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Non Resident External (NRE) Rupee Accounts

Rate of Interest on Term Deposit under Non Resident External (NRE) Rupee Accounts deposits up to Rs. 1 crore, w.e.f. 16/01/2018 :
Maturity Revised w.e.f. 16/01/2018 (% p.a.)
  Term Deposit of less than Rs. 1 Cr
1 Year - 3 Years 6.60
Above 3 Years - 5 Years 6.55
 

 

NOTE:

Interest Rates for Deposits of Rs 1 Crore and above are available on Bank’s Intranet site on daily basis.
 
Staff/ Ex-Staff/ Senior Citizens shall NOT BE given any additional benefit over and above the above noted interest rate in NRE term deposit.
 
For payment of interest and penalty on pre-mature withdrawal of term deposits, please refer HO RMD circular No. 357 dated 01.09.2017.
 
For interest on overdue period of FDRs, please refer HO P&D circular No. 3164 dated 06.04.2015. However, in case of closure, the interest on overdue period will be paid at applicable Saving Bank rate of interest.
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