NRE Term 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.
Effective Annualized Rate of Return for NRE Term Deposit [Reinvestment - Cash Certificate Schemes] - Single deposits of less than ₹300 Lakhs
Effective Annualized Rate of Return for NRE Term Deposit [Reinvestment - Cash Certificate Schemes] - Single deposits of less than ₹300 Lakhs
| File name | Description | |
| HVD Web Interest 09.05.2025 | Interest rates for Resident & NRE Term Deposits of Rs.3 crore and above | (187.08) KB |
NRE Deposit Plus (Non-Callable - NRE TD without premature withdrawal)- effective from 06.05.2025
Minimum Amount: ₹1,00,00,001/-
Pre closure not allowed
Minimum Period: 12 Months
|
Period |
Rates of Interest (Deposit Less than ₹3 Cr) |
|
1 year |
6.85% |
|
Above 1 year to 443 days |
6.90% |
|
444 days |
7.25% |
|
445 days to 2 years |
6.90% |
|
Above 2 years to 5 years |
7.00% |
Effective Annualized Rate of Return for Deposit Plus Reinvestment schemes - single deposits of less than ₹300 Lakhs-Deposit Plus (NR)
Effective Annualized Rate of Return for Deposit Plus Reinvestment schemes - single deposits of less than ₹300 Lakhs-Deposit Plus (NR)
| File name | Description | |
| HVD Web Interest 09.05.2025 | Interest rates for Resident & NRE Term Deposits of Rs.3 crore and above | (187.08) KB |
| File name | Description | |
| HVD-NW webinterest 09.05.2025 | Interest rates for Resident & NRE Term deposit (Non Withdrawable) of Rs 3 Crore and above | (145.3) KB |