NRE Fixed Deposit (FD) Interest Rates. Rates (per annum) w.e.f. 7th November, 2020. Period Less than 2 Crore; 1 year to 375 days: 3.15: 376 days to less than 2 years. Benefits of NRE Fixed Deposit Account. Flexibility: Fund your account with any convertible currency. Low deposit amount: ₹ 25,000. Hassle-free renewal: Automatic renewal of your principal and interest on maturity. Favourable exchange: Competitive exchange rates on conversion of your foreign currency into rupees. Easy movement: Principal. Note: As per the Terms & Conditions of Fixed Deposit Accounts of the bank, the penalty on premature closure of Fixed Deposits including sweep-in and partial closures has been fixed by the Bank at the rate of 1% provided your RFC FD interest is equivalent to 1% or more. This will be applicable for deposits booked on or after 24th January 2011. Bank NRE FD Interest Rates (as on 25 Feb 2021). The NRE interest rates for below 1 crore and above 1 crore on fixed deposit depend on which category for example 1 year, 2 year, 3 year. 5+ year, you fall under and your choice between different banks.
NRE Savings Account is an account which is opened by an NRI (Non Resident Indian) to park his/her overseas earnings remitted to India converted to Indian Rupees. This account is maintained in rupee. It offers the entire standard banking facilities such as issuance of cheque book/ debit card, nomination facility and other remittance facilities. The account holder will receive interest on the money deposited under this account which differs from bank to bank.
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NRE Savings Interest Rates by Banks (as on 06 Mar 2021)
| Bank Name | Min Interest Rates (p.a.) | Min Limit | Max Interest Rates (p.a.) | Max Limit | Calculate |
|---|---|---|---|---|---|
| Allahabad Bank | 4% | Less than Rs 40 Lakhs | 4% | Rs 40 Lakhs & above | |
| Andhra Bank | 4% | Upto Rs 50 Lakhs | 4% | Above Rs 50 Lakhs | |
| Axis Bank | 4% | Below Rs 50 Lakhs | 4% | Rs 50 Lakhs & above | |
| Bandhan Bank Limited | 4% | Below Rs 1 Lakh | 6% | Rs 1 Lakh & above | |
| Bank Of Baroda | 4% | Upto Rs 50 Lakhs | 4% | Above Rs 50 Lakhs | |
| Bank Of India | 4% | Upto Rs 50 Lakhs | 4% | Above Rs 50 Lakhs | |
| Bank Of Maharashtra | 4% | Upto Rs 25 Lakhs | 4% | Above Rs 25 Lakhs | |
| Canara Bank | 4% | Upto Rs 50 Lakhs | 4% | Above Rs 50 Lakhs | |
| Catholic Syrian Bank Limited | 4% | Upto Rs 1 Lakh | 4% | Above Rs 1 Lakh to Rs 50 Lakhs | |
| Central Bank Of India | 4% | Upto Rs 50 Lakhs | 4% | Above Rs 50 Lakhs | |
| City Union Bank Limited | 4% | Upto Rs 1 Lakh | 4% | Above Rs 1 Lakh | |
| Corporation Bank | 4% | Below Rs 50 Lakhs | 4% | Rs 50 Lakhs & above | |
| Dcb Bank Limited | 4% | Below Rs 1 Crore | 6% | Above Rs 1 Crore to Rs 5 Crores | |
