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At a Glance

DBS Treasures gives Global Indian’s the opportunity to open NRI Accounts and invest their money through FDs at competitive interest rates.

However, the Global Indian must know that interest rates are different for each type of term deposit account i.e. it will be different for an NRE, NRO, and an FCNR account. When it comes to FCNR, do remember that the rate of interest also varies based on the currency the account is held in.

Opening a fixed deposit is beneficial for NRIs in the following ways

  • Secure investments
  • A convenient way to deposit and save money earned abroad
  • Two types of FDs - NRE and FCNR - is tax-free in India
  • High returns
 

Types of fixed deposits


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 Deposit

DBS Treasures NRO fixed deposit accounts allows you to earn good interest on your income sources in India. 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, 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 B account. Deposit funds in foreign currency and earn high interest rates at the same time with an FCNR FD.


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Interest Rates


NRE Fixed Deposits

Rates w.e.f. 17th September, 2020

PeriodLess than 2 Crore
1 year to 375 days3.15
376 days to less than 2 years3.15
2 years & less than 2 years 6 months3.35
2 years & 6 months3.35
2 years 6 months 1 day & less than 3 years3.35
3 years & less than 4 years4.35
4 years & less than 5 years4.35
5 years and above4.35

For interest rates on FDs of INR 2 Crore and above, please contact your Relationship Manager or nearest branch.


NRO Fixed Deposits

Rates w.e.f. 17th September 2020

FromLess than 2 Crore
Card RatesSenior Citizen Rates
7 days2.252.25
8 days & up to 14 days11
15 days & up to 29 days2.52.5
30 days & up to 45 days2.52.5
46 days & up to 60 days2.752.75
61 days & up to 90 days2.752.75
91 days & up to 180 days33
181 days & up to 269 days3.13.1
270 days to less than 1 year3.253.25
1 year to 375 days4.154.15
376 days to less than 2 years4.154.15
2 years & less than 2 years 6 months4.354.35
2 years & 6 months4.354.35
2 years 6 months 1 day & less than 3 years4.354.35
3 years & less than 4 years4.74.7
4 years & less than 5 years4.94.9
5 years & above5.25.2

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

Interest Rate w.e.f 1st September 2020

TenorInterest Rate
1 year to less than 2 years0.50
2 years to less than 3 years0.49
36 months to less than 37 months0.51
37 months to less than 38 months0.51
38 months to less than 48 months0.51
4 years to less than 5 years0.54
5 years0.61

Rates applicable for less than USD 275,000. For deposits greater than or equal to USD 275,000, please contact your Relationship Manager.


TenorInterest Rate
1 year to less than 2 years0.34
2 years to less than 3 years0.36
3 years to less than 4 years0.39
4 years to less than 5 years0.44
5 years0.48

Rates applicable for less than GBP 215,000. For deposits greater than or equal to GBP 215,000, please contact your Relationship Manager.


TenorInterest Rate
1 year to less than 2 years0.01
2 years to less than 3 years0.01
3 years to less than 4 years0.01
4 years to less than 5 years0.01
5 years0.01

Rates applicable for less than CHF 270,000. For deposits greater than or equal to CHF 270,000, please contact your Relationship Manager.


TenorInterest Rate
1 year to less than 2 years0.01
2 years to less than 3 years0.01
3 years to less than 4 years0.01
4 years to less than 5 years0.01
5 years0.01

TenorInterest Rate
1 year to less than 2 years0.01
2 years to less than 3 years0.01
3 years to less than 4 years0.01
4 years to less than 5 years0.01
5 years0.01

TenorInterest Rate
1 year to less than 2 years0.53
2 years to less than 3 years0.57
3 years to less than 4 years0.64
4 years to less than 5 years0.75
5 years0.85

TenorInterest Rate
1 year to less than 2 years0.01
2 years to less than 3 years0.01
3 years to less than 4 years0.01
4 years to less than 5 years0.01
5 years0.01
 

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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 prior to 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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Frequently Asked Questions

After returning to India client needs to inform us of the same. Accordingly the NRI savings account will be converted to a resident savings account as per client instruction.


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

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