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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. 20.11.2014)

Less than ` 1 cr

` 1 cr to less than ` 10 cr
*

` 10 cr to less than ` 25 cr
*

` 25 cr to less than ` 50 cr
*

` 50 cr to less than ` 100 cr
*

` 100 cr & above
*

1 year exact

8.91

8.91

8.91

8.91

8.91

8.91

Above 1 yr to 443 days

8.50

8.50

8.50

8.50

8.50

8.50

444 days

9.00

9.00

8.50

8.50

8.50

8.50

445 days to 2 years

8.50

8.50

8.50

8.50

8.50

8.50

Above 2 to less than 5 yrs

8.75

8.50

8.50

8.50

8.50

8.50

Exact 5 yrs

8.75

8.25

8.25

8.25

8.25

8.25

Above 5 to 10 yrs

8.25

8.00

8.00

8.00

8.00

8.00

*Acceptance of deposits of over ` 5 Crores is at the discretion of the Bank.

NB: Synd Disha IV w.e.f. 10.10.2014.

  • Additional interest to Employees / eligible ex-employees and senior citizens as applicable to Domestic Term Deposits is not applicable on NRE deposits
  • Rates quoted on daily basis over the above card rates on Domestic TDs will be  treated as DRI (Differential Rates of Interest) and such deposits will be DRI deposits.
  • The revised rate of interest shall apply to fresh as well as renewals of existing NRE Deposits w.e.f. 20.11.2014.
 
Premature withdrawal of NRE Term Deposits
 
 
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