| Dena Bank | 4% | Upto Rs 25 Lakhs | 4% | Above Rs 25 Lakhs | |
| Dhanalakshmi Bank | 4% | Upto Rs 50 Lakhs | 4% | More Than Rs 50 Lakhs | |
| Federal Bank | 4% | Below Rs 50 Lakhs | 4% | Rs 50 Lakhs & above upto Rs 10 Crores | |
| Hdfc Bank | 4% | Below Rs 50 Lakhs | 4% | Rs 50 Lakhs & above but below Rs 500 Crores | |
| Icici Bank Limited | 4% | Below Rs 50 Lakhs | 4% | Rs 50 Lakhs & above | |
| Idbi Bank | 4% | Upto Rs 25 Lakhs | 4% | Above Rs 25 Lakhs | |
| Indian Bank | 4% | Upto Rs 50 Lakhs | 4% | Above Rs 50 Lakhs | |
| Indian Overseas Bank | 4% | Upto Rs 25 Lakhs | 4% | Above Rs 25 Lakhs | |
| Indusind Bank | 4% | Upto Rs 10 Lakhs | 5% | Above Rs 10 Lakhs to Rs 1 Crore | |
| Jammu And Kashmir Bank Limited | 4% | For Any Amount | 4% | Above Rs 10 Lakhs | |
| Karnataka Bank Limited | 3% | Upto Rs 1 Lakh | 4% | Above Rs 1 Lakh to Rs 50 Lakhs | |
| Karur Vysya Bank | 4% | Upto Rs 1 Lakh | 4% | Above Rs 1 Lakh | |
| Kotak Mahindra Bank Limited | 5% | Upto Rs 1 Lakh | 6% | Above Rs 1 Lakh to Rs 1 Crore | |
| Laxmi Vilas Bank | 4% | Upto Rs 1 Lakh | 5% | Above Rs 1 Lakh to Rs 5 Lakhs | |
| Oriental Bank Of Commerce | 4% | Upto Rs 25 Lakhs | 4% | Above Rs 25 Lakhs | |
| Punjab And Sind Bank | 4% | Upto Rs 20 Lakhs | 4% | Above Rs 20 Lakhs | |
| Punjab National Bank | 4% | Upto Rs 25 Lakhs | 4% | Above Rs 25 Lakhs | |
| Rbl Bank Limited | 6% | Upto Rs 1 Lakh | 6% | Above Rs 1 Lakh to Rs 10 Lakhs | |
| South Indian Bank | 4% | Upto Rs 1 Lakh | 4% | Above Rs 1 Lakh to below Rs 5 Crore | |
| State Bank Of Bikaner And Jaipur | 4% | Upto Rs 1 Crore | 4% | Above Rs 1 Crore | |
| State Bank Of Hyderabad | 4% | Upto Rs 1 Crore | 4% | Above Rs 1 Crore | |
| State Bank Of India | 4% | Upto Rs 1 Crore | 4% | Above Rs 1 Crore | |
| State Bank Of Mysore | 4% | Upto Rs 1 Crore | 4% | Above Rs 1 Crore | |
| State Bank Of Patiala | 4% | Upto Rs 1 Crore | 4% | Above Rs 1 Crore | |
| State Bank Of Travancore | 4% | Upto Rs 1 Crore | 4% | Above Rs 1 Crore | |
| Syndicate Bank | 4% | Upto Rs 25 Lakhs | 4% | Above Rs 25 Lakhs | |
| Tamilnad Mercantile Bank Limited | 4% | Upto Rs 1 Lakh | 4% | Above Rs 1 Lakh | |
| Uco Bank | 4% | Upto Rs 50 Lakhs | 4% | Over Rs 50 Lakhs | |
| Union Bank Of India | 4% | Upto Rs 25 Lakhs | 4% | Above Rs 25 Lakhs | |
| United Bank Of India | 4% | Upto Rs 50 Lakhs | 4% | More Than Rs 50 Lakhs | |
| Vijaya Bank | 4% | Below Rs 50 Lakhs | 4% | Rs 50 Lakhs & above | |
| Yes Bank | 5% | Below Rs 1 Lakh | 6% | Rs 1 Lakh to Rs 1 Crore |
Key features and Benefits of Non Resident External (NRE) Savings Account
- Maintained in rupee.
- Both the principal as well as the interest can be repatriated.
- Interest is payable usually on a half yearly basis.
- Offers easy liquidity.
- Offers remittance facility.
- Get the cheque book facility.
