earned is exempt from
Tax (i.e. Tax - free) |
Interest is taxable under Indian
Income Tax |
NA |
NA |
Interest is taxable under
Indian Income Tax Act |
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