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.
- For single deposit of Rs. 1Crore and above, please contact the Branch Manager.
Premature closure penalty of 1% applicable for Resident, ONR and NRE term deposits above Rs.15 Lakhs.
Interest rates for NRE Fixed Deposits effective from 15-1-2018
|Period||Less than Rs.100 Lakhs|
|Above 1 year to less than 15 months||6.75%|
|Above 15 months to 2 years||6.75%|
|Above 2 years||6.50%|