- Provision for nomination. Nominee can be Resident or Non-resident or PIO(person of Indian Origin)
- Local Rupee Cheques (drawn in India) cannot be deposited in this account.
- Cash in rupees cannot be deposited in this account.
- Money in this account can be transferred from any non-resident (External) Rupee Savings and Fixed / Term Deposit account or Foreign Currency Deposit (FCNR) account.
- No income tax liability.
Now you can earn a simple interest rate of 6% p.a. on a 5 year deposit.
NRE Fixed Deposit
- - Can be opened jointly with Non Resident Indians and Persons of Indian Origin (PIOs)
- - Principal along with interest are completely repatriable
- - Interest income on balances of the NRE Fixed Deposit is exempt from income tax
- - Tenor ranges from 1 to 5 years
- - The deposit is automatically renewed on maturity in the absence of any other instruction
NRO Fixed Deposit
- - Can be opened jointly with Resident Indians. Your family in India can be joint account holders.
- - An ideal investment option for savings and income arising out of India.
- - Tenor ranges from 7 days to 5 years.
- - Interest on the deposit is credited every three months or at the time of maturity
Systematic Investment Plan (SIP)
Small investment today will go a long way to build wealth for tomorrow.
Invest in SIP today!NRE Fixed Deposit rates
w.e.f. February 18, 2021
| Tenure | Interest Rate per annum (%) |
| 1 Yr | 3.85 |
| > 1 Yr - 1.5 Yrs | 4.00 |
| > 1.5 Yrs - 2 Yrs | 4.25 |
| > 2 Yrs - 3 Yrs | 4.50 |
| > 3 Yrs - 4 Yrs | 5.00 |
| > 4 Yrs - < 5 Yrs | 5.25 |
| 5 Yrs | 6.00 |
- Initial minimum fixed deposit size is Rs. 20,000.
- Premature withdrawal:
For Single Deposit of less than Rs. 2 crores
• Less than 1 year : no interest
• 1 year & above : In case of premature withdrawal of fixed deposits, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals - Interest rates are subject to change without prior notice.
- These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
- In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
- The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year
NRO Fixed Deposit rates
w.e.f. February 18, 2021
| Tenure | Interest Rate per annum (%) |
| 7 Days | 1.80 |
| 8 - 14 Days | 1.80 |
| 15 - 29 Days | 2.50 |
| 30 Days | 3.00 |
| 31 - 45 Days | 3.00 |
| 46 - 59 Days | 3.00 |
| 60 - 89 Days | 3.25 |
| 90 - 99 Days | 3.50 |
| 100 Days | 3.25 |
| 101 - 180 Days | 3.25 |
| 181 - 270 Days | 3.65 |
| 271 Days - 1 Yr | 3.85 |
| > 1 Yr - 1.5 Yrs | 4.00 |
| > 1.5 Yrs - 2 Yrs | 4.25 |
| > 2 Yrs - 3 Yrs | 4.50 |
| > 3 Yrs - 4 Yrs | 5.00 |
| > 4 Yrs - < 5 Yrs | 5.25 |
| 5 Yrs | 6.00 |
Please note :
- Interest Rate per annum (%).
- Special interest rates quoted above are applicable for deposits of value less than Rs. 2 crores only.
- No interest is payable for deposits withdrawn prematurely before 7 days.
- Premature withdrawal
In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking and for the period for which the deposit has run. This will be applicable for all deposits including renewals. - Minimum fixed deposit amount is Rs. 20,000.
- Interest Rates are subject to change without prior notice.
- The following interest payout options available for the customer
• Monthly
• Quarterly
• Cumulative - These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
- In case of monthly interest payout, interest shall be calculated for the quarter and paid monthly at a discounted rate in line with RBI directives.
- In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
- The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year.
Book Online
Now you can open your Fixed Deposit Account at your convenience through db OnlineBanking.Types of Fixed Deposits that can be booked online:
- Regular Fixed Deposit for resident / non-resident ordinary (NRO) accounts.
