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NRB Welfare Deposit Pension Scheme (WDPS)

A special DPS product is for the NRBs. Under the scheme this remitters will be able to make monthly deposits from their foreign currency remittances sent for 3 or 5 years.

3 Years Tenure 5 Years Tenure
Monthly installment Maturity Amount 5 Yrs. Monthly Repayment Monthly installment Maturity Amount 7 Yrs. Monthly Repayment
5000/- 2,00,200.00 4,054.00 5000/- 3,58,120.00 5,570.00
7000/- 2,80,290.00 5,670.00 7000/- 5,01,370.00 7,800.00
15000/- 6,00,620.00 12,160.00 15000/- 1,074,380.00 16,715.00
  • Any NRBs of 18 years or more can open this account.
  • The NRB must have valid residence visa/work permit/trade license abroad or related documents.
  • On maturity NRBs can receive the entire amount or as pension on monthly basis for 5 & 7 years.
  • There must be a savings account .
  • Installment may be deposited within 10th of every month by debiting link account.
  • Advance installments may be deposited but no extra interest.
  • Late fees @ 2% of installment amount for each month.
  • Failing three (3) consecutive installments, the account will be closed.
  • Government Excise/tax at source etc. applied.
  • Photo: 2 copy passport size.
  • Nominee Photo: 1 copy pp size attested by account holder.
  • Identification: Photocopy of Valid passport with Visa page by due attestation and NID copy for Beneficiary of NRB and Utility Bill.
  • Valid Visa: Entry VISA with due attestation.
  • Address Proof: (If Any) - Resident Permit/ Work ID.