The NRE deposit can be held for a maximum of 10 years.

We offer the most attractive interest rates on our deposits. Click here to know more.is

There is no chequebook or debit card issued with our NRE Fixed Deposits. However, we share an FD advice on your registered email ID, and the detailed Deposit advice can be viewed on your net banking and mobile banking app.

Yes, the funds held in your NRE Fixed Deposit are fully and freely repatriable (both principal and interest).

The minimum amount required for opening NRE Fixed Deposit is ₹1,000.

As per current guidelines, the principal amount as well as the interest earned on an NRE Fixed Deposit is tax-exempt in India.

The NRE deposit account can be funded through:
• Foreign Currency Remittances from overseas
• Funds from any other FCNR account or NRE FD account in any bank in India

You can add Non-Resident Indians/PIOs/ OCIs as Joint Account Holders. Resident Indians who are close relatives may be added as a second holder in the account on “Former or Survivor” basis. This would allow the second holder access to the account only post the demise of the NRI first holder.

Yes, premature withdrawal of Retail NRE Fixed Deposit is permissible. In case of premature closure of the Fixed Deposit, interest will be paid basis interest rate applicable at the time of booking the Term/Fixed deposit, for the corresponding period for which deposit has remained with the bank. Additionally, term/fixed deposit if prematurely closed, would be subject to ‘Premature Closure Penalty’ as prescribed by the Bank on the date of deposit. For details of the foreclosure, charges please click here.

Your NRE Fixed Deposit with the bank can get renewed automatically on maturity at prevailing rates if specific instructions for the same have been provided during FD booking. PAN should be updated on bank records in order renew the FD automatically on maturity.

You can access your NRE Fixed Deposit through Net Banking and Mobile Banking. Click here to log in to your Net Banking.

Yes, you can avail nomination facilities in your NRE Fixed Deposit. A nominee can be either a resident or non-resident as desired by the account holder.

NRE FD rates are computed using a fixed rate. You can choose between Simple or Compound Interest. For simple interest FD, you can get monthly or quarterly payout. In case of Compound Interest, interest on NRE deposits is compounded every quarter and paid on maturity.

If a Fixed Deposit matures and the proceeds are unpaid, the amount left unclaimed with the Bank will attract the rate of interest as applicable to Savings Accounts or the contracted rate of interest on the matured FD, whichever is lower.