Latest NRE FD Rates Comparison
DCB Bank offers the highest NRE FD rates, up to 7.50% p.a., across 2 to < 3 years and 5 years and above tenors, last verified in October 2026.
NRE Term Deposits Interest Rates up to ₹1 Crore
Find the top banks' NRE FD rates for deposits up to 1 crore:
| Banks Name |
1 to < 2 years |
2 to < 3 years |
3 to < 5 years |
5 years and above |
| Ujjivan Small Finance Bank |
7.25% |
7.25% - 7.55% (Highest) |
7.20% - 7.80% (Highest) |
6.50% - 7.30% |
| DCB Bank |
6.90%-7.10% |
6.90%-7.50% |
7.00%-7.10% |
7.00%-7.50% |
| YES Bank |
6.65%-7.25% |
6.90%-7.00% |
7.00% |
6.75% |
| RBL Bank |
6.90%-7.00% |
7.00% |
7.00% |
6.70% |
| HDFC Bank |
6.25%-6.45% |
6.45% |
6.40%-6.50% |
6.15%-6.40% |
| Axis Bank |
6.25%-6.50% |
6.50% |
6.50% |
6.50% |
| ICICI Bank |
6.25%-6.30% |
6.30%-6.45% |
6.45%-6.50% |
6.50% |
| Canara Bank |
6.25%-6.60% |
6.25% |
6.25% |
6.25% |
| Kotak Mahindra Bank |
6.35%-6.55% |
6.65% |
6.40% |
6.25% |
| IndusInd Bank |
6.75%-6.90% |
7.00% |
6.65%-7.00% |
6.50%-6.65% |
| Dhanlaxmi Bank |
6.25%-7.10% |
6.25%-6.50% |
6.50%-7.25% |
6.50%-6.60% |
| Jammu & Kashmir Bank |
6.55%-6.65% |
6.70%-6.75% |
6.70% |
6.75% |
| Tamilnad Mercantile Bank |
6.60%-7.25% |
7.00% |
7.00% |
6.70% |
| Federal Bank |
6.25%-6.65% |
6.50%-6.55% |
6.50%-6.70% |
6.40% |
| City Union Bank |
6.50%-7.25% |
6.50% |
6.50%-6.55% |
6.25%-6.55% |
| Karur Vysya Bank |
6.55%-6.20% |
6.55% |
6.55% |
6.25%-6.55% |
| Indian Overseas Bank |
6.40%-6.60% |
6.40% |
6.10% |
6.10% |
NRE Fixed Deposit Interest Rates Comparison as of October 2026
Who Can Invest in NRE Deposits?
Here are the eligible persons who can invest in NRE Deposits:
- Non-Resident Indians (NRIs)
- Foreign Nationals with Indian Heritage (OCIs)
- Students Abroad
- Seafarers & Vessel Workers
- Diplomats
Comparison Between NRE Account and NRO Account
Here is the basic difference between NRE Accounts and NRO Accounts designed for :
| Feature |
NRE Account |
NRO Account |
| Main Use |
Park income earned outside India. |
Manage income earned inside India (rent, dividends, pension). |
| Tax in India |
100% Tax-Free: Zero income tax and zero TDS. |
Taxable: Subject to ~30% TDS (plus surcharge/cess). |
| Money Deposit Source |
Foreign currency transfers only. |
Both foreign currency and local Indian Rupees (INR). |
| Sending Money Abroad |
100% Repatriable: Transfer principal + interest abroad freely without limits. |
Restricted: Transfer up to $1 million USD per financial year after clearing taxes. |
| Joint Account |
With another NRI, or a resident relative on a "Former or Survivor" basis. |
With another NRI or any Resident Indian relative. |
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