What interest rate would an NRI get for his Rupees investment in term deposit in India?



And do I need to bring in overseas currency or will rupees do? Secondly, is any tax payable within India? Please answer only if you know what I am on about.

One Reply to “What interest rate would an NRI get for his Rupees investment in term deposit in India?”

  1. You don’t tell us what country you now live in, but if a NRI invests in a term deposit of 6 months or greater then the applicable interest rate is between 7.5 and 9%. I have no idea about the taxes, but the bank could probably tell you that. Here are links to websites with further info:

    http://www.hsbc.co.in/1/2/personal/nri-services/usa
    http://www.hsbc.co.in/1/2/personal/bank-accounts/fixed-deposits/interest-rateshttp://syndicatebank.in/scripts/nriservices.aspx
    http://www.axisbank.com/nri/deposits/deposits.asp





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