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.
Interest rates for NRE Term Deposits effective from 17-05-2025 (Rates in % p.a)
| Period | Single Deposit Less than ₹300 Lakhs |
|---|---|
| 1 year | 6.75% |
| Above 1 year to 443 days | 6.80% |
| 444 days | 7.15% |
| 445 days to 709 days | 6.80% |
| 710 days | 7.10% |
| 711 days to 2 years | 6.80% |
| Above 2 years to 5 years | 6.90% |
| Above 5 years to 10 years | 6.50% |
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 20.05.2025 | Interest rates for Resident & NRE Term Deposits of Rs.3 crore and above | (187.28) KB |
NRE Deposit Plus (Non-Callable - NRE TD without premature withdrawal)- effective from 17.05.2025
Minimum Amount: ₹1,00,00,001/-
Pre closure not allowed
Minimum Period: 12 Months
|
Period |
Rates of Interest (Deposit Less than ₹3 Cr) - Rates in % p.a |
|
1 year |
6.85% |
|
Above 1 year to 443 days |
6.90% |
|
444 days |
7.25% |
|
445 days to 709 days |
6.90% |
|
710 days |
7.20% |
|
711 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 20.05.2025 | Interest rates for Resident & NRE Term Deposits of Rs.3 crore and above | (187.28) KB |
| File name | Description | |
| HVD-NW webinterest 20.05.2025 | Interest rates for Resident & NRE Term deposit (Non Withdrawable) of Rs 3 Crore and above | (145.19) KB |