Overview about Term deposits for Non Indian Residents
Term Deposits are a great way to invest surplus funds to earn a fixed return.
Features of Term deposits for Non Indian Residents
- Fixed returns on your existing deposits
- Principal protection of your deposits
- Term Deposits can be renewed on maturity at the then prevailing Interest rates.
- Premature & partial withdrawal facility is available
- Interest is compounded annually for deposits with a tenure of more than 1 year and on Simple Interest rate bases for deposits with a tenure of less than 1 year. Interest is paid on maturity on a cumulative basis.