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At a Glance

Grow your savings with DBS Treasures NRO Fixed Deposits. Earn competitive interest rates on your Indian income.

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.


Features and Benefits

  • DBS Treasures Non Resident Ordinary account fixed deposit is ideal for you if you are an NRI but have sources of regular income in India such a rental property, general fixed deposits, pension, mutual fund dividends etc.
  • Interest earned on NRO account deposits is taxable as per the Income Tax Act of 1961
  • While the principal amount is not fully repatriable, you can transfer the entire interest earned on the deposit to a foreign currency
  • NRO fixed deposit account holders can open the FD jointly with non-resident or resident Indian citizens
  • You can earn higher interest rates and returns on rupee income

Interest Rates

Rates w.e.f. 17th September 2020

FromLess than INR 2 Crore
7 days2.25
8 days & up to 14 days1
15 days & up to 29 days2.5
30 days & up to 45 days2.5
46 days & up to 60 days2.75
61 days & up to 90 days2.75
91 days & up to 180 days3
181 days & up to 269 days3.1
270 days to less than 1 year3.25
1 year to 375 days4.15
376 days to less than 2 years4.15
2 years & less than 2 years 6 months4.35
2 years & 6 months4.35
2 years 6 months 1 day & less than 3 years4.35
3 years & less than 4 years4.7
4 years & less than 5 years4.9
5 years & above5.2

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.

For more information click here.


Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply

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Documents Required

  • Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages if any)
  • Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit
  • Proof of Overseas and Indian Address (as per Customer Identification Policy)
  • Copy of Indian PAN card or Form 60
  • Recent passport size colour photograph
  • For Seafarer: Current work contract and copy of CDC along with last page of disembarkation stamp & FEMA declaration is required confirming NR status

For PIO (Person of Indian Origin)

  • Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature and observation page, if any)
  • Copy of valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy
  • Proof of Overseas and Indian Address (as per Customer Identification Policy)
  • Duly signed and filled-in PIO declaration
  • Recent passport size colour photograph

Once DBS NRO Savings account is opened basis above documents, NRO fixed deposit can be booked online through DBS Mobile / Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS branch.


How to Apply

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Frequently Asked Questions

NRO fixed deposits come with attractive interest rates, which help you earn higher returns on your investment.

You can maintain your NRO fixed deposit account in Indian rupees only

This will depend on the type of term deposit booked. For simple and cumulative deposits interest payment is at the time of maturity. For quarterly pay-out type of term deposit, the interest payment frequency is quarterly.

Yes, it is possible for you to break the FD before the maturity date. However, you need to maintain it for a minimum period of seven days in order to earn interest on it. Pre-closure charges would be levied as applicable.

If you don’t withdraw your FD upon maturity, it will be automatically renewed for the same tenure if you provide auto renewal instructions. The interest rate prevailing as on the maturity date will be applicable.

Yes you can open the FD jointly with another Non-Resident Indian or resident Indian. You can also assign a nominee for the FD account.

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