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Home >> Products and Services >> Rate Of Interest >> NRE Deposits Interest Rates
 
Non Resident External (NRE) Deposits Interest Rates

NRE Rupee Saving Deposit

S. No.
Currency
Type of deposit
Revised Rates
(% p.a.)
(w.e.f. 03.05.2011)
1
INR
NRI Rupee Savings Deposit

4.00

Rates of Interest on Non Resident Rupee Term Deposits A/C's

The Current Interest Rates on NRE Rupee Term Deposit A/cs. are given below:

Period of Deposit / Tenors
Rates of Interest
(% p.a.)
(w.e.f. 09.04.2013)

Less than Rs 1 Crore

Rs 1 Crore & Above ##

1 Year (exact)

9.00

9.00

Above 1 year up to 2 yrs

8.50

8.50

Above 2 years up to 5 yrs

8.00

8.00

Above 5 yrs up to 10 yrs

8.00

8.00
  • ## For Term Deposits of Rs 5.00 Crores and above, the rate quoted above under "Rs. 1 Crore and Above" are only indicative and Customers are to contact the nearby Branch for specific rates for the day.
  • Additional interest to Employees / eligible ex-employees and senior citizens as applicable to Domestic Tem Deposits is NOT applicable on NRE deposits.
  • The revised rate of interest shall apply to both fresh term deposits and renewals of existing term Deposits w.e.f. 09.04.2013.
 
Penalty for premature withdrawal of NRE Term Deposits – 1% as applicable to Domestic Term Deposits
 
Penalty for premature renewal of NRE Term Deposits – 0.50% as applicable to Domestic Term Deposits

 

 
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