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 28-07-2022
|Period||Single Deposit Less than ₹200 Lakhs|
|Above 1 year to less than 15 Months||5.60%|
|Above 15 Months to less than 2 Years||5.60%|
|2 years to 749 days||5.75%|
|751 days to 999 days||5.75%|
|1001 days to 2221 days||5.75%|
|2223 days to less than 75 months||5.75%|
|Above 75 months||5.75%|