NRE Fixed Deposit Interest Rates

Federal bank offers attractive returns to the money you invest as an NRE customer. Interest rates for the deposit are mentioned below.

Non-Resident accounts are not eligible for additional interest offered to senior citizens.:
The Minimum tenor for earning the interest on NRE Fixed Deposit is 1 year.:
Penalty of 1% for premature closure applicable for all NRE term deposits irrespective of amount, opened/renewed on or after 14.06.2018:

Interest rates for NRE Fixed Deposits effective from 22-06-2022

Period Single Deposit Less than ₹200 Lakhs
1 year 5.45%
Above 1 year to less than 2 years 5.60%
2 years to 749 days 5.75%
750 days 5.85%
751 days to 2221 days 5.75%
2222 Days 5.95%
2223 days to less than 75 months 5.75%
75 months 5.95%
Above 75 months 5.75%

File name Description
HVD Web Interest 06.07.2022 Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above (260.75) KB

Effective Annualized Rate of Return