Karan Chaudhary asked on 10/05/2022

Latest NRE FD and NRI Savings Account Interest Rates?

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Manoj Negi
answered on 11/06/2022

Latest NRE Savings Account & FD Interest Rates June 2022

 

 

 

Latest NRE FD and NRI Savings Account Interest Rates 2020

 

 

Fixed deposits are one of the most common NRI investment options in India as they offer assured and safe returns on investment. Non-Resident Indians (NRIs) open NRE (Non-Resident External) fixed deposits to save their foreign earnings and earn attractive returns on maturity. NRE FD rates vary from bank to bank. 

 

Both principal and interest earned are tax-free in India and fully repatriable to the country of your residence. 

 

NRE FD Rates 2022

 

Listed below are the NRE fixed deposit rates by top Indian banks for deposits less than Rs. 2 cr for a tenure ranging from 1 year to 10 years:

 

BanksSavings Account RatesTax-Free NRE FD Interest Rates
Federal4.00%5.15% to 5.75%
SBI2.70%5.10% to 5.50%*
Citibank2.50%2.75% to 3.67%
Bank of Baroda2.75%5.00% to 5.35%
Canara Bank4.00%5.10% to 5.61%
Indian Bank2.90%5.00% to 5.15%
ICICI NRE FD Rates3% (below 50 Lakhs)

3.50% (above 50 Lakhs)

5.00% to 5.60%*
HDFC4.50% (of and above Rs. 1000 cr.)

3.50% (Rs. 50 Lakhs to less than Rs. 1000 cr.)

3% (below 50 Lakhs)

5.10% to 6.35%
Indian Overseas Bank3.10%5.15`% to 5.45%
Punjab National Bank2.75% (savings fund account balance below Rs. 10 lakh)

2.80% (savings fund account balance above Rs. 10 lakh)

5.10% to 5.75%
IDBI Bank3% – 3.350%5.15% to 5.50%*
Kotak3.50%5.25% to 5.75%*
DCB3.50%5.55% to 8.59%*
Axis Bank3% (below 50 Lakhs)

3.50% (above 50 Lakhs)

5.10% to 5.75%*
DBS Bank3.50% (balance above Rs. 1 lakh to Rs. 5 lakh)

 

3.25% (balance up to Rs. 1 lakh)

3.15% to 4.50%*
Union Bank of India4%5.00% to 5.50%*
United Bank of India4%5.20% to 5.30%
YES Bank4% (up to 1 lakh)

4.25% (1 lakh to 10 lakh)

4.75% (Rs. 10 lakh to Rs. 1Cr)

5.00% (Rs. 1cr to Rs. 25 Cr)

5.25% to 5.75%
SBM3.50% (up to 2 Lakhs)

4% (2 lakhs to 5 lakhs)

5% (above 5 Lakhs)

5.85% to 7.00%*
IndusInd4% (up to Rs. 10 lakh)

5% (Above Rs. 10 lakhs)

6.55% to 7.00%*
RBL4.25% to 6.25%6.25% to 7.00%
IDFC First Bank4% (<= Rs. 1 lakh)

4.50% (>1 lakh <= Rs. 10 lakh)

5% (>Rs. 10 lakh <= Rs. 100 crore)

4.50% (>Rs. 100 crore <= Rs. 200 crore)

3.50% (> 200 crore)

5.75% to 6.25%
Central Bank of IndiaN.A.5.00% to 5.50%
Deutsche BankN.A.5.25% to 7.00%

NRE Savings Account & FD Rates 2022 for deposit less than Rs. 2 cr

 

Note: The NRE FD and NRI Savings Account Interest Rates update every month. We track the updates and present them here for you in the table above. The table was last updated on (11/06/2022). To check the interest rates in real time, just click on the name of the bank in the table. You’ll be guided to the rate explorer page of the respective bank chosen.

 

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