Secure Returns for Your Local Earnings.
The smartest way to park and grow your Indian-sourced income with competitive rates and flexible liquidity.
The Bharat Bank NRO Fixed Deposit is designed for NRIs and OCIs who have income originating in Indiaāsuch as rent from a property, pension, or dividends from investments. While NRE deposits focus on foreign earnings, the NRO FD is the perfect home for your "legitimate local funds." It allows you to earn attractive interest rates on your Rupee holdings while providing a clear, compliant path for managing your Indian wealth.
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Free Insurance
Life & Accident Cover
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Digital Services
Mobile Banking, UPI
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Debit Card
Rupay Classic, Platinum
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Personal Service
People-centric Banking
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APPROVED RATE OF INTEREST ON TERM DEPOSITS (DOMESTIC AND NRO#) W.E.F. 01.01.2026 (% per annum)Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā |
|||||
|---|---|---|---|---|---|
|
Sr. No |
Period of deposit |
Below ā¹ 1 Crore |
ā¹ 1 crore to less than ā¹ 2 crore |
ā¹ 2 crore to less than ā¹ 5 crore |
ā¹ 5 crore and above |
|
Domestic & NRO |
Domestic & NRO |
Domestic & NRO |
Domestic & NRO |
||
|
1 |
7 DaysĀ upto 29 DaysĀ |
4.50 |
5.50 |
5.50 |
5.50 |
|
2 |
30 DaysĀ upto 60 Days |
4.50 |
5.50 |
5.50 |
5.50 |
|
3 |
61 DaysĀ upto 90 Days |
4.75 |
5.75 |
5.75 |
5.75 |
|
4 |
91 DaysĀ upto 180 Days |
5.50 |
6.50 |
6.50 |
6.50 |
|
5 |
181 days to less than 1 yearĀ |
6.00 |
7.00 |
7.00 |
7.00 |
|
6 |
1 year to 15 months |
6.90 |
7.50 |
7.60 |
7.55 |
|
7 |
Above 15 months to 2 years |
7.00 |
7.00 |
7.00 |
7.00 |
|
8 |
Above 2 years to 3 years |
6.85 |
6.85 |
6.85 |
6.85 |
|
9 |
Above 3 years to 5 years |
6.60 |
6.60 |
6.60 |
6.60 |
|
10 |
Above 5 years |
6.75 |
6.75 |
6.75 |
6.75 |
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# No additional rate of interest shall be applicable to Senior Citizen for deposits under NRO category |
|||||
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Flexible Payouts: Choose from Monthly (at a discount), Quarterly, or Cumulative (reinvestment) plans where interest is compounded quarterly.
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Repatriability: * Interest: Fully and freely repatriable after payment of applicable taxes.
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Principal: Repatriable up to USD 1 Million per financial year (AprilāMarch) across all NRO balances.
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Joint Holding: Can be held jointly with a Resident Indian relative (on a 'Former or Survivor' basis) or with other NRIs.
-
Loan Against FD: Avail of an instant loan or overdraft up on the deposit amount for any legitimate purpose in India (excluding real estate/agricultural business).
Since NRO income is earned in India, it is subject to Tax Deducted at Source (TDS).
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Standard Rate: As per Income Tax guidelines.
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DTAA Benefit: If you reside in a country with a Double Taxation Avoidance Agreement (DTAA) with India, you can reduce your TDS to 10%ā15% by submitting:
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A valid Tax Residency Certificate (TRC) from your country of residence.
-
Form 10F (Self-declaration).
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Self-attested PAN Card copy.
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Applicants: NRIs and OCIs.
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Source of Funds: Inward remittances from abroad, transfers from NRE/FCNR accounts, or local Indian income (Rent, Dividends, etc.).
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Account Opening: Free.
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Inward Remittance: No charges for receiving funds via SWIFT/Wire Transfer (correspondent bank charges may apply).
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Premature Withdrawal: A penalty of 1.00% on the applicable interest rate for the period the deposit actually remained with the bank.
(Exclusive of GST)
|
APPROVED RATE OF INTEREST ON TERM DEPOSITS (DOMESTIC AND NRO#) W.E.F. 01.01.2026 (% per annum)Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā Ā |
|||||
|---|---|---|---|---|---|
|
Sr. No |
Period of deposit |
Below ā¹ 1 Crore |
ā¹ 1 crore to less than ā¹ 2 crore |
ā¹ 2 crore to less than ā¹ 5 crore |
ā¹ 5 crore and above |
|
Domestic & NRO |
Domestic & NRO |
Domestic & NRO |
Domestic & NRO |
||
|
1 |
7 DaysĀ upto 29 DaysĀ |
4.50 |
5.50 |
5.50 |
5.50 |
|
2 |
30 DaysĀ upto 60 Days |
4.50 |
5.50 |
5.50 |
5.50 |
|
3 |
61 DaysĀ upto 90 Days |
4.75 |
5.75 |
5.75 |
5.75 |
|
4 |
91 DaysĀ upto 180 Days |
5.50 |
6.50 |
6.50 |
6.50 |
|
5 |
181 days to less than 1 yearĀ |
6.00 |
7.00 |
7.00 |
7.00 |
|
6 |
1 year to 15 months |
6.90 |
7.50 |
7.60 |
7.55 |
|
7 |
Above 15 months to 2 years |
7.00 |
7.00 |
7.00 |
7.00 |
|
8 |
Above 2 years to 3 years |
6.85 |
6.85 |
6.85 |
6.85 |
|
9 |
Above 3 years to 5 years |
6.60 |
6.60 |
6.60 |
6.60 |
|
10 |
Above 5 years |
6.75 |
6.75 |
6.75 |
6.75 |
|
# No additional rate of interest shall be applicable to Senior Citizen for deposits under NRO category |
|||||
-
Flexible Payouts: Choose from Monthly (at a discount), Quarterly, or Cumulative (reinvestment) plans where interest is compounded quarterly.
-
Repatriability: * Interest: Fully and freely repatriable after payment of applicable taxes.
-
Principal: Repatriable up to USD 1 Million per financial year (AprilāMarch) across all NRO balances.
-
Joint Holding: Can be held jointly with a Resident Indian relative (on a 'Former or Survivor' basis) or with other NRIs.
-
Loan Against FD: Avail of an instant loan or overdraft up on the deposit amount for any legitimate purpose in India (excluding real estate/agricultural business).
Since NRO income is earned in India, it is subject to Tax Deducted at Source (TDS).
-
Standard Rate: As per Income Tax guidelines.
-
DTAA Benefit: If you reside in a country with a Double Taxation Avoidance Agreement (DTAA) with India, you can reduce your TDS to 10%ā15% by submitting:
-
A valid Tax Residency Certificate (TRC) from your country of residence.
-
Form 10F (Self-declaration).
-
Self-attested PAN Card copy.
-
Applicants: NRIs and OCIs.
-
Source of Funds: Inward remittances from abroad, transfers from NRE/FCNR accounts, or local Indian income (Rent, Dividends, etc.).
-
Account Opening: Free.
-
Inward Remittance: No charges for receiving funds via SWIFT/Wire Transfer (correspondent bank charges may apply).
-
Premature Withdrawal: A penalty of 1.00% on the applicable interest rate for the period the deposit actually remained with the bank.
(Exclusive of GST)