NRE Fixed Deposit Interest Rate w.e.f. 21st August,2023 for amount less than Rs. 2 Crores

Non Resident Fixed Deposit Interest Rates

Tenure	NRE Fixed Deposit Interest Rates
1 Year (365 days)	8.20%
1 Year 1 day	8.00%
1 Year 2 days to 443 days	8.20%
444 days	8.50%
445 days to 18 months	8.20
18 months 1 day to 2 years	7.75%
2 years 1 day to 887 days	8.00%
888 days	8.25%
889 days to 3 years	8.00%
3 Years 1 day to 4 Years	7.50%
4 Years 1 day to 5 Years	7.25%
5 Years 1 day to 10 Years	7.25%

Minimum period of the NRE Fixed Deposits is 1 year. No Interest would be paid if the deposit is pre-closed before the completion of the first 12 months.

There would be No Pre-closure Penalty for NRE Fixed Deposits and a Pre-closure penalty of 1% apply on the NRO Fixed Deposits when Pre-closed before the completion of 6 months from the Date of Booking of the Deposit.

No Senior Citizen Special Rates available for NRE and NRO FDs

31.2% TDS applicable (Inclusive of surcharge 4%) on the NRO interest accrued.

The above rates apply to Retail Term Deposits of Value below Rs.2 Crores. For Fixed Deposit of Value Rs.2 Crores and above, Bulk Deposit Rates apply. Please contact the nearest Equitas Small Finance Bank branch for the Bulk Deposit Rate.

For monthly payout Fixed Deposits, the interest rate will be discounted on the quarterly compounding rate.

Interest rates are subject to change and please refer for updated rates in the Bank’s Website.