Allow your income earned in India to grow at competitive rates and deliver handsome returns. Park your dividends, rental income, and other earnings in an NRO deposit with SBM NRO Fixed Deposit and choose to freely repatriate or transfer the interest earned. This NRO deposit solution offers a secure way to grow your funds while enjoying the flexibility of managing your interest earnings effectively.
NRE Deposits are risk averse with a quick and seamless process
Attractive interest rates with quarterly compounding.
Automatic renewal of your principal and interest on maturity.
Get tax-free returns in India.
Interest fully repatriable after payment of taxes.
Competitive exchange rates on the conversion of your foreign currency into rupees.
Can be jointly opened by NRIs/PIOs and Resident Indians.