NRE Deposits

DurationFor Amount less than Rs.3.00 Crore
(% per annum w.e.f. 27.06.2025)
365 Days/ 1 year6.20
Above 1 year to 2 years6.20
Above 2 years to 3 years6.20
Above 3 Years to 5 Years6.10
Above 5 years6.10
Special Schemes
366 days6.70
555 days6.60

  • No interest is payable if the deposit is prematurely closed before the minimum period of one year.
  • Premature payment of NRE Term Deposits after one year, attracts penalty of 1% on the applicable rate of interest
  • No additional interest to senior citizens is allowed.
  • The interest rate for NRE Savings Deposits is upto 2.75 %
  • All rates are subject to change from time to time