Robust earnings, anytime, anywhere
Our fixed deposit accounts are perfect for NRIs looking to capitalize on their earnings abroad while enjoying the safety of a stable investment. What's more, the interest you earn is exempt from tax, making it an even more attractive option. The freedom to repatriate the balance in your account provides you with financial flexibility, and the option to hold a joint account with other NRIs or resident close relatives adds a familial dimension to your investment. Whether you’re working overseas, involved in business or academia, or even if you’re a seafarer, this investment caters to a diverse range of NRIs. It's not just a deposit; it's a smart financial step towards securing your future needs. Read more
Make matters simple and straightforward
Plan it your way with our smart calculator
Term deposit calculator
Maturity Amount
₹13,800/Months
Why choose our fixed deposits
Future-proof your money from anywhere in the world
Enjoy the dual benefit of secure investments and tax-free returns on your savings in India
Transfer funds freely to and from India, offering you the utmost convenience in managing your global finances
Share the benefits with your family by opting for a joint account, bringing you closer to your loved ones back home
Who can apply for NRI fixed deposits
- NRIs (Non-Resident of India) holding Indian passport
- Indian students pursuing higher education
- Seafarers and maritime professionals of Indian nationality
- Persons of Indian Origin (PIOs) who were citizens of India on 26 January 1950
- Overseas Citizens of India (OCIs)
BANKING WITH YOU
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24/7 support for your banking needs
Banking with trust, expertise and care
Expanding the KBL family everyday
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Mr. Sirimall Mahesh
KBL Xpress Car Loan
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Carol Dsouza
KBL Xpress Car Loan
“It was like quick, hassle-free, fully digital. Outstanding and excellent.”
Mr. Shadul Umaji Yadhav
KBL Mobile Plus
“I just wanted to open a new personal account. So my business partner recommended me to open an account in Karnataka Bank and I am quite happy with my decision. They (the staff) are very kind, very supportive and they attend to you very well.”
Karan Deodatta Pradeshi
Savings Account
“I downloaded their mobile banking app to test out its functionality - one of the most responsive and most user friendly. It is the perfect blend of the conventional personal touch banking and the high-tech digital banking”
Rahul Nasal
Mobile Banking
Got questions? We’ve got answers.
The NRE Fixed Deposit Account is tailored for NRIs to deposit foreign earnings, offering tax-free interest and repatriation flexibility. Unlike regular savings accounts, which typically have variable interest rates and liquidity, this fixed deposit provides higher, stable returns over a chosen period, ideal for long-term savings.
To download the KBL Mobile Plus app, visit the Google Play Store or Apple App Store on your mobile device. Search for 'KBL Plus' in the store, select the app published by Karnataka Bank, and click 'Install' to download it onto your device.
Yes, the account can be jointly held with a resident Indian. This feature makes it convenient for NRIs to manage their finances in tandem with family members residing in India.
To open this account, NRIs need to provide a valid Indian Passport or Overseas Resident Card, a valid Employment Visa/Work Permit/Student Visa/Overseas Resident Card, proof of communication address, and a PAN Card or Form 60. For NRIs unable to visit a branch in India, off-site verification can be completed with attested photocopies of these documents. Attestation can be done by authorized officials of overseas branches of Scheduled Commercial Banks registered in India, branches of overseas banks with Indian bank relationships, Notary Publics, Court Magistrates, Judges, or Indian Embassy/Consulate officials in the country of residence.
This account is designed for Non-Resident Indians (NRIs), including professionals working abroad, government employees on foreign assignments, Indian students abroad, and seafarers of Indian origin. Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs) are also eligible, making it inclusive for Indians globally.
Yes, nominating someone for your account ensures that in the event of unforeseen circumstances, the management and disposition of your deposit can be handled smoothly. This provides an added layer of security and ease for your family.
Interest earned on these deposits is subject to Indian tax laws, aligning with financial regulations and compliance.
A Fixed Deposit (FD) is a one-time investment where you deposit a lump sum amount for a specific period, earning a fixed rate of interest. In contrast, a Recurring Deposit (RD) involves depositing a fixed amount every month over a set period, also earning interest. While FDs are suitable for those with a lump sum to invest, RDs are ideal for regular, disciplined saving.
Interest earned on NRE Fixed Deposits is exempt from tax in India, offering a significant advantage for NRIs. This tax exemption makes it an attractive option for saving foreign earnings in India, especially when compared to taxable income in many foreign countries.
Yes, our digital banking platform allows convenient online management from anywhere in the world.
For Non-Resident Indians (NRIs) looking to invest in their home country, NRI Fixed Deposits are a lucrative option. These deposit schemes offer competitive NRI FD rates, often higher than those available to resident Indians. They serve as a secure investment avenue with the added advantage of earning returns in India's growth story. NRI FD interest rates vary based on the tenure and amount of deposit, providing flexibility and benefits such as quarterly or monthly interest payouts or reinvestment options. By choosing NRI deposits, investors can manage their earnings in India efficiently while residing abroad. With the stability and security offered by fixed deposits, NRIs can ensure their hard-earned money grows steadily over time. Whether it's for future financial goals or accruing savings, exploring the various NRI fixed deposit options with their attractive interest rates is a wise financial step for any NRI.
NRI services play a crucial role in bridging the financial needs of the Indian diaspora with the opportunities available in India. They provide a platform for NRIs to invest, save, and manage their earnings in their home country, even while they reside abroad. Services like NRI accounts, loans, and investment options ensure that NRIs can contribute to and benefit from India's economic growth. These services also aid in maintaining a financial connection with their homeland, which is crucial for those who plan to return or have familial and investment ties in India.
