Overseas Citizens of India (OCIs) can indeed invest in Fixed Deposits (FDs) using their NRO accounts. Furthermore, if your Indian income falls below the taxable threshold, you can file an Income Tax Return (ITR) to claim a refund of any tax deducted at source.
04 May 2025
Can Overseas Citizen of India invest in Fixed Deposit through NRO account?Can the Income tax deducted at source be claimed as refund if the Indian Income is below taxable limit?