NSE: 

NRE Fixed Deposit

NRE Fixed Deposit

Are you looking for an attractive investment scheme to park your funds with assured higher returns. Then Federal Fixed Deposit scheme is a right option for you to invest your hard earned money and get periodical income by way of interest

  • Features & Benefits
  • How to apply ?
  • Interest Rates

Key features are:

  • Minimum period of NRE term deposit is 1 Year and maximum 10 years.
  • In the case of cash certificate, interest accrued on quarterly basis will be added to the principal (reinvestment plan). 
  • Premature withdrawal of deposit is permitted. 
  • Advance will be granted up to 90% of the deposit
  • Loan can be repaid by remittance from abroad, transfer from NRE/FCNR/NRO account of the borrower or liquidation of the deposit.
  • Deposit made and interest accrued thereon can be repatriated outside India at any time.
  • Interest accrued on NRE accounts are exempt from Indian Income Tax Act as far as the NRI is resident outside India
  • No wealth tax payable for the amount outstanding in NRE accounts
  • Premature withdrawal allowed, no interest will be paid before completion of 1 year. 

You can open NRE Fixed deposit in any of the following ways:

Leave your contact details to us so that our representatives will reach you and assist you to open the deposit. To request a call back, please click here.

OR

If you are already using our Internet Banking, FedNet, you can open the deposit online.

Please click here to view the Interest rates for deposits