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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.
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Penalty of 1% for premature closure applicable for all NRE term deposits irrespective of amount, opened/renewed on or after 14.06.2018
| File name | Description | |
| HVD Web Interest 03122019 | Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above | (383.03) KB |
Effective Annualized Rate of Return
| Effective Annualized Rate of Return | (434108) KB |
Best NRE Fixed Deposit Rates
An NRE Fixed Deposit is a term deposit wherein the NRI invests from a foreign country and currency to his Indian account and the currency will be converted into Indian rupees. Usually, an NRE term deposit is used to transfer foreign earnings or income and is completely tax-free. Some banks offer the best NRE account interest rates to attract customers.
As per NRI services, the NRE account also gives the benefit that principal and interest earned are freely repatriable to the account holder's country of residence. NRI interest rates are also higher than other deposit schemes. It can also be opened jointly with other Non-Resident Indian(s).
NRE FD rates require a minimum tenure of 1 year to earn the interest rates. NRI interest rates may also vary based on the tenure of the deposit. Again, senior citizens are offered the best NRE fixed deposit rates for NRE Fixed Deposits as per the NRI services scheme of the government. All the leading banks provide NRE FD deposits and the details of NRE fixed deposit rates are available on their respective websites.
Federal Bank offers attractive investment schemes to NRI patrons to park their funds with assured higher returns. NRE Fixed Deposit scheme is a right option for you to invest your hard earned money and get periodical income by way of interest.
Unlike investment in the stock markets, term deposits are not a risky investment as they do not depend on fluctuating market rates. Another benefit of the NRE deposit is that the principal and the interest get renewed automatically on maturity. Simultaneously, there is an option to avail loans also from the deposit at attractive NRI interest rates.
Hence, it is always good to start an NRE Fixed Deposit as it will yield good returns in the form of income due to high FD rates and at the same time, your principal amount will be safe and secure as well.
