NRE Term 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 Term Deposits effective from 15-11-2023 (Rates in % p.a)
|Period||Single Deposit Less than ₹200 Lakhs|
|1 year to less than 13 months||6.80%|
|13 months to 399 days||7.30%|
|401 days to 21 months||7.30%|
|Above 21 months to less than 2 years||6.75%|
|2 years to less than 3 years||7.05%|
|3 years to less than 5 years||7.00%|
|5 years and above||6.60%|