Is Indian Bank secured for NRE FD?

Indeed! The Indian Bank offers one of the safest banking experiences to you. It is secured for NRE FDs.

Are NRE FD Funds in Indian Bank Repatriable?

Yes, the NRE FD funds at Indian Bank are fully repatriable, which means they can be transferred back to the home country without any hassle.

Is NRE FD a good investment in Indian Bank?

If you are looking for a secured investment option with higher guaranteed results, the Indian Bank’s NRE FD is the best investment option for you.

What are NRE FD rates at Indian Bank?

NRE FD rates range from 6.10% to 7.41% in Indian Bank.

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Indian Bank NRE FD Rates

Indian Bank NRE FD rates range from 6.10% to 7.10%, providing you with higher returns on your investments. As the tenures range from 1 year to 5 years and above, the Indian Bank NRE FD provides you with a varied range of choices to invest as per your financial goals and reap the benefits. The interest earned on NRE FDs is exempt from tax deductions and the maturity funds are fully repatriable.

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