Fixed Deposit through NRO Account


This query is : Resolved 

Quick Summary
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?

Please advise!!
Regards

04 May 2025 1. Yes, OCIs can invest in FDs via NRO accounts.
2. Yes, file an ITR to claim a refund.

04 May 2025 Thank You Sir!

Regards

04 May 2025 You are welcome.

28 September 2025 Good luck.....


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