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

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