Nre Fixed Deposit Rates

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NRE Savings Interest Rates (as on 02 Mar 2021) - Non Resident External (NRE) Savings Account is an account which is opened by an NRI (Non Resident Indian) to park his/her oerseas earnings remitted to India converted to Indian Rupees. Find Home Loan, Personal Loan, Car Loan, Education Loan, IFSC Code, MICR Code, Swift Code. NRE FD by Bank of Baroda offers a matured term deposit of 1 year and above with features such as no income tax liability, provision for nomination etc. Open a NRE fixed deposit account now! The interest earned on NRE deposit is totally exempt from Indian Income Tax - No TDS.; The principal and interest are freely repatriable. The revised deposit rates on NRE deposits will apply only to fresh deposits accepted and matured deposits renewed on or after. NRE Fixed Deposit Interest Rate NRE Fixed Deposit Interest Rate RATES OF INTEREST ON NON-RESIDENT EXTERNAL (NRE) ACCOUNT DEPOSITS W.E.F. The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.

Bank NameFixed Interest RatesFD RatesCalculate
Allahabad Bank6.50% to 6.75%
Andhra Bank5.45% to 5.40%
Bank Of Baroda5.30% to 5.10%
Bank Of India5.25% to 5.35%
Bank Of Maharashtra5.00% to 5.00%
Canara Bank5.30% to 5.40%
Central Bank Of India5.10% to 5.00%
Corporation Bank5.45% to 5.40%
Dena Bank5.30% to 5.10%
Idbi Bank4.80% to 5.20%
Indian Bank5.15% to 5.25%
Indian Overseas Bank5.35% to 5.30%
Oriental Bank Of Commerce5.30% to 5.25%
Punjab National Bank5.30% to 5.25%
Punjab And Sind Bank5.55% to 5.55%
State Bank Of India5.30% to 5.10%
State Bank Of Mysore5.30% to 5.10%
State Bank Of Hyderabad5.30% to 5.10%
State Bank Of Patiala5.30% to 5.10%
State Bank Of Travancore5.30% to 5.10%
State Bank Of Bikaner And Jaipur5.30% to 5.10%
Syndicate Bank5.30% to 5.50%
Uco Bank4.95% to 5.00%
Union Bank Of India5.45% to 5.40%
United Bank Of India6.00% to 6.50%
Vijaya Bank5.30% to 5.10%
Axis Bank5.50% to 5.20%
Bandhan Bank Limited5.75% to 5.75%
Catholic Syrian Bank Limited5.75% to 5.25%
City Union Bank Limited5.25% to 5.50%
Dcb Bank Limited6.95% to 6.50%
Dhanalakshmi Bank5.60% to 5.25%
Federal Bank5.60% to 5.45%
Hdfc Bank5.50% to 5.10%
Icici Bank Limited5.50% to 5.00%
Indusind Bank6.65% to 7.00%
Jammu And Kashmir Bank Limited5.30% to 5.10%
Karnataka Bank Limited5.70% to 5.50%
Karur Vysya Bank5.65% to 5.50%
Kotak Mahindra Bank Limited4.50% to 4.75%
Laxmi Vilas Bank6.00% to 6.00%
Rbl Bank Limited6.65% to 7.00%
South Indian Bank5.60% to 5.50%
Tamilnad Mercantile Bank Limited5.75% to 5.90%
Yes Bank6.75% to 6.75%

Now you can earn a simple interest rate of 6% p.a. on a 5 year deposit.

Non Residents can choose from two types of Indian Rupee Fixed Deposits:

NRE Fixed Deposit

  • - Can be opened jointly with Non Resident Indians and Persons of Indian Origin (PIOs)
  • - Principal along with interest are completely repatriable
  • - Interest income on balances of the NRE Fixed Deposit is exempt from income tax
  • - Tenor ranges from 1 to 5 years
  • - The deposit is automatically renewed on maturity in the absence of any other instruction

NRO Fixed Deposit

  • - Can be opened jointly with Resident Indians. Your family in India can be joint account holders.
  • - An ideal investment option for savings and income arising out of India.
  • - Tenor ranges from 7 days to 5 years.
  • - Interest on the deposit is credited every three months or at the time of maturity

Systematic Investment Plan (SIP)

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NRE Fixed Deposit rates

Bank Of Baroda Nre Fixed Deposit Rates

w.e.f. February 18, 2021

Tenure Interest Rate per annum (%)
1 Yr3.85
> 1 Yr - 1.5 Yrs4.00
> 1.5 Yrs - 2 Yrs4.25
> 2 Yrs - 3 Yrs4.50
> 3 Yrs - 4 Yrs5.00
> 4 Yrs - < 5 Yrs5.25
5 Yrs6.00
  • Initial minimum fixed deposit size is Rs. 20,000.
  • Premature withdrawal:
    For Single Deposit of less than Rs. 2 crores
    • Less than 1 year : no interest
    • 1 year & above : In case of premature withdrawal of fixed deposits, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals
  • Interest rates are subject to change without prior notice.
  • These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
  • In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
  • The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year

NRO Fixed Deposit rates

w.e.f. February 18, 2021

Tenure Interest Rate per annum (%)
7 Days1.80
8 - 14 Days1.80
15 - 29 Days2.50
30 Days3.00
31 - 45 Days3.00
46 - 59 Days3.00
60 - 89 Days3.25
90 - 99 Days3.50
100 Days3.25
101 - 180 Days3.25
181 - 270 Days3.65
271 Days - 1 Yr3.85
> 1 Yr - 1.5 Yrs4.00
> 1.5 Yrs - 2 Yrs4.25
> 2 Yrs - 3 Yrs4.50
> 3 Yrs - 4 Yrs5.00
> 4 Yrs - < 5 Yrs5.25
5 Yrs6.00

