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NRE Deposits
| Duration | For Amount less than Rs.3.00 Crore (% per annum w.e.f. 14.01.2025) |
|---|---|
| 365 Days/ 1 year | 6.75 |
| Above 1 year to 2 years | 6.50 |
| Above 2 years to 3 years | 6.50 |
| Above 3 Years to 5 Years | 6.50 |
| Above 5 years | 6.50 |
| Special Schemes | |
| 366 days | 7.45 |
| 555 days | 7.40 |
| 777 days | 7.25 |
- 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
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