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 16-01-2023
| Period | Single Deposit Less than ₹200 Lakhs |
|---|---|
| 1 year | 6.75% |
| Above 1 year to less than 18 months | 6.60% |
| 18 months to 2 years | 7.25% |
| Above 2 years to less than 3 years | 6.75% |
| 3 years to less than 5 years | 6.50% |
| 5 years to 2221 days | 6.30% |
| 2222 Days | 6.40% |
| 2223 days and above | 6.30% |
Effective Annualized Rate of Return
| Effective Annualized Rate of Return | (135) KB |
Interest rates for NRE Deposit Plus Scheme - NRE Term Deposits without option for Premature Withdrawal
| File name | Description | |
| HVD Web Interest 19.01.2023 | Interest rates for Resident & NRE Term Deposits of Rs.2 crore and above | (131.72) KB |