NRE Deposits

 

DurationFor Amount less than Rs.2.00 Crore
(% per annum w.e.f. 09.07.2020)
365 Days/ 1 year to 2 years 5.00
Over 1 year to 2 years5.00
Over 2 years to 3 years5.00
Over 3 years to 5 years5.00
Over 5 years5.00

* 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

NRE Deposits