Central banks around the globe are increasing interest rates. It is likely that now you can get better returns on fixed deposits. Hence, NRIs looking for fixed-income investment options can start exploring fixed deposits. NRIs working in countries like the US, Australia, UK, etc get a much higher return on fixed deposits in India than in the developed nations. However, one needs to keep in the negative impact of rupee depreciation. If you plan to open a fixed deposit account in India as an NRI, you need to know a few things.