Nre Fixed Deposit Rates
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Interest Rates for Resident Term Deposits (Less than Rs.200 lakhs)
- 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!
- NRE FD Interest Rates (as on 02 Mar 2021) - The NRE FD interest rates for below 1 crore and above 1 crore on Fixed deposit depend on which category for example 1 year, 2 year, 3 year. 5+ year, you fall under and your choice between different banks.
| Tenure of deposit | Rate of Interest effective from 01/11/2020 | |
|---|---|---|
| Normal Rate | Rate for Senior Citizens | |
| 7 days - 14 days | 4.50% | 5.00% |
| 15 days - 59 days | 5.00% | 5.50% |
| 60 days - 90 days | 5.75% | 6.25% |
| 91 days to 181 days | 6.00% | 6.50% |
| 182 days | 5.50% | 6.00% |
| 183 days to 363 days | 6.50% | 7.00% |
| 364 days | 5.75% | 6.25% |
| 365 days to 545 days | 6.50% | 7.00% |
| 546 days | 5.25% | 5.75% |
| 547 days to 727 days | 6.50% | 7.00% |
| 728 days | 5.50% | 6.00% |
| 729 days to 909 days | 6.25% | 6.50% |
| 910 days | 5.50% | 6.00% |
| 911 days to 1091 days | 6.25% | 6.75% |
| 1092 days | 5.50% | 6.00% |
| 1093 days to 1273 days | 6.00% | 6.50% |
| 1274 days | 5.50% | 6.00% |
| 1275 days -1455 days | 6.00% | 6.50% |
| 1456 days | 5.50% | 6.00% |
| 1457 days-1637 days | 6.00% | 6.50% |
| 1638 days | 5.50% | 6.00% |
| 1639 days-1819 days | 6.00% | 6.50% |
| 1820 days | 5.50% | 6.00% |
| 1821 days to 3653 days | 5.50% | 6.00% |
Notes:
HSBC India's NRE Term Deposit is a fixed term deposit held in Indian Rupees. You can place an NRE Term Deposit with your foreign currency earnings. The deposit is maintained in Indian Rupees. Therefore the money you deposit in foreign currency is converted into Indian Rupees, as per the prevailing foreign exchange rate 1.
- Interest rates as above are applicable for new Resident term deposits and renewal of existing Resident term deposits.
- Income Tax deduction at source from the interest paid on Resident term deposits will be made, wherever applicable, as per the Income Tax rules.
- The minimum tenor for Resident term deposits is 7 days.
- No interest would be payable for Resident term deposits prematurely withdrawn before completion of a period of 7 days from the date of deposit.
- Penalty for premature closure will be applicable for Resident term deposits, as per rules.
- The interest rate applicable on premature closure of Resident term deposits will be (a) or (b) below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank. - The above rates of interest are applicable for Resident Recurring Deposits also.
- Rates of interest are subject to revision periodically.
- For help, email to customercare@esafbank.com.
- Customers may please contact our Branches for details of interest rates for deposits of Rs 200 lakhs and above.
- Term Deposits
Whether you are saving for the short term or the long term, you can earn higher rates of interest with Term Deposits from Citibank. With options to earn simple or compounding interest and multiple tenures to choose from, Term Deposits are a great way to save for your future needs.
Check RatesApply Now
| Why Citi? | Non-Resident External Deposit (NRE) | Non-Resident Ordinary Deposit (NRO) | Foreign Currency Non-Resident (FCNR) |
|---|---|---|---|
Check RatesOpen NRE Deposit | Check RatesOpen NRO Deposit | Check RatesOpen FCNR Deposit | |
| Funds Transfer |
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| Interest Option | Option to choose between Simple Interest and compound interest. Simple interest is accrued monthly and paid quarterly to Rupee Checking Account. Compound Interest is accrued every 90 days and paid at maturity. Calculated on daily balances and paid quarterly | Option to choose between Simple Interest and compound interest. Simple interest is accrued monthly and paid quarterly to Rupee Checking Account. Compound Interest is accrued every 90 days and paid at maturity. Calculated on daily balances and paid quarterly | Interest is compounded every 180 days and paid upon maturity |
| Automatic Rollover | Automatic Roll over option available for convenience | Automatic Roll over option available for convenience | Automatic Roll over option available for convenience |
| Tenure | Minimum 365 days (1 year) Maximum 1825 days (5 years) | Minimum 7 days Maximum 1825 days (5 years) | Minimum 365 days (1 year) Maximum 1825 days (5 years) |
| Minimum Deposit Amount | INR 80,000 | INR 80,000 | USD 2000 or equivalent |
| Who can open an account | NRIs and PIOs | NRIs and PIOs | NRIs and PIOs |
| Who can be a joint holder | May be held jointly in the names of two or more NRIs/ PIOs or with a resident relative on 'former or survivor' basis as Power of Attorney holder. | May be held jointly in the names of two or more NRIs/ PIOs or with a resident relative on 'former or survivor' basis as Power of Attorney holder. | May be held jointly in the names of two or more NRIs/ PIOs or with a resident relative on 'former or survivor' basis as Power of Attorney holder. |
| Currency | Indian Rupees(INR) | Indian Rupees(INR) | US Dollar, British Pound, Euro, Japanese Yen, Australian Dollar, Canadian Dollar |
| Taxation |
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| Repatriation | Principal and interest are fully repatriable | RBI allows repatriation only for current income up to USD 1 (one) million per financial year (April-March), for any bonafide purpose after payment of applicable taxes. | Principal and interest are fully repatriable |
Nre Fixed Deposit Rates
Please Note:
Nre Fixed Deposit Rates Of Interest
- If you wish to open a new Citibank Term Deposit, you will also be required to open a Citibank NRI Savings Account. This is required to facilitate interest payout, mandate holders, and funding of the account.
- In case of pre-termination, the interest earned on a Term Deposit is calculated differently. Click here for an illustration
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