Best NRE Fixed Deposit Rates

An NRE Fixed Deposit is a term deposit wherein the NRI invests from a foreign country and currency to his Indian account and the currency will be converted into Indian rupees. Usually, an NRE term deposit is used to transfer foreign earnings or income and is completely tax-free. Some banks offer the best NRE account interest rates to attract customers.

As per NRI services, the NRE account also gives the benefit that principal and interest earned are freely repatriable to the account holder's country of residence. NRI interest rates are also higher than other deposit schemes. It can also be opened jointly with other Non-Resident Indian(s). 

NRE FD rates require a minimum tenure of 1 year to earn the interest rates. NRI interest rates may also vary based on the tenure of the deposit. Again, senior citizens are offered the best NRE fixed deposit rates for NRE Fixed Deposits as per the NRI services scheme of the government. All the leading banks provide NRE FD deposits and the details of NRE fixed deposit rates are available on their respective websites. 

Federal Bank offers attractive investment schemes to NRI patrons to park their funds with assured higher returns. NRE Fixed Deposit scheme is a right option for you to invest your hard earned money and get periodical income by way of interest.

Unlike investment in the stock markets, term deposits are not a risky investment as they do not depend on fluctuating market rates. Another benefit of the NRE deposit is that the principal and the interest get renewed automatically on maturity. Simultaneously, there is an option to avail loans also from the deposit at attractive NRI interest rates. 

Hence, it is always good to start an NRE Fixed Deposit as it will yield good returns in the form of income due to high FD rates and at the same time, your principal amount will be safe and secure as well.