NRO fixed deposit services by SBM Bank

As a Non-Resident Indian (NRI) you might be looking for some smart investment opportunities to diversify your portfolio and grow your savings. This is why you should consider investing in NRI fixed deposits offering lucrative interest rates to NRIs.

SBM Bank India offers FDs for three types of candidates Non-Resident Indians (NRIs), Overseas Citizens of India (OCI), and Persons of Indian Origin (PIO). If you are either one of them, you can apply and choose any tenure between 1 year to 3 years, as per your financial requirements.


The Eligibility criteria for all the deposits are summarized below
NRO deposit

Currency:- Indian rupee

Repatriability:- Interest is fully repatriable after payment of taxes

Eligibility:- PIO/ Individual NRI

Joint Account Facility:- Available

Tax:- Interest might be subjected to tax

Tenure:- 1 year to 10 years