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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  • If a deposit is withdrawn before 1 year term, no interest shall be payable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. 02.02.2013)



    PERIOD Interest Rate per annum
    Upto Rs.100 lakhs
    One Year 9.25%
    Above One year to Three years 9.25%
    Above 3 years to Five years 9.00%
    Above 5 years to Ten years 8.50%
     
     
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