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.

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Non-Resident accounts are not eligible for additional interest offered to senior citizens.
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The Minimum tenor for earning the interest on NRE Fixed Deposit is 1 year.
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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

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