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|
|Above 1 year to less than 20 months||6.80%|
|Above 20 months||6.80%|