NRE Rates

Tax Free Returns

Home > Rate Of Interest > NRE Rates

Revised Interest Rate on NRE Term Deposit w.e.f. 01st May 2022

Deposit of below Rs. 2 Crores:

Days/Years Inclusive Individuals
Upto 1 year Withdrawn as per RBI Suggestions
365 days to less than 24 months  5.10 % p.a.
Above 24 months to 36 months 5.50 % p.a.
Above 36 months to 60 months 5.75 % p.a.

Note: AV Deposit Scheme – 366 Days (Simple Interest) & Mangal Moorti Scheme – 24 months (Interest Payout): These Schemes will have interest rate payable as per 365 days to 24 months tenor slab only.

Deposit of Rs. 2 Crores and above:

Days/Years Inclusive Individuals
Upto 1 year Withdrawn as per RBI Suggestions
365 days to less than 24 months  4.75% p.a.
Above 24 months to 36 months 5.00% p.a.
Above 36 months to 60 months 5.00% p.a.

The current Interest rate on FCNR Term Deposit with effect from 01st May 2022

FCNR Deposits Rates :

Months/Years Currency
  USD GBP EUR JPY AUD
1 year to less than 2 years 2.15 % p.a. 0.50 % p.a. 0.10 % p.a. 0.10 % p.a.
0.50 % p.a.
2 Years to less than 3 Years 2.35 % p.a. 0.00 % p.a. 0.00 % p.a. 0.00% p.a.
0.00 % p.a.
3 Years to less than 4 Years 2.75 % p.a. 0.00 % p.a. 0.00 % p.a. 0.00 % p.a.
0.00 % p.a.
4 Years to less than 5 Years 3.00 % p.a. 0.00 % p.a. 0.00 % p.a.
0.00 % p.a. 0.00 % p.a.
5 Years only 3.20 % p.a. 0.00 % p.a.
0.00 % p.a.
0.00 % p.a. 0.00 % p.a

The current Interest rate on RFC Term Deposit with effect from 01st May 2022

RFC Deposits Rates :

Months/Years Currency
  USD
GBP EUR
1 Year 2.15 % p.a.
0.50 % p.a. 0.10 % p.a.
2 Years 2.35 % p.a.
0.00 % p.a. 0.00 % p.a.
3 Years 2.75 % p.a. 0.00 % p.a.
0.00 % p.a