Nro fixed deposit services by Sbm Bank

The NRO FD is for the NRIs and PIOs who wish to invest their foreign earnings in their home country and want to retain their money in Their home country. NRO FD rates are higher and give you higher returns on your investments. One of the safest investments in 2020 is NRO FD. High return and safe investments. NRO FD can be jointly opened by the NRI and resident Indian.

SBM Bank NRO Deposit

Invest your Indian rupee earnings and enjoy attractive returns with SBM NRO Deposit.

 

Benefits of Investing in SBM Bank

 

  • Attractive interest rates with quarterly compounding

  • Flexible tenure

  • Interest fully repatriable after payment of taxes

  • Can be jointly opened by NRIs/PIOs and Resident Indians

  • High returns

  • Less risk

 

NRO FD Rates

 

For Domestic/ NRO Rate of Interest w.e.f. – 26.06.2020 

 

Fixed Deposits (All Maturities)

 

Tenor Deposit of NRO FD  below Rs. 2 Crore 

 

7-14 days:- 3.50% 

15-30 days:- 3.75% 

31-45 days:- 4.25% 

46-60 days:- 5.50% 

61-90 days:- 5.50% 

91-120 days:- 5.50% 

121-180 days:- 5.50% 

181-210 days:- 5.75% 

211-269 days:- 5.75% 

270 below 1 year:- 6.00%

1 year to 389 days:- 6.50% 

390 days to 2 years:- 6.50% 

2 years up to 3 years:- 7.50% 

3 years up to 5 years:- 6.50% 

5 years up to 10 years:- 6.50% 

 

Fixed Deposits (All Maturities) Tenor Deposit:- 2 Crore up to 5 Crore 

7-14 days:- 3.50% 

15-30 days:- 3.75% 

31-45 days:- 4.25% 

46-60 days:- 5.50% 

61-90 days:- 5.50%

91-120 days:- 5.50% 

121-180 days:- 5.50% 

181-210 days:- 5.75% 

211-269 days:- 5.75% 

270 below 1 year:- 6.00% 

1 year to 389 days:- 6.50% 

390 days to 2 years:- 6.50% 

> 2 years up to 3 years:- 6.75%

> 3 years up to 5 years:- 6.50% 

> 5 years up to 10 years:- 6.50%

 

NOTES: 0.5% additional benefit for senior citizens (only applicable for deposits for Resident Indians). 

 

Disclaimer: Above rates are subject to change without prior notice. Depositors may please confirm the rate with respective branches before the investment.

NRO FD is best suited for people wanting to settle in India.

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