Karan Chaudhary asked on 02/09/2020

Latest NRE FD and NRI Savings Account Interest Rates?

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SBNRI Team
answered on 02/09/2020

Latest NRE FD and NRI Savings Account Interest Rates 2020

Latest NRE FD and NRI Savings Account Interest Rates 2020

 

Banks

Savings Account Rates Tax-Free NRE FD Interest Rates
Federal 2.50%

Up to 5.50%*

SBI

2.70% Up to 5.40%*
Citibank 2.75%

Up to 3.75%*

Bank of Baroda

2.75% Up to 5.35%*
Canara Bank 2.90%

Up to 5.30%*

Indian Bank

3% Up to 5.15%*
ICICI 3% (below 50 Lakhs)

3.50% (above 50 Lakhs)

Up to 5.50%*

HDFC

3.50% (above 50 Lakhs)

3% (below 50 Lakhs)

Up to 5.50%*
Indian Overseas Bank 3.10%

Up to 5.25%*

Punjab National Bank

3% Up to 5.25%*
IDBI Bank 3% (below 25 Lakhs)

3.25% (above 25 Lakhs to 50 Lakhs)

3.50% (above 50 lakhs)

Up to 5.20%*

Kotak

3.50% Up to 4.50%*
DCB 3.50%

Up to 6.90%*

Axis Bank

3% (below 50 Lakhs)

3.50% (above 50 Lakhs)

Up to 5.50%*
DBS Bank 3.5% (upto 1 lakh)

5% (1 lakh to 2 lakh)

3.5% (above 2 lakh)

Up to 4.35%*

Union Bank of India

4% Up to 5.40%*
United Bank of India 3%

Up to 5.25%*

YES Bank

4% (upto 1 lakh)

5% (1 lakh to 10 lakh)

6% (above 10 lakh)

Up to 7%*
SBM 5% (up to 5 Lakhs)

6% (above 5 Lakhs)

Up to 7.50%*

IndusInd

4% (up to 1 lakh)

5% (1 lakh to 10 lakhs)

6% (above 10 lakhs)

Up to 7%*
RBL 6.75%

Up to 6.95%*

IDFC

6% (up to 1 lakh)

7% (above 1 lakh)

Up to 6%*
Central Bank of India N.A.

Up to 5%*

Deutsche Bank

N.A.

Up to 7.25%*

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 (16/11/2020). 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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