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At a Glance

DBS Treasures allows Non-Resident Indians to open NRI accounts and invest their money through fixed deposits at competitive interest rates.

The interest rates are different for each type of term deposit account i.e. NRE, NRO and FCNR accounts. For FCNR deposits, the rate of interest also varies based on the currency the account is held in.

Opening a fixed deposit is beneficial for NRIs since it allows for:

  • Secure investments
  • A convenient way to deposit and save money earned in India via NRO fixed deposits
  • A safer way to grow your overseas earnings via NRE and FCNR fixed deposits
  • High returns

Types of fixed deposits

NRE Fixed Deposit

DBS Treasures NRE fixed deposit accounts enable you to earn competitive interest on your foreign currency earnings. DBS Treasures NRE fixed deposits are fully repatriable. Moreover, interest earned on NRE deposits is tax-free in India.

NRO Fixed Deposit

DBS Treasures NRO fixed deposit accounts allow for higher interest earnings on income earned in India while you are overseas. DBS Treasures NRO fixed deposits can be opened jointly with resident or non-resident Indians.

FCNR Deposit

When you are abroad and earning in foreign currency, you may still want to retain some of your funds in India. Your best option could be a Foreign Currency Non-Resident Fixed Deposit, commonly known as FCNR deposit. Deposit funds in foreign currencies and earn higher interest rates with an FCNR FD.


Interest Rates

NRE Fixed Deposits

Rates w.e.f. 9th September, 2022

TenureInterest Rate p. a.
1 year to 375 days5.75%
376 days to less than 2 years6.00%
2 years & less than 2 years 6 months5.75%
2 years & 6 months5.25%
2 years 6 months 1 day & less than 3 years5.25%
3 years & less than 4 years5.00%
4 years & less than 5 years5.00%
5 years and above5.00%

For NRI fixed deposits of INR 2 crore and above, please contact your Relationship Manager or nearest branch in India.

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NRO Fixed Deposits

Rates w.e.f. 28th July, 2022

FromLess than INR 2 Crore
7 days2.50%
8 days & up to 14 days2.75%
15 days & up to 29 days2.75%
30 days & up to 45 days2.75%
46 days & up to 60 days2.75%
61 days & up to 90 days3.00%
91 days & up to 180 days3.00%
181 days & up to 269 days4.75%
270 days to less than 1 year4.75%
1 year to 375 days5.75%
376 days to less than 2 years6.00%
2 years & less than 2 years 6 months6.50%
2 years & 6 months6.50%
2 years 6 months 1 day & less than 3 years6.50%
3 years & less than 4 years6.25%
4 years & less than 5 years6.25%
5 years & above6.25%

For NRI fixed deposits of INR 2 crore and above, please contact your Relationship Manager or nearest branch in India. A simple interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

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FCNR Deposits

Please reach out to your RM / Branch for the latest FCNR rates.


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Deposits Terms and Conditions:

The Bank shall, on written request from all depositors, allow withdrawal of a Resident / NRO Term deposits and NRE / FCNR Deposits before the date of its maturity. The interest on prematurely withdrawn Resident/NRO Term Deposits and NRE / FCNR deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty.

However, no interest will be paid in case of NRE / FCNR Deposits prematurely withdrawn before the expiry of 1 (one) year from the date of deposit or its renewal.

Please note that pre-closure charges of 1% will be applicable on all Term Deposits booked / renewed on or after 15th April 2019.

For detail terms and conditions click here.


How to Apply

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A Relationship Manager will reach out to you shortly.


Frequently Asked Questions

After returning to India, the customer needs to inform DBS Treasures of his/her return. The NRI savings account will then be converted to a resident Indian savings account once the relevant documentation is submitted.

The NRI FD will remain as-is until maturity after which it will be credited to the resident Indian savings account held by the customer.

NRI FD interest rates are different from domestic FD interest rates.

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