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NRI Banking Services

NRI RD Account - Features, Types, Taxation & How To Open

Pankaj ShawBy Pankaj Shaw |Last Updated: February 2, 2026
NRI RD Account - Features, Types, Taxation & How To Open
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  3. NRI RD Account - Features, Types, Taxation & How To Open
  4. Reading Time: 11 mins

An NRI recurring deposit account is a savings instrument for NRIs in which they deposit a fixed amount each month over a chosen tenure, ranging from 6 months to 10 years, subject to bank-specific policies. The funds deposited in the account earn interest, and the entire corpus generated over the tenure is paid to the investor upon the account's tenure ending.

NRIs looking to build a consistent savings habit in India should consider an NRI RD account, as it is a safe and secure option. Similar to regular NRI FDs, an NRI recurring deposit account lets you earn good interest over a specified tenure with minimal risk and assured returns.

Pankaj Shaw
Pankaj Shaw(Tax Expert)

Mr Shaw brings 8 years of experience in auditing and taxation. He has a deep understanding of disciplinary regulations and delivers comprehensive auditing services to businesses and individuals. From financial auditing to tax planning, risk assessment, and financial reporting. Mr Shaw's expertise is impeccable.

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Related Articles
  • Section 80C Deduction
  • Form 61A – SFT Filing
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Frequently Asked Questions

No, the interest earned on an NRE recurring deposit account is exempt from tax in India, subject to prevailing tax laws.

On maturity, you can either withdraw the proceeds manually or opt for automatic credit to your linked NRE account.

Yes, after maturity, the funds in an NRE recurring deposit account are fully repatriable.

Yes, tax deducted at source (TDS) is applicable on interest earned from an NRO recurring deposit.

Yes, you can appoint a nominee for your NRI recurring deposit account.