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 |
|---|---|
| 1 year | 5.45% |
| Above 1 year to less than 15 Months | 5.60% |
| 15 Months | 6.40% |
| Above 15 Months to less than 2 Years | 5.60% |
| 2 years to 749 days | 5.75% |
| 750 days | 5.85% |
| 751 days to 999 days | 5.75% |
| 1000 days | 6.25% |
| 1001 days to 2221 days | 5.75% |
| 2222 Days | 6.00% |
| 2223 days to less than 75 months | 5.75% |
| 75 months | 5.95% |
| Above 75 months | 5.75% |
Effective Annualized Rate of Return
| Effective Annualized Rate of Return | (134) KB |
| File name | Description | |
| HVD Web Interest 22.09.2022 | Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above | (257.52) KB |