An individual is allowed to open the NRO fixed deposit account with a minimum sum of Rs 25,000 and the minimum amount required for add-on fixed deposit is Rs 10,000.
In case the status of NRI is changed to Resident Indian (RI), then the individual is required to inform the bank immediately, while, if the status is changed from Resident to Non-Resident, your existing Resident fixed deposit will be designated as an NRO fixed deposit.
HDFC Bank Non-Resident Ordinary (NRO) fixed deposit (FD) account is maintained in Indian rupees and the interest earned on the deposits is credited in the NRO savings account in every quarter of a particular year. According to HDFC Bank, all the non-resident individuals of Indian nationality or of Indian origin are eligible to open NRO fixed deposits with the bank. offers a wide range of FD schemes at a competitive interest rates with attractive and assured returns. New Delhi: HDFC Bank, India’s private sector banking giant, offers the facility of fixed deposits (FD) for Non-Resident Indian (NRI) under which the individuals can open NRO fixed deposit accounts. HDFC Bank NRO fixed deposit comes with the facility of nomination. HDFC Bank latest FD rates After the latest revision, the bank is offering an interest rate ranging from 3 to 7.20 to general customers on deposits maturing in 7 days to 10 years. NRO Tax Saver Fixed Deposit NRO Tax Saver Fixed Deposit Claim full tax exemption for investments up to Rs 1.
