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NRE Term
Deposit Rates

NRE Term Deposit Rates

NRE Term Deposit rates w.e.f. 22nd May, 2018

Period QIRP FDR / MIP / RD
Interest Rates (%P. A.)
Above 1 Year - Up to 2 Years 7.50 8.00
Above 2 Years - Up to 4 Years 6.50 6.75
Above 4 Years - Up to 7 Years 6.25 6.75
Above 7 Years – Up to 10 Years 6.50 6.50
  • The rate of interest on the NRE saving account remain unchanged @ 4.00% p.a
  • You have to open a saving account if you wish to keep term deposits with us
  • Minimum balance to open a New NRE saving account is ₹ 5000/-
  • In case of FDR, interest is credited on monthly basis at discounted rate or quarterly basis