Best NRE Fixed Deposits Rates In India – March 2012

With deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits in December 2011, banks have started offering very competitive interest rates for NRE fixed deposits. The icing on the cake is the principal and interest earned on NRE fixed deposits are tax free in India.

NRE Fixed Deposits Rates In India

The table below lists down some of the best NRE Fixed Deposits Rates Offered by banks:

Bank Tenure Interest Rate
Dhanlaxmi Bank 3 – 5 Years 10.10%
Karur Vysya Bank 1- 2 Years 10.00%
City Union Bank 1 – 3 Years 10.00%
Tamil Nadu Mercantile Bank 1- 2 Years 10.00%
Karnataka Bank 1- 2 Years 9.75%
Oriental Bank Of Commerce 1- 2 Years 9.75%
Dena Bank 1 Year 9.60%
State Bank of Travancore 1- 2 Years 9.50%
South Indian Bank 1- 2 Years 9.50%
Corporation Bank 1- 2 Years 9.50%
J&K Bank 2 – 5 Years 9.50%
Federal Bank 1 Year 9.50%
Indian Bank 1 – 3 Years 9.50%
Kotak Bank 1 Year 9.50%
IDBI Bank 1 – 10 Years 9.50%
Andhra Bank 1 Year 9.40%
Central Bank of India 1- 2 Years 9.25%
Vijaya Bank 1- 2 Years 9.25%
Bank of Baroda 1 – 3 Years 9.25%
ICICI Bank 390 Days / 590 Days / 790 Days / 990 Days 9.25%
HDFC Bank 1 Year 9.25%
State Bank of India 1 – 10 Years 9.25%
Indian Overseas Bank 1 – 5 years 9.25%
Axis Bank 1 – 3 Years 9.00%
Bank Of India 1 – 2 Years 9.00%

2 thoughts on “Best NRE Fixed Deposits Rates In India – March 2012

  1. thanku ..

    wat abt current rates in 2013 ….
    thanks in advance

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