Please note :

  • Interest Rate per annum (%).
  • Special interest rates quoted above are applicable for deposits of value less than Rs. 2 crores only.
  • No interest is payable for deposits withdrawn prematurely before 7 days.
  • Premature withdrawal
    In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking and for the period for which the deposit has run. This will be applicable for all deposits including renewals.
  • Minimum fixed deposit amount is Rs. 20,000.
  • Interest Rates are subject to change without prior notice.
  • The following interest payout options available for the customer
    • Monthly
    • Quarterly
    • Cumulative
  • These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
  • In case of monthly interest payout, interest shall be calculated for the quarter and paid monthly at a discounted rate in line with RBI directives.
  • In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
  • The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year.

Book Online

Now you can open your Fixed Deposit Account at your convenience through db OnlineBanking.

Types of Fixed Deposits that can be booked online:

  • Regular Fixed Deposit for resident / non-resident ordinary (NRO) accounts.
  • Regular Fixed Deposit for non-resident external (NRE) accounts.

Book your FD online in 2 minutes and 4 simple steps:

  • Log on to db OnlineBanking
  • Choose 'Book Fixed Deposit' online option
  • Specify amount, tenure and interest payout frequency
    - For booking deposits online, the initial minimum fixed deposit is INR 20,000 and maximum is INR 99.99 lakhs
    - Contact your branch for booking deposits of higher amounts
    - Payout frequency can be - Monthly, Quarterly or at Maturity for both NRO and NRE Deposits
  • Enter your transaction password and confirm

Your Fixed Deposit will be displayed in your account from the next working day. Your fixed deposit advice can be viewed and downloaded at a later stage from the service request query menu within online banking.

Double Taxation Avoidance Agreement

Double Taxation Avoidance Agreement (DTAA) is an Agreement entered by India with various countries. Under the current DTAA provisions, NRI customers will be entitled to lower withholding tax (TDS) subject to fulfillment of certain conditions.

With the DTAA benefit, you can now enjoy the benefit of concessional rate of Tax Deducted at Source (TDS) on the interest of your NRO Account or Fixed Deposit, providing you a higher yield as compared to the regular NRO Account or Fixed Deposit.

You can visit the nearest Deutsche Bank branch and submit the following documents to avail of this facility.

  • Tax Residency Certificate (TRC) for the period covering interest payable and confirming the ‘tax residency’ of the payee.
  • Duly filled declaration advising the tax residency of the account holder.
  • PAN Card copy for all applicants.
  • Self attested copy of passport & visa.

Click here for format of declaration.

Please note:

  • The declaration should have details of all accounts where you are the primary applicant (NRO Savings Account & NRO Fixed deposits).
  • To avail of the facility for one complete financial year, you will have to provide the documents by 15th March of the previous year (Customers who have availed of the facility for one financial year will have to provide the documents again to avail of it in the next financial year as well).
  • If you do not submit your documents before 31st March, the DTAA benefit will not be applicable on the accounts for the next financial year (till such time that you submit the documents) and the tax rate will revert to the standard rate from 1st April.
  • If you provide the documents on any date during the financial year, the reduced tax rate will be applicable from that date.
  • Tax once deducted at 30% and remitted to tax authorities will in not be refunded on submitting documents subsequently.

More Fixed Deposit options

Resident Fixed Deposit

Get better returns on your deposit. Invest in Deutsche Bank Fixed Deposit. Know more

Apply for NRI Fixed Deposit

Call 18602666601#


Hdfc Nre Fixed Deposit Rates

#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.

Senior Citizen Fixed Deposit

Live carefree with special interest rate on selective tenures. Know more

Useful Information

Tax Saver Fixed Deposit

Invest in 5 year Tax Saver Fixed Deposit to earn higher interest and also save tax.

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Fixed Deposit Rates Sri Lanka

*Terms and conditions apply.
**The maximum petrol surcharge waiver per Domestic Gold Debit Cards in a calendar month will be restricted to Rs. 150.

^A minimum Average Quarterly Balance (AQB) of Rs. 200,000 in your account.
^^AUM includes a combination of Mutual Funds (excluding liquid MFs), Insurance, FDs and Savings Account Balance. A minimum Assets Under Management of Rs. 750,000 is required to be kept during a quarter.
#Terms and conditions apply. Subject to prevailing laws and regulations.

1This service is not available to citizens / residents of USA, Canada and any other country / jurisdiction which prohibits or restricts in any other manner, the sale and solicitation of Indian securities and any other financial products / services.

Nre Fixed Deposit Rates Federal Bank

Deutsche Bank AG, Mumbai Branch (“Bank”) of Deutsche Bank Aktiengesellschaft, a corporation duly organized and existing under the laws of Federal Republic of Germany is regulated in India by Reserve Bank of India. It offers NRI Accounts and related services under the Reserve Bank of India program for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programs, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India. NR deposits with the Bank in India are not insured by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. The insurance available is up to a maximum of One lakh provided by India's Deposit Insurance and Credit Guarantee Corporation. The information provided herein is not directed or intended to be used by any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation within such jurisdiction or would subject the Bank or its affiliates to any licensing or registration requirements.

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