NRO Fixed Deposits
Fixed Deposit schemes that earn steady returns on your income generated in India.
If you are a Global Indian who wants to earn steady returns on your income generated in India, an NRO Fixed Deposit from YES BANK is the right choice for you.
Earn up to 7.85% p.a.
Open an NRO FD with as little as INR 10,000
Tenure starting from 7 days onwards
Our internet banking facility offers you 24-hour access to your account while ensuring the highest level of security
Double Taxation Avoidance Agreement (DTAA) benefit available for NRIs residing in select countries on submitting relevant documents along with your PAN. Please get in touch with the branch for details.
No penal charges on pre-mature withdrawal
No penal charges on pre-mature withdrawal, however the rate applicable will be lower of:
The original rate at which the deposit has been booked or
The rate applicable for the tenure for which the deposit has been in force with the Bank.
Interest earned on NRO Fixed deposit is subject to tax deduction at sources at
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 1 crore
35.88% (tax rate @ 30%+surcharge 15% + cess 4%) for interest^ amount greater than or equal to 1 crore
^ Total interest earned on NRO deposits and accounts
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