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 18-11-2019

Period Less than Rs.200 Lakhs
1 year 6.50%
Above 1 year to less than 20 months 6.60%
20 months 6.85%
Above 20 months 6.60%

Effective Annualized Rate of Return