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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.
  • 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 Fixed Deposits effective from 17-10-2019


Period Less than Rs.200 Lakhs
1 year 6.75%
Above 1 year to less than 20 months 6.80%
20 months 7.00%
Above 20 months 6.80%






Effective Annualized Rate of Return