Comparison of NRO Fixed deposit rates in India

NRO fixed deposits that can be maintained by non-resdient citizens (NRIs) in Indian Rupees are long-term investment options. With a couple of benefits, including higher interest rate, option to repatriate interest on the deposit, overdraft facility and facility to open the term deposit account for either short or long maturity term among others, NRO term deposits yield higher post tax return in comparison to NRO or NRE savings or current account.

Here is a quick comparison of interest rates on NRO term deposits of different public sector, private sector and MNC banks in India:

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