Breaking News
Home > Banking Terms > Best Interest Rates On NRE Term/ Fixed Deposits In India

Best Interest Rates On NRE Term/ Fixed Deposits In India

Advertisement

After deregulation of NRE interest rates, banks have started offering attractive interest rates to attract customers. Earlier customers were more inclined towards NRO account due to high post tax returns as compare to NRE account. Now customers will not only get higher rate of interest in the NRE account but also the interest is tax free.

This change will benefit NRI customers with high interest rates on their NRE bank account. Lets have a list of banks offering best NRE interest rates.

forex

Advertisement

Best Interest Rates Of NRE Term Deposit

Bank

Tenure

Interest Rate

Karur Vysya Bank 1 Year to 2 Year 10.00%
City Union Bank 1 Year & upto 3 Years 10.00%
Tamil Nadu Mercantile Bank 1 Year to less than (<) 2 Years 10.00%
Karnataka Bank 1 Year to less than (<) 2 Years 9.75%
Oriental Bank Of Commerce 1 Year & Above But less then (<) 2 Years 9.75%
Dena Bank 1 Year 9.60%
State Bank of Travancore 1 Year to less than (<) 2 Years 9.50%
South Indian Bank 1 Year to 2 Years 9.50%
Corporation Bank 1 Year to less than (<) 2 Years 9.50%
IDBI Bank 1 Year 1 Day to 10 Years 9.50%
J&K Bank 2 Years to less than (<) 5 Years 9.50%
Federal Bank 1 Year 9.50%
Indian Bank 1 Year to less than (<) 3 Years 9.50%
Kotak Bank 1 Year to 389 Days 9.50%
IDBI Bank 1 Year 1 Day to 10 Years 9.50%
Andhra Bank 1 Year 9.40%
Central Bank of India 1 Year to less than (<) 2 Years 9.25%
Vijaya Bank 1 Year to less than (<) 2 Years 9.25%
Bank of Baroda 1 year to less than (<) 3 years 9.25%
ICICI Bank 390 Days / 590 Days / 790 Days / 990 Days 9.25%
HDFC Bank 1 Year 16 days 9.25%
State Bank of India 1 Year to 10 Years 9.25%
Indian Overseas Bank 1 Year to less than (<) 5 Years 9.25%
Axis Bank 1 Year to less than (<) 3 Years 9.00%
Bank Of India 1 Year to less than (<) 2 Years 9.00%

 

ALSO READ :

Advertisement

NRE Deposit News

Leave a Reply

Your email address will not be published. Required fields are marked *

*