The best place for your Indian earnings

Allow your income earned in India to grow at competitive rates and deliver handsome returns. Park your dividends, rental income, and other earnings in an NRO deposit with SBM NRO Fixed Deposit and choose to freely repatriate or transfer the interest earned. This NRO deposit solution offers a secure way to grow your funds while enjoying the flexibility of managing your interest earnings effectively.

Winning features with real benefits

Secure investment

NRO Deposits are risk averse with a quick and seamless process

High returns

Best-in-class Deposit rates for NRIs View FD Rates | View FCNR Deposit Rates

Hassle-free renewal

Automatic renewal of your principal and interest on maturity.

Repatriability

Interest fully repatriable after payment of taxes. However, RBI allows repatriation up to USD 1 million or equivalent per financial year for Bonafide purposes (education, medical expenses, employment etc).

Favourable exchange

Competitive exchange rates on the conversion of your foreign currency into rupees.

Ease of operation

Can be jointly opened by NRIs/PIOs and Resident Indians.

NEVER SHARE your Card Number, CVV, PIN, OTP, Internet Banking User ID, Password, or URN with anyone, as it can lead to unauthorised access to your account. | DIAL 1930 FOR ONLINE FINANCIAL FRAUD. REPORT ANY CYBERCRIME AT | Dear Customer, in line with RBI regulation, if there are any changes/updates in the KYC documents you previously submitted with the Bank, please provide the updated documents within 30 days of such changes | Scams and Precautionary Measures.

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