NRE Term Deposit Interest Rates
Federal bank offers attractive returns to the money you invest as an NRE customer. Interest rates for the deposit are mentioned below.
Non-Resident accounts are not eligible for additional interest offered to senior citizens.
The Minimum tenor for earning the interest on NRE Fixed Deposit is 1 year.
Penalty of 1% for premature closure applicable for all NRE term deposits irrespective of amount, opened/renewed on or after 14.06.2018.
Interest rates for NRE Term Deposits effective from 10-01-2025 (Rates in % p.a)
| Period | Single Deposit Less than ₹300 Lakhs |
|---|---|
| 1 year | 7.00% |
| Above 1 year to 399 days | 7.25% |
| 400 days | 7.35% |
| 401 days to 443 days | 7.25% |
| 444 days | 7.50% |
| 445 days to less than 2 years | 7.25% |
| 2 years to 776 days | 7.15% |
| 777 days | 7.40% |
| 778 days to less than 3 years | 7.15% |
| 3 years to less than 50 months | 7.10% |
| 50 Months | 7.40% |
| Above 50 months to 5 years | 7.10% |
| Above 5 years | 6.60% |
Effective Annualized Rate of Return for NRE Term Deposit [Reinvestment - Cash Certificate Schemes] - Single deposits of less than ₹300 Lakhs
Effective Annualized Rate of Return for NRE Term Deposit [Reinvestment - Cash Certificate Schemes] - Single deposits of less than ₹300 Lakhs
| File name | Description | |
| HVD Web Interest 05.02.2025 | Interest rates for Resident & NRE Term Deposits of Rs.3 crore and above | (189.79) KB |
NRE Deposit Plus (Non-Callable - NRE TD without premature withdrawal)- effective from 16.12.2024
Minimum Amount: ₹1,00,00,001/-
Pre closure not allowed
Minimum Period: 12 Months
|
Period |
Rates of Interest (Deposit Less than ₹3 Cr) |
|
1 year to 443 days |
7.55% |
|
444 days |
7.65% |
|
445 days to 15 months |
7.55% |
|
Above 15 months to less than 5 years |
7.50% |
|
5 years |
6.85% |
Effective Annualized Rate of Return for Deposit Plus Reinvestment schemes - single deposits of less than ₹300 Lakhs-Deposit Plus (NR)
Effective Annualized Rate of Return for Deposit Plus Reinvestment schemes - single deposits of less than ₹300 Lakhs-Deposit Plus (NR)
| File name | Description | |
| HVD Web Interest 05.02.2025 | Interest rates for Resident & NRE Term Deposits of Rs.3 crore and above | (189.79) KB |
| File name | Description | |
| HVD-NW webinterest 05.02.2025 | Interest rates for Resident & NRE Term deposit (Non Withdrawable) of Rs 3 Crore and above | (148.3) KB |