Azadi ka Amrit Mahatsav

NRE Deposits

DurationFor Amount less than Rs.2.00 Crore
(% per annum w.e.f. 08.01.2021)
365 Days/ 1 year to 2 years 4.90
Over 1 year to 2 years4.90
Over 2 years to 3 years4.90
Over 3 years to 5 years4.90
Over 5 years4.90

* Bank Term Deposits Scheme,2006 (5 years Tax Saving Scheme) is applicable upto Rs.1.5 Lakh only

  • No interest is payable if the deposit is prematurely closed before the minimum period of one year.
  • Above one year premature payment attracts penalty of 1%.
  • 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