NRE Fixed Deposit Rates 2024: Top Banks for NRE FDs

Fixed deposits are one of the most preferred investment options in India because of the nominal risk and guaranteed returns. Like resident Indians, Non-Resident Indians (NRIs) are also investing in NRI (NRE, NRO & FCNR) fixed deposits to save and manage their foreign income in India. NRE fixed deposits are similar to regular term deposits, opened using NRE accounts. All NRIs and PIOs can invest in NRE FDs in India. Indian banks and NBFCs (Non-Banking Financial Companies) offer attractive NRE Fixed Deposit rates, which are virtually tax-free.

๐—•๐—ฒ๐˜€๐˜ ๐— ๐˜‚๐˜๐˜‚๐—ฎ๐—น ๐—™๐˜‚๐—ป๐—ฑ๐˜€ for NRI in India 2024

There are dozens of mutual fund houses in India that offer different schemes that investors can choose from depending on their investment goals. The definition of the best mutual fund varies from investor to investor. You can invest in a fund as per your objective, horizon and risk appetite. Letโ€™s look at some of the best mutual funds in India for 2022.

Best Debt Mutual Funds in India 2024 for Residents and NRIs/OCIs

Debt funds are a kind of mutual funds that lend money to the government and companies to generate returns. In India, debt funds principally invest in fixed-income securities, including corporate bonds, debentures, treasury bills, commercial paper, etc. Funds that earn fixed interest and involve lower risk than equity funds can be considered best debt mutual funds. Both normal residents as well as NRIs can invest in these funds.
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