NRE Deposit Accounts

NRE Saving Accounts - 4%

Tenure Board rates (Below INR 1.5 M)* INR 1.5 M - < 5 M INR 5 M - < 10 M
12 months* 2.82 2.82 2.82
Greater than 12 months to < 18 months 2.82 2.82 2.82
18 months to < 24 months 2.82 2.82 2.82
24 months 2.51 2.51 8.00
Greater than 24 months to < 36 months 2.51 2.51 8.00
36 months 2.64 2.64 8.00

* 366 days = 12 months for all term deposits made on or before February 29, 2004.

Note:

  • These interest rates are effective from January 02, 2012.
  • Interest on Savings Accounts is paid half yearly.
  • Interest rates are subject to change without any prior notice.
  • Cumulative interest rates will vary based on the actual deposit tenure. Cumulative interest indicated above is applicable for the tenure shown alongside the rate.
  • For NRE Term Deposits greater than or equal to INR 10 M and above, please contact your nearest Branch or Relationship Manager.

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