An NRI Fixed Deposit is a type of bank deposit that allows Non-Resident Indians (NRIs) to deposit their earnings in an Indian bank account as savings or investments. It offers high interest rates and may provide tax benefits, such as tax-free returns depending on the type of investment. NRI Fixed Deposits can be in the form of NRE (Non-Resident External) Fixed Deposits, NRO (Non-Resident Ordinary) Fixed Deposits, or FCNR (Foreign Currency Non-Resident) Fixed Deposits, each with its own features and benefits.
Features and benefits of NRI Fixed Deposit
- Safety and credibility: The Bajaj Finance Fixed Deposit is accredited with the highest safety ratings of CRISIL AAA/ STABLE and [ICRA]AAA(Stable).
- Senior citizen benefits: Get additional interest rate benefit up to 0.25% p.a. if you are above the age of 60 to grow your wealth faster.
- Attractive returns: Grow your money at high-interest rates up to 8.30%.
Non-resident Indians (NRIs) looking to diversify their portfolios can invest in a Bajaj Finance Fixed Deposit for NRIs to get attractive and profitable returns. Bajaj Finance offers FDs for non-resident Indians, overseas citizens of India and any person of Indian origin. Investors can start investing through an NRO account.
As an NRI, you can grow your wealth at interest rates up to 8.30% p.a. Choose a tenor between 12 months and 36 months to get maturity proceeds in time for your financial needs and claim tax benefits under a DTAA to reduce your tax payment.
Bajaj Finance NRI FD is backed by CRISIL AAA/ STABLE and [ICRA]AAA(Stable), indicating the highest level of safety and lowest investment risk. Safeguard yourself from stock market fluctuations or intermittent interest rate movements by investing in an FD. You can also take advantage of periodic interest payouts should you need liquidity for recurring expenses.