- Regular Fixed Deposit for non-resident external (NRE) accounts.
Book your FD online in 2 minutes and 4 simple steps:
- Log on to db OnlineBanking
- Choose 'Book Fixed Deposit' online option
- Specify amount, tenure and interest payout frequency
- For booking deposits online, the initial minimum fixed deposit is INR 20,000 and maximum is INR 99.99 lakhs
- Contact your branch for booking deposits of higher amounts
- Payout frequency can be - Monthly, Quarterly or at Maturity for both NRO and NRE Deposits - Enter your transaction password and confirm
Your Fixed Deposit will be displayed in your account from the next working day. Your fixed deposit advice can be viewed and downloaded at a later stage from the service request query menu within online banking.
Double Taxation Avoidance Agreement
Double Taxation Avoidance Agreement (DTAA) is an Agreement entered by India with various countries. Under the current DTAA provisions, NRI customers will be entitled to lower withholding tax (TDS) subject to fulfillment of certain conditions.With the DTAA benefit, you can now enjoy the benefit of concessional rate of Tax Deducted at Source (TDS) on the interest of your NRO Account or Fixed Deposit, providing you a higher yield as compared to the regular NRO Account or Fixed Deposit.
You can visit the nearest Deutsche Bank branch and submit the following documents to avail of this facility.
- Tax Residency Certificate (TRC) for the period covering interest payable and confirming the ‘tax residency’ of the payee.
- Duly filled declaration advising the tax residency of the account holder.
- PAN Card copy for all applicants.
- Self attested copy of passport & visa.
Click here for format of declaration.
Please note:
- The declaration should have details of all accounts where you are the primary applicant (NRO Savings Account & NRO Fixed deposits).
- To avail of the facility for one complete financial year, you will have to provide the documents by 15th March of the previous year (Customers who have availed of the facility for one financial year will have to provide the documents again to avail of it in the next financial year as well).
- If you do not submit your documents before 31st March, the DTAA benefit will not be applicable on the accounts for the next financial year (till such time that you submit the documents) and the tax rate will revert to the standard rate from 1st April.
- If you provide the documents on any date during the financial year, the reduced tax rate will be applicable from that date.
- Tax once deducted at 30% and remitted to tax authorities will in not be refunded on submitting documents subsequently.
Nre Fixed Deposit Rates Hdfc
More Fixed Deposit options
Resident Fixed Deposit
Apply for NRI Fixed Deposit
Call 18602666601#
#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.
Senior Citizen Fixed Deposit
Useful Information
Tax Saver Fixed Deposit
Invest in 5 year Tax Saver Fixed Deposit to earn higher interest and also save tax.
Know more*Terms and conditions apply.
**The maximum petrol surcharge waiver per Domestic Gold Debit Cards in a calendar month will be restricted to Rs. 150.
^A minimum Average Quarterly Balance (AQB) of Rs. 200,000 in your account.
^^AUM includes a combination of Mutual Funds (excluding liquid MFs), Insurance, FDs and Savings Account Balance. A minimum Assets Under Management of Rs. 750,000 is required to be kept during a quarter.
#Terms and conditions apply. Subject to prevailing laws and regulations.
1This service is not available to citizens / residents of USA, Canada and any other country / jurisdiction which prohibits or restricts in any other manner, the sale and solicitation of Indian securities and any other financial products / services.
Deutsche Bank AG, Mumbai Branch (“Bank”) of Deutsche Bank Aktiengesellschaft, a corporation duly organized and existing under the laws of Federal Republic of Germany is regulated in India by Reserve Bank of India. It offers NRI Accounts and related services under the Reserve Bank of India program for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programs, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India. NR deposits with the Bank in India are not insured by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. The insurance available is up to a maximum of One lakh provided by India's Deposit Insurance and Credit Guarantee Corporation. The information provided herein is not directed or intended to be used by any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation within such jurisdiction or would subject the Bank or its affiliates to any licensing or registration requirements.
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