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Jiyo Easy
Interest Rates on NRE Deposits

      Notes:
  • Interest rates are subject to change from time to time.
  • There is no additional benefit to Non Resident Senior Citizens
  • If a deposit is withdrawn before 1 year term, no interest shall be payable
  • Applicable interest rates will be given as on the date of receipt of the funds by the bank.
  • NRE term deposits will be renewed automatically from the date of maturity as per the original tenor and at the interest rate prevailing on the date of maturity.
  • Premature withdrawal is allowed with a penalty of 1% on the applicable rate.


    A. NRE Savings Bank Account

    Interest Rates with effect from 04.05.2011 4.0% p.a

    (Interest on Savings Bank Accounts will be calculated on the daily balances maintained in the Account)


    B. NRE Term Deposits (w.e.f. 15.05.2012)



    PERIOD Upto Rs.15 lakhs
    (Rs/Crs)
    Rs.15 lakhs to less
    than Rs.100 lakhs(Rs/Crs)
    One Year 9.00% 9.50%
    Above One year to Three years 8.75% 9.25%
    Above 3 years to Five years 8.50% 9.00%
     
     
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