Frequently Asked Questions
What is NRI FD?
An NRI Fixed Deposit allows NRIs to invest their money in India and earn interest on it. NRIs can open NRE, NRO, and FCNR FDs. They can earn tax-free interest income on NRE and FCNR FDs, whereas interest earned on NRO FDs is taxable in India.
What is the right kind of fixed deposit for me?
Depending on your source of income, you can open either an NRE or NRO fixed deposit with DBS Treasures. We can help you find the perfect investment solution. Click here to reach out to a Relationship Manager.
Are all NRI Fixed deposits exempt from tax?
No, NRO fixed deposits are subject to income tax. NRE and FCNR deposits, on the other hand, are not subject to income tax.
