USD fixed deposit for NRIs in UAE with 5.0% returns

Where global Indians

BELONG

USD Fixed Deposits for Indians in the UAE

Airplane inside a stamp graphic indicating international travel or approval
Verified stamp icon from Belong homepage

Regulated by

Logo of Ifsca

International Financial Services Centres Authority

Invest in

USD fixed deposits

Safe from INR depreciation & tax free

Safe from INR depreciation & tax free

Short term FDs of 3-12 months

Short term FDs of 3-12 months

No Indian bank account needed

No Indian bank account needed

Easily withdraw to UAE or Indian account

Easily withdraw to UAE or Indian account

Earn more with

Belong

indiaFcnr

Indian FCNR deposit

uaeBank

UAE bank account

Investment amount
AED 20,000
AED 20,000
AED 20,000
Exchange rate

AED to USD

3.677
3.687
--
Transfer fees*
USD 0.00
USD 25
--
Deposit amount
USD 5,439.22
USD 5,399.46
AED 20,000
Interest rate*

360 days tenure

5.0%
5.5%
3.0%
Maturity amount
USD 5,714.58
USD 5,700.51
AED 20,604.50
Transfer fees*
USD 0.00
USD 25
--
Exchange rate

USD to AED

3.670
3.653
--
Net payout
AED 20,983.51
AED 20,732.64
AED 20,604.50
Net interest
4.9%
3.7%
3.0%

*Disclaimer: Exchange rates and SWIFT charges for making FCNR deposits are based on transfers done via ENBD Bank UAE. For AED deposits made in the UAE, no exchange rate or transfer fees are applied. AED interest rates have been taken as an average of the top UAE banks. Indian FCNR interest rates have been taken as an average of the top Indian banks. Belong transfer fees of USD 0 is applicable only when using linked account payment method. Maturity amount is computed using semi-annual compounding & yearly days as 360.

How it works

Verified stamp icon from Belong homepage

Download the app and complete KYC

Add money to your Belong account

Select tenure and book your USD fixed deposit

Get safe and guaranteed returns

Get your

questions answered

What is GIFT City?

What are USD fixed deposits?

Are my fixed deposits safe with Belong?

Why are you starting with NRIs in the UAE?

Does Belong provide other products?

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Get your Indian taxes filed

Online, accurately and without an 'NRI markup'

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Download the app

Where global Indians belong

Download the app

Where global Indians belong

QR code to download the Belong app

BELONG

QR code to download the Belong app

Built for global Indians

by fintech experts

who understand finance across borders

AnkurAnkurAnkur

Ankur

Co-founder & CEO

SavitriSavitriSavitri

Savitri

Co-founder & COO

SaiSaiSai

Sai

Co-founder & CBO

AyushAyushAyush

Ayush

Co-founder & CTO

Global banking for NRIs - Made in India with ❤️

Betafront Financial Services (IFSC) Pvt. Ltd., a licensed PSP under IFSCA in GIFT City

IFSCA - PSP Authorisation No: IFSC/PSP/2025-26/003

ISO/IEC 27001:2022 Certified

Partner Bank: RBL

Partner Bank: RBL

Download the Belong app!

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About Belong

Who are we?

Belong is a one-stop financial app for NRIs to save and invest in India seamlessly via GIFT City.

Our products

Belong’s first product is a high interest USD-based Fixed Deposit in partnership with a GIFT City based Indian bank.

Features of the Belong USD Fixed Deposit:

  • Tax-free returns
  • No NRE/NRO bank account needed
  • Easy withdrawals to your UAE account
  • Safety from INR depreciation

How does the Belong app work?

  • A 5-minute onboarding on the Belong app
  • Doorstep paperless KYC in UAE
  • Transfer money from your UAE bank account to create the FD

Our Tools – Smart Financial Tools Built for NRIs

Belong helps NRIs to make smarter financial decisions. We have built a suite of tools specifically for Non-Resident Indians (NRIs) to make tax planning, investment comparison, and compliance easier.

1. NRI Fixed Deposit (FD) Comparison Tool

The NRI FD comparison tool helps NRIs compare various FD rates across NRE, NRO, FCNR and GIFT City fixed deposits offered by leading Indian banks such as HDFC Bank, ICICI Bank, SBI Bank, Axis Bank and many more at a glance.

2. Residential Status Calculator

Use our Residential Status Calculator to easily determine your income tax classification in India. Whether you're a Resident, Non-Resident Indian (NRI) or Resident but Not Ordinarily Resident (RNOR), knowing your correct status is essential for accurate tax filing. This tool helps you know your status with a few quick questions, helping you stay compliant with Indian tax laws.

3. Compliance Compass

Stay on top of your financial compliance in India with Belong’s Compliance Compass, a quick and easy tool designed for NRIs, RNORs, and OCI holders to check whether they are following all the necessary rules across banking, investments and taxation.

4. GIFT Nifty Live Tracker

A tool designed to track the GIFT Nifty index in real-time, reflecting the performance of Indian equity markets. With over 20 hours of market activity each day, this tracker provides global investors with continuous insights into the Indian stock market, making it an essential tool for monitoring market trends and making informed investment decisions.

What are the other products in the pipeline?

In the future, Belong will offer other financial products to NRIs such as foreign currency savings accounts, credit cards, mutual funds and stocks.

Why choose Belong?

  • It was started by fintech experts with more than 15 years of experience in the field.
  • It is built solely for NRIs keeping their unique challenges and requirements in mind.
  • Belong itself, and all products offered/to be offered on Belong, are regulated by trusted Indian regulators.
  • The Belong app is operated by Betafront Technologies Pvt Ltd and its subsidiary, Betafront Financial Services (IFSC) Private Limited which is a licensed Payments Services Provider (PSP) under International Financial Services Centres Authority (IFSCA) in GIFT City.
  • USD fixed deposits to be provided on Belong app are by branches of trusted India banks present in GIFT City. These banks are regulated by IFSCA in GIFT City as well as by RBI.

© Copyright 2024-2025 Betafront Technologies Pvt. Ltd.

Belong app is operated by Betafront Technologies Pvt Ltd and its subsidiary, Betafront Financial Services (IFSC) Private Limited which is a licensed Payments Services Provider (PSP) under International Financial Services Centres Authority (IFSCA) in GIFT City.

USD fixed deposits to be provided on Belong app are by branches of trusted India banks present in GIFT City. These banks are regulated by IFSCA in GIFT City as well as by RBI.

Interest rates are provided by our bank partners. Estimates for time periods greater than 1 year are based on reinvestment at current rates.

Belong 'B' logo on black backgroundBelong's stylized 'E' logo on a black backgroundBelong's stylized 'L' logo on a black backgroundBelong's stylized 'N' logo on a black backgroundBelong's stylized 'G' logo on a black background