What is a DCB Bank NRE Fixed Deposit?
The DCB Bank NRE FD is a Fixed Deposit facility offered by the DCB Bank, designed for Non-Resident Indians (NRIs) to invest their foreign earnings in safe investment options and earn interest on them. The interest earned on the Fixed Deposit is exempt from tax, and the FD funds are fully repatriable, ensuring that the amount in an NRE FD can be transferred back to the investor’s home country account without any hassle. DCB Bank NRE FD ensures easy investment by NRIs, resulting in secured financial growth.
Rate of Interest on DCB Bank Non-Resident External (NRE) FD Account Deposits
The interest rates received on DCB Bank NRE Fixed Deposit accounts amounting to above 1 crore to less than ₹3 crore are as follows:
| Tenors |
ROI (%) for amounts above 1 crore to less than ₹3 crore |
| 12 months |
7.35% |
| More than 12 months to 12 months 10 days |
7.75% |
| 12 months 11 days to less than 15 months |
7.40% |
| 15 months to less than 16 months |
8.15% |
| 16 months to 17 months |
7.40% |
| 17 months 1 day to 18 months 5 days |
7.35% |
| 18 months 6 days to less than 700 days |
7.65% |
| 700 days to less than 37 months |
7.75% |
| 37 months to 38 months |
7.75% |
| More than 38 months to 60 months |
7.65% |
Note: These are non-callable interest rates, effective from April 2025. DCB Bank NRE FD rates are subject to change without prior notice.
The interest rates received on DCB Bank NRE fixed deposit accounts amounting to ₹3 crore to less than ₹5 crore are as follows:
| Tenors |
ROI (%) for amounts ₹ 3 Crore to less than ₹ 5 Crore |
| 7 days to 90 days |
- |
| 91 days to 119 days |
6.85% |
| 120 days |
6.85% |
| 121 days to less than 6 months |
6.95% |
| 6 months to less than 7 months |
6.95% |
| 7 months to less than 9 months |
7.05% |
| 9 months to less than 12 months |
7.15% |
| 12 months |
7.15% |
| More than 12 months to less than 15 months |
7.15% |
| 15 months to less than 18 months |
7.15% |
| 18 months to less than 24 months |
7.15% |
| 24 months |
7.15% |
| More than 24 months to 36 months |
7.15% |
| More than 36 months to 60 Months |
6.65% |
| More than 60 months to 120 Months |
- |
Note: These are non-callable interest rates, effective from June 2024. DCB Bank NRE FD rates are subject to change without prior notice.
The interest rates received on DCB Bank NRE fixed deposit accounts amounting to ₹5 crore to ₹100 crore are as follows:
| Tenors |
ROI (%) for amounts ₹ 3 Crore to ₹ 100 Crore |
| 7 days to 14 days |
- |
| 15 days to 30 days |
- |
| 31 days to 45 days |
- |
| 46 days to 89 days |
- |
| 61 days to 89 days |
- |
| 90 days |
- |
| 91 days to 119 days |
7.55% |
| 120 days |
7.70% |
| 121 days to less than 9 months |
7.70% |
| 9 months to less than 12 months |
7.80% |
| 12 Months |
8.05% |
| 12 months 1 day to less than 15 months |
8.05% |
| 15 months to less than 16 months |
7.65% |
| 16 months to 36 months |
7.65% |
| 36 months 1 day to 60 months |
7.60% |
| More than 60 months to 120 Months |
- |
Note: These are non-callible interest rates, effective from April 2025. DCB Bank NRE FD rates are subject to change without prior notice.
The interest rates received on DCB Bank NRE fixed deposit accounts amounting to above₹100 crore are as follows:
| Tenors |
ROI (%) for amounts ₹ 3 Crore to ₹ 100 Crore |
| 7 days to 90 days |
- |
| 91 days to 119 days |
7.50% |
| 120 days |
7.50% |
| 121 days to less than 6 months |
7.50% |
| 6 months to less than 7 months |
7.65% |
| 7 months to less than 9 months |
7.65% |
| 9 months to less than 12 months |
7.65% |
| 12 months |
6.65% |
| More than 12 months to less than 15 months |
6.65% |
| 15 months to less than 18 months |
6.65% |
| 18 months to less than 24 months |
6.65% |
| 24 months |
6.65% |
| More than 24 months to 36 months |
7.90% |
| More than 36 months to 60 Months |
7.90% |
| More than 60 months to 120 Months |
- |
Note: These are non-callable interest rates, effective from February 2024. DCB Bank NRE FD rates are subject to change without prior notice.
