NRE FD and FCNR FDs can be opened with funds received abroad as well.Īs an NRI, you can make use of NRO FD for investing money that you have earned in India and/or if you want to open a joint account with an Indian citizen. (can be taxed in the country of residency)
Here is a comparison of NRE FD Rates of some banks – Type of FD in BankĬheck – NRE Vs NRO Accounts – Everything You Must Know It is good to park money in FCNR fixed deposits & NRE fixed deposit accounts – The interest rate on these accounts may be different from the interest rate on resident FDs. Must Read – Why NRIs Returning to India? NRE Fixed DepositĪs an NRI, you can invest your money in fixed deposits in NRO, Non-Resident External, and/or FCNR accounts.
