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Calculate Fixed Deposit returns
Deposit amount and payout frequency
Set your balance to ₹10L or more to unlock 7% interest p.a.!
Enter deposit tenure
Interest rate
Maturity value
Indicative monthly interest*
Indicative quarterly interest*
Indicative short term interest*
*Monthly interest payout amount shown is indicative and may be higher/lower based on the actual number of days in the respective month.
*Quarterly interest payout amount shown is indicative and may be higher/lower based on the actual number of days in the respective quarter.
*Interest payout amount shown is indicative and may vary based on the actual number of days in the respective month/quarter.
An NRO (Non-Resident Ordinary) Fixed Deposit is a term deposit account that allows Non-Resident Indians (NRIs) to invest income earned in India—such as rent, dividends, pension. Operated in Indian Rupees, an NRO Fixed Deposit enables NRIs to earn attractive returns while keeping the funds secure and accessible. This type of deposit is especially useful for NRIs who want to grow their domestic income without the risks of market fluctuations.
Read moreIDFC FIRST Bank’s NRO Fixed Deposit offers a perfect blend of reliability, flexibility, and a tax-compliant investment option with the convenience of digital banking. From competitive interest rates to flexible tenures and easy management through our intuitive mobile app, the account is designed to offer you more value and control. Invest with confidence and make your Indian earnings work harder—no matter where life takes you.
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Earn attractive returns on your Indian income with IDFC FIRST Bank’s NRO Fixed Deposits. NRO FD offers a fixed rate with a choice of Simple or Compound Interest. Simple Interest gives monthly/quarterly payouts, while Compound Interest is compounded quarterly and paid on maturity.
IDFC FIRST Bank offers a flexible range of tenures that you can opt for based on your financial preferences. You can choose a deposit period ranging from 7 days to 10 years, depending on your financial goals and liquidity preferences.
Ensure uninterrupted earnings by opting for the auto-renewal feature, where your deposit is renewed automatically at maturity at prevailing interest rates.
Open an IDFC FIRST Bank NRO Fixed Deposit account with just ₹1,000.
Active NRO Account holders can book NRO deposit through the following ways:
Book NRO FD online using net banking or mobile banking application.
Send an email from registered email ID to your RM.
Visit nearest branch for booking an NRO FD when in India.
Opening an NRO Savings Account online is the first step to booking your NRO FD — simple, secure, and seamless!
Click on ‘Open Account’ and enter your mobile number and Email address.
Fill in your details and upload your certified KYC documents along with photo and signature.
Your account will be opened on successful verification of the documents.
Non-Resident Indians
Person of Indian Origin (PIO)
Overseas Citizen India (OCI)
Seafarers working on International Vessels
Oil Rig Employees working on International Offshore Projects
Explore our range of NRI Fixed Deposit products to make an informed choice.
NRO Fixed Deposits can be booked online using net banking, mobile banking application or by sending an email from the registered email ID to your Relationship Manager.
Your NRO Fixed Deposit will be maintained in Indian Rupees.
The minimum tenure to earn interest on NRO retail deposits is 7 days & above and the Fixed Deposit can be kept for a maximum of 10 years.
The minimum amount required for opening NRO Fixed Deposit is ₹1,000 only.
We offer the most attractive interest rates on our deposits. Click here to know in detail.
As per current guidelines, the principal amount in NRO deposit is exempt from taxes in India. However, the interest earned will be subject to a tax of 30% (plus applicable surcharge and cess).
The NRO deposit account can be funded through:
• Any legitimate income from India
• Funds from any other NRO or NRE account in any bank in India
• Foreign currency remittances from overseas
RBI allows repatriation of balances held in NRO Savings Accounts up to one million USD or equivalent per financial year for bonafide purposes (For e.g. education, medical expenses, employment etc.) with documentation.
You can access your NRO Fixed Deposit through Net Banking and the Mobile Banking. Click here to log in to your Net Banking.
Your NRO Fixed Deposit with the bank can get renewed automatically on maturity at prevailing rates if specific instructions for the same have been provided during FD booking. PAN should be updated on bank records in order renew the FD automatically on maturity.
Yes, premature withdrawal of Retail NRO Fixed Deposit is permissible. In case of premature closure of the Fixed Deposit, interest will be paid basis interest rate applicable at the time of booking the Term/Fixed deposit, for the corresponding period for which deposit has remained with the bank. Additionally, term/fixed deposit if prematurely closed, would be subject to ‘Premature Closure Penalty’ as prescribed by the Bank on the date of deposit. For details of the foreclosure, charges please click here.
Yes, you can avail nomination facilities in you NRO Fixed Deposit. A nominee can be either resident or non-resident as desired by the account holder.
NRO Fixed Deposit rates are computed using a fixed rate. You can choose between Simple or Compound Interest. For Simple Interest FD, you can get monthly or quarterly pay-out and in case of Compound Interest, interest is compounded quarterly and paid on maturity.
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Reach out to your Dedicated Relationship Manager. Login to IDFC FIRST Bank Mobile Banking App > Access Menu in top left > My Relationship Team