Equitas Small Finance Bank with 385 Branches and growing is offering NRI Banking with the Best in Class Interest Rates, Affordable Lockers and Convenient Access to Superlative Technology. We understand that the Home is where your Heart is, where your trust is and where everything is at its Best. So come explore the best of what we have to offer!
NRE Fixed Deposit
NRE Fixed Deposits earn tax free and high deposit rates in Indian Rupee for the funds earned abroad. Choose between quarterly interest compounding and quarterly interest payout options as per your requirement.
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Features And Benefits
NRE Fixed Deposit Interest Rate w.e.f. 1st March,2023 for amount less than Rs. 2 Crores
Non Resident Fixed Deposit Interest Rates
|Tenure||NRE Fixed Deposit Interest Rates|
|1 Year to 18 months||7.70%|
|18 months 1 day to 2 years||7.50%|
|2 years 1 day to 887 days||7.75%|
|889 days to 3 years||7.75%|
|3 Years 1 day to 4 Years||7.25%|
|4 Years 1 day to 5 Years||7.00%|
|5 Years 1 day to 10 Years||7.00%|
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.