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NRI Fixed Deposits
At a Glance
DBS Bank has Fixed Deposit Options for the Global Indian through which they can save money. Non-resident Indians have several Fixed Deposit Options to choose from, and DBS Bank has the following options:
NRE Fixed Deposit:
DBS Treasures NRE fixed deposit accounts enable you to earn high interest from 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 Deposits:
You can grow your savings with DBS Treasures' NRO Fixed Deposits, through which you can earn competitive interest rates on your Indian Income. DBS Treasures NRO fixed deposits can be opened jointly with resident or non-resident Indians.
When you are abroad and earning in foreign currency, but still want to keep some of your funds in India, your best option could be a Foreign Currency Non-Resident Fixed Deposit, commonly known as FCNR deposit or FCNR account. Deposit funds in foreign currency and earn high interest rates at the same time with an FCNR FD.
Advantages of DBS Bank's NRI FD Account
- Investment safe and secure
- Ideal way to deposit and save money that is earned abroad
- Certain FDs are exempt from tax
- Nomination option allowed
- High returns
Opening an NRI FD account
Depending on the type of FD, you can open DBS Bank’s NRI FD either online or offline. All you need is to submit the right set of documents and open the account.
How to Apply
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