This article offers a brief summary of the key aspects of the CSB Bank’s NRO Deposit schemes. Since these details are subject to frequent updates, please refer to the bank’s official website for the most current information on features and interest rates.
CSB Bank – NRO Deposit Features:
- Varieties available: Recurring, Fixed Deposits, Family Welfare Deposits, Cumulative deposits sourced from either overseas or India.
- Interest earned on NRO accounts is liable to tax deduction.
- Tax benefits applicable to NRO deposits as per the Double Taxation Avoidance Agreement (DTAA).
- Loans against term deposits are obtainable as security.
- NRO Family Welfare Deposits: Reinvestment deposit scheme intended for NRIs, accepting deposits for a duration ranging from six months to a maximum of 10 years.
How to invest?
Click here to invest in the CSB Bank’s NRO Deposit schemes.
Note: The information presented here is sourced from publicly available data. We cannot be held responsible for any inaccuracies in the details. For the most current and accurate information, please visit the official website of the respective bank/institution.