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
Earn up to 6.50%p.a.
Open an NRO FD with as little as INR 10,000
Tenure starting from 7 days onwards
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.
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
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
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
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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