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Interest on NRE Term Deposits

Interest on NRE Term Deposits (w.e.f. June 20, 2024)

Slab Rate of Interest
1 Year to less than 5 Years 7.15%
5 Years and upto 10 Years 7.10%
Special category
12 Months 7.50%
400 Days 7.55%
600 Days 7.40%
900 Days 7.30%

Note:

Premature closure charge is applicable at penal rate of 1% for any deposit.

NRE deposits should remain for a minimum period of 1 year in order to earn interest.

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