Nre Fixed Deposit Rates
Interest rates offered on NRE deposits The interest rates offered on a Non-Resident External deposit varies with the duration for which the deposit is opened. The rates offered by various banks can go up to 8% per annum or more. Benefits of NRE deposits. Rate of interest applicable for NRE term deposits of Senior Citizens is the same as above. The minimum tenor for NRE term deposits is 365 days. No interest would be payable for NRE term deposits prematurely withdrawn before completion of a period of 365 days from the date of deposit. Domestic /NRO/ NRE Fixed Deposit Rates (all in%) w.e.f. December 30th, 2020. Tenure 1 crore to less than 5 crores (Domestic /NRO/NRE deposits). Get fixed deposits at attractive interest rates at Axis Bank and ensure good returns on your investment. Click here to know more about fd interest rates so that you can choose the best suited fixed deposit for your needs. NRE (1Yr days NRE (2Yr.
- 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.
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| Why Citi? | Non-Resident External Deposit (NRE) | Non-Resident Ordinary Deposit (NRO) | Foreign Currency Non-Resident (FCNR) |
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Check RatesOpen NRE Deposit | Check RatesOpen NRO Deposit | Check RatesOpen FCNR Deposit | |
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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 |
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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 |
Please Note:
Bank Of Baroda Nre Fixed Deposit Rates
- 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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