Why Choose a DCB Bank NRE FD Account?
The DCB Bank NRE FD account offers its customers various benefits, including:
-
DCB Bank NRE FDs are held in Indian Rupees, thus shielding your funds from foreign exchange rate volatility.
-
DCB Bank recognizes varied individual needs, the bank provides flexible deposit tenures ranging from 1 to 10 years.
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At DCB, you have the option to select your preferred interest payout frequency: monthly or quarterly or at maturity.
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DCB Bank NRE FDs offer tax advantages on the interest accrued.
-
Customers can avail loan or overdraft facilities of up to 80%.
What Are the Eligibility Criteria for a DCB Bank NRE FD Account?
If your resident status belongs to any of the following categories and you have an active NRI account (NRE/NRO), you are eligible to open an NRE FD account with DCB Bank.
How to Open a DCB Bank NRE FD Account?
For Existing DCB Bank Customers
To open an NRE FD account at DCB Bank, the following steps are to be followed:
Step 1: Visit DCB Bank's official website.
Step 2: Go to DCB Deposits, followed by DCB NRE Fixed Deposit.
Step 3: Click Apply Now.
Step 4: Click I am an NRI customer.
Step 5: Click the button ‘Click here to begin’.
Step 6: Click on New Relationship (if you are visiting for the first time), then continue by clicking the button ‘Click here to begin’.
Step 7: Fill out the form by entering your details under the headings: Introduction, Account Details, Personal Details, Address Details, Employment Details, and submit the form.
Step 8: DCB Bank’s service manager will call and assist you further.
Documents Required to Open DCB Bank NRE FD Account
The general documents required for opening a DCB Bank NRE FD account are:
-
Documents to be Submitted by NRIs
At the time of submitting an application to open an NRE FD account at DCB Bank, the following documents are to be submitted:
-
AOF, CIDD, and FATCA
-
Passport copy (showing your photo and address)
-
PAN card or Form 60
-
Your valid Visa (with an English translation if needed)
-
If your passport address isn't current, any other OVD.
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If you want mail sent to a different address abroad (than on your passport/OVD), any other proof of that address or a customer declaration if you used Aadhaar eKYC (staff will note the eKYC number on the AOF).
-
Documents to be Submitted by OCIs/PIOs
While submitting an application to open an NRE FD account at DCB Bank, the following documents are required:
-
AOF, CIDD, and FATCA
-
Passport copy (details and address pages)
-
PAN or Form 60
-
OCI, PIO Card, or other proof of Indian origin
-
If the passport address is outdated, provide another accepted OVD
-
For a different overseas mailing address (than passport/OVD), provide alternate proof or a customer declaration with Aadhaar eKYC reference (staff to note on AOF)
-
Documents for Seafarers
When submitting an application to open an NRE FD account at DCB Bank, the following documents are required:
-
AOF, CIDD, and FATCA
-
Passport copy (photo and address pages)
-
PAN or Form 60
-
Valid Mariner's Visa (with translation if not in English) OR CDC booklet with valid contract/employer confirmation OR CDC booklet with disembarkation stamps less than 6 months old.
-
If the passport address is outdated, provide another accepted OVD.
-
For a different overseas mailing address (than passport/OVD), provide alternate proof or a customer declaration with Aadhaar eKYC reference (staff to note on AOF).
Note: For Aadhaar eKYC, the address received from UIDAI will be recorded as the India address on the AOF. A complete list of accepted address proof, documents for mailing address, documents for Proof of Indian Origin for PIO/OCI, Mandatory Attestation is given on DCB Bank’s website.
Conclusion
The DCB Bank NRE FD rates offered for NRIs are much higher than the interest rates offered by savings accounts. One of the easiest and sure-shot ways for NRIs to judiciously invest and grow their earnings from abroad is by investing in a DCB Bank NRE FD. You can manage your funds in India without much hassle. With complete information on DCB Bank NRE FD interest rates, you can invest and grow your savings rapidly.
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