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NRO Fixed Deposits

YES BANK’s NRO Fixed Deposits offers you assured high returns on funds generated in India through rents, dividends etc.

Eligibility: NRIs and PIOs

  • NRI’s – Non-Resident Indians: An NRI is an Indian citizen who resides outside the country:

    • For employment or business; or

    • People staying outside India for an uncertain period; or

    • Is an official deputed by Government / Public Sector in abroad

  • PIOs – Persons of Indian Origin

    • Held an Indian Passport at any point of time

    • Either of his/her parents or grandparents was a citizen of India

    • A spouse of a PIO / Indian citizen

key attractions

Higher Returns

Earn up to 6.50%p.a.

Low Deposit Amount

Open an NRO FD with as little as INR 10,000


Tenure starting from 7 days onwards

features & benefits

Earn More

Earn attractive interest rates* on your YES BANK Deposit Account

  • Earn up to 6.50% p.a.*

  • DTAA benefit available for NRIs residing in select countries.

*For latest deposit interest rates please click here

Please contact your RM/ Branch for Interest Rates for NRO FD values equal to or above INR 2 Cr.

More Convenience

Open an NRO FD with minimum deposit amount of INR 10,000

  • Open an NRO Fixed Deposit with as little as INR 10,000. FD tenure ranges from 7 days to 10 years

  • Automatic Renewal of your deposits

  • Monthly/Quarterly interest payout option available

  • Nomination Facility available

  • Avail overdraft facility up to 90% of your deposit value

Digital Fixed Deposit Booking

Avail the facility of booking FD online

Flexibility of Book NRO FD through digital channels – YES ONLINE, YES Mobile and YES ROBOT.


Interest earned on NRO Fixed Deposit is subject to tax deduction

Interest earned on NRO Fixed Deposit is subject to tax deduction at sources at:

  • 31.2% (tax rate @ 30%+surcharge 0% + cess 4%) for interest* amount less than or equal to 50 lakhs

  • 34.32% (tax rate @ 30%+surcharge 10% + cess 4%) for interest* amount greater than 50 lakhs but less than or equal to 1 crore

  • 35.88% (tax rate @ 30%+surcharge 15% + cess 4%) for interest* amount greater than 1 crore but less than or equal to 2 crores

  • 39% (tax rate @ 30% + surcharge 25% + cess 4%) for interest* amount greater than 2 crores but less than or equal to 5 crores

  • 42.74% (tax rate @ 30% + surcharge 37% + cess 4%) for interest amount greater than 5 crores.

*Total interest earned on NRO deposits and accounts

Other Benefits

View our host of other benefits

  • Our anywhere-banking facility allows you to bank at any of our branches during your visit to India

  • Easy account funding through our alliances with correspondent banks worldwide

  • Our Net Banking and Mobile Banking facility offers you 24-hour access to your account while ensuring highest level of security

  • Enjoy a host of Banking Services through Yes ROBOT, your 24*7 Personal Banking Chat Assistant

Yes Rewardz

Earn reward points with our best-in-class loyalty Rewardz platform at every step of your banking journey.

Click Here for more details.


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