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PRINT FORM / )( FIXED/RECURRING DEPOSIT FORM (ACCOUNT OPENING AND MATURITY INSTRUCTIONS) Branch Date Please complete all details in BLOCK letters. Please tick if applicable. New customers need to.

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Banks in India also allow their NRI customers to invest in recurring deposit schemes. NRI customers of banks can choose to invest money in recurring deposits through NRE Deposit Accounts or NRO Deposit Accounts.

An NRE account is a bank account opened in India in the name of an NRI, to park his foreign earnings; whereas, an NRO account is a bank account opened in India in the name of an NRI, to manage the income earned by him in India. These incomes include rent, dividend, pension, interest, etc.

An NRE Recurring Deposit is a type of bank deposit that is linked to your NRE account. Your NRE account is one where you can deposit your foreign earnings in the currency of your foreign country of residence. It enables you to maintain the income you earn outside India as an NRI.

Recurring Deposit: Other than earning interest on your investment, this RD scheme allows you to avail a loan against the deposit amount. You can open the account with a minimum amount of Rs. 100 for a period ranging from 3 years to 5 years.

NRI/NRE Recurring Deposit Account: Banks also provide the non-residential Indian with options to open a recurring deposit with NRE/NRO Recurring deposit account. NRIs can earn a substantial rate of interest and can make huge savings with small monthly investments. They can choose from either NRE or NRO accounts.

What is the tenure for which I can open NRE Recurring Deposit? Minimum Tenure: 1 year and thereafter in multiples of 3 months.

Is interest earned on NRE Recurring Deposit taxable in India? No, Interest earned on NRE Account is not taxable in India.

NRO (Non-Resident Ordinary) Recurring Deposit Account, maintained in Indian Rupees, is an excellent option for NRIs to make big savings by investing small sums every month from the income earned in India. By continuing to use the site, you are accepting the bank's privacy policy.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232