NRO-short Term Deposit

NRI Services > NRI Deposits > Fixed Deposits Rupees > NRO-short Term Deposit

Unlock the potential of your funds with Union Bank of India's NRO Short-Term Deposit. Designed for Non-Residential Ordinary (NRO) account holders, our NRO Short-Term Deposit offers an excellent opportunity to earn attractive returns on your surplus funds. With flexible tenure options and competitive interest rates, you can make the most of your idle funds while maintaining liquidity. Union Bank's trusted banking services ensure a seamless and secure banking experience. Start maximising your returns today with the NRO Short-Term Deposit!

Competitive Returns: Earn attractive interest rates on your NRO Short-Term Deposit, allowing you to grow your funds effectively.
Flexible Tenure Options: Choose a tenure that suits your financial goals, ranging from 7 days to 180 days, providing you with the flexibility to align your investment horizon.
Liquidity: Enjoy the benefit of liquidity with the NRO Short-Term Deposit, as you can access your funds whenever needed.
Nomination Facility: Nominate a beneficiary to ensure a smooth transfer of funds in case of unforeseen circumstances.
Repatriation: Easily repatriate your funds, including the principal and interest earned, as per the RBI guidelines.
Online Account Access: Access your NRO Short-Term Deposit account online, enabling you to monitor your investment, track transactions, and manage your funds conveniently.
Secure and Reliable: Union Bank of India ensures the safety and security of your funds with advanced security measures and robust banking infrastructure.

Frequently Asked Questions (FAQs)

What is the minimum tenure for an NRO Short-Term Deposit?

Can I withdraw my funds from the NRO Short-Term Deposit before the maturity date?

Are the returns on NRO Short-Term Deposit taxable?

Can I open multiple NRO Short-Term Deposit accounts?

Is there a penalty for early withdrawal from the NRO Short-Term Deposit?

NRO-short Term Deposit

Frequently Asked Questions (FAQs)

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