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BOI NRE Term Deposit Account
BOI NRE Term Deposit Account is a fixed deposit account offered by the Bank of India specifically for Non-Resident Indians (NRIs). NRIs can invest their money for a fixed term at a predetermined interest rate. The deposit earns interest throughout the term, and the principal amount, along with the accrued interest, is returned at maturity.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.3%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)Get Guaranteed returns upto 7.3%*
Fully Tax-Free, Life Cover Included
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FD Interest Rates
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BOI FD Interest Rates
- BOI NRE Term Deposit Account
FD Interest Rates for NRE Rupee Term Deposits For Less Than Rs.3 Cr and For Rs.3 Cr & Above But Less Than Rs.10 Cr
| Maturity | For Deposits Of Less Than Rs.3 Cr. | For Deposits Of Rs.3 Cr & Above But Less Than Rs.10 Cr |
| Rate w.e.f 30.06.2024 | Rate w.e.f 01.04.2024 | |
| 1 Year | 6.80 | 7.25 |
| Above 1 Year to less than 2 Years (except 666 Days) | 6.80 | 6.75 |
| 666 days | 7.30 | 6.75 |
| 2 Years | 6.80 | 6.50 |
| Above 2 Years to less than 3 Years | 6.75 | 6.50 |
| 3 Years to less than 5 Years | 6.50 | 6.00 |
| 5 Years to less than 8 Years | 6.00 | 6.00 |
| 8 years & above to 10 Years | 6.00 | 6.00 |
Minimum Deposit Amount for above maturities and bucket is Rs.10,000/- except court orders/special deposit categories
FD Interest Rates for Deposits of Rs.10 Cr & Above
Please contact the nearest Branch for the rate of interest on deposits of Rs.10 cr & above
People also read: Bank Of India FD Interest Rates
Annualized Rates
Below are the annualised rates for:
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For deposits less than Rs.3 Cr
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For deposits of Rs.3 Cr & above but less than Rs.10 Cr
For Deposits Less Than Rs.3 Cr
| Maturity | Rate Of Interest % (P.A.) | Annualized Rate Of Return At Minimum Of The Maturity Bucket % |
| 1 Year | 6.80 | 6.98 |
| Above 1 Year to less than 2 Years (except 666 Days) | 6.80 | 6.98 |
| 666 Days | 7.30 | 7.50 |
| 2 Years | 6.80 | 7.22 |
| Above 2 Years to less than 3 Years | 6.75 | 7.16 |
| 3 Years to less than 5 Years | 6.50 | 7.11 |
| 5 Years to less than 8 Years | 6.00 | 6.94 |
| 8 years & above to 10 Years | 6.00 | 7.63 |
For Deposits Of Rs.3 Cr & Above But Less Than Rs.10 Cr
| Maturity | Rate Of Interest % (P.A.) | Annualized Rate Of Return At Minimum Of The Maturity Bucket % |
| 1 Year | 7.25 | 7.45 |
| Above 1 Year to less than 2 Years (except 666 Days) | 6.75 | 6.92 |
| 666 Days | 6.75 | 6.92 |
| 2 Years | 6.50 | 6.88 |
| Above 2 Years to less than 3 Years | 6.50 | 6.88 |
| 3 Years to less than 5 Years | 6.00 | 6.52 |
| 5 Years to less than 8 Years | 6.00 | 6.94 |
| 8 years & above to 10 Years | 6.00 | 7.63 |
For deposits of Rs.10 Cr & above
Please contact nearest Branch.
People also read: FD Interest Rates
Features of BOI NRE Term Deposit Account
Here are the features of BOI NRE Term Deposit Account:
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Repatriation: Freely Repatriable
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Currency of Deposit: Indian Rupees(INR)
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Deposit Period: 12 months to 120 months (10 years)
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Interest Rate: Rate as advised by Bank from time to time as per stipulated guidelines and will be displayed on the website
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Taxation: Exempt from Income Tax
FD interest rates India have fallen consistently over the last 12 years.
People also read: FD Calculator
Who Can Open An Account Under BOI NRE Term Deposit Account?
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Eligibility: NRIs (Non-Resident Indians)
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Individuals/entities of Bangladesh or Pakistan nationality/ownership require prior approval from RBI.
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Joint account: Permitted
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Nomination: Facility available
People also read: Which Bank is Best for Fixed Deposit
Premature Withdrawal
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Less than 12 months: No interest is payable, but there is no penalty.
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12 months and above:
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Deposits below Rs. 5 lakh: No penalty.
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Deposits of Rs. 5 lakh and above: Penalty of 1.00% if withdrawn prematurely.
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FD Calculator
Interest Earned
Maturity AmountFD Rates Articles
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##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.3% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in