- Banking
- Wealth
- Privileges
- NRI Banking
- Treasures Private Client
from Canada
At a Glance
Canada has rapidly become a leading global destination for the significant ratio of immigrants it draws in every year. Most Indian immigrants prefer Canada over most countries for its employment opportunities and flexible immigration policies. As an NRI living in Canada, you can now manage your finances with NRI Savings Accounts and invest in NRI Fixed Deposits from Canada.
Open NRI Fixed Deposit from Canada
DBS Treasures NRI Fixed Deposits allow you to invest your money effectively and maximise your gains. Earn competitive interest rates on your NRI Fixed Deposit with DBS Treasures.
NRE Fixed Deposits
Maximise your savings systematically with DBS Treasures Non-Residential External(NRE) Fixed Deposits. Earn 100% tax-free and fully repatriatable interest gains on your foreign currency income with your NRE Fixed Deposit.
NRO Fixed Deposits
Investing in NRO Fixed Deposits is a great way to securely park your money from your regular sources of income in India and earn attractive interest gains on them. You can hold an NRI fixed Deposit jointly with another NRI or a Resident Indian citizen.
FCNR Fixed Deposits
With DSB Treasures, you can invest your Canadian Dollars in a Foreign Currency Non-Resident (FCNR) Fixed Deposit and earn profitable interest gains in the currency of deposit. Open FCNR Deposits in six major currencies and lock in your investment to protect it against currency market fluctuations.
Advantages of opening an NRI Fixed Deposit Account from Canada
- Invest your money securely with DBS Treasures NRI Fixed Deposits from Canada.
- Choose from an array of NRI FDs of varying tenures.
- Gain tax-free and fully repatriable interest gains on select NRI Fixed Deposit Accounts.
- Appoint nominees for all your NRI Fixed Deposits with DBS Treasures.
- Earn higher interest returns on your NRI FD Account.
Documents Required for opening NRI Fixed Deposit Account in Canada
Open NRI Fixed Deposit Account from Canada by submitting all necessary documents for verification as mentioned below:
Documents for NRIs in Canada
- A copy of your Indian PAN Card or Form 16
- A copy of your valid Indian Passport
- NRI status proof – a copy of employment/ visa copy or work/ residence permit.
- Address proof of your Canadian and Indian residence as per Customer Identification policy
- Passport size photographs
In addition to these documents, seafarers have to provide the following documents:
- FEMA declaration
- Current work contract
- Copy of CDC
- Last page of the disembarkation stamp
Documents for PIO/OCI in Canada
- A copy of valid Indian Passport
- A copy of a valid PIO/OCI card or any other proof of PIO as per Customer Identification policy.
- Address proof of your Canadian and Indian residence.
- Duly filled and signed PIO declaration.
- Passport size photograph
Open NRI Fixed Deposit Account
Open NRI FD Account from Canada with DBS Treasures through our online platforms like internet and mobile banking. You can also open NRI Fixed Deposit Accounts offline on your visit to India.
How to Apply for an NRI FD Account from Canada?
A DBS Treasures Relationship Manager will reach out to you soon after.
Frequently Asked Questions
Interest gains from NRE and FCNR Fixed Deposits are tax-free in India. However, interest gains from NRO Fixed Deposits are taxable under the Indian Income Tax Act of 1961.
Yes. You may freely and fully repatriate the interest earnings from all types of NRI Fixed Deposits. You may also repatriate the foreign earnings parked in your NRE and FCNR Accounts and Fixed Deposits. However, as per RBI guidelines, you may not repatriate the principal deposits in NRO Accounts.
DBS Treasures revises the interest rate on FCNR Deposits from time to time. To know all details about investing in FCNR Fixed Deposits and the interest rate offered, please get in touch with your relationship manager or visit the nearest DBS Treasures Branch.
