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NRE Term
Deposit Rates

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Rate of interest on NRE /NRO and FCNR Deposits

Revised Interest Rate w.e.f. August 28, 2024.

Period NRE / NRO
MIP / FDR / RD /QIRP
12 months – 13 months 7.50%
14 months – 24 months 7.15%
25 months – 36 months 7.10%
Above 3 years – upto 5 years 6.75%
Above 5 years – upto 7 years 7.00%
Above 7 years – upto 10 years 7.00%

FCNR Deposit rates applicable for 01.12.2024 to 31.12.2024 are as follows

Above 1 year to less than 2 years Above 2 years to less than 3 years Above 3 years to less than 5 years
USD 5.80% 5.00% 4.50%
GBP 4.50 % - -
EUR 2.50% - -

Minimum amount accepted for FCNR deposit are as follows:

USD : USD 1000

GBP : GBP 1000

All the above deposits are accepted in multiple of foreign currency of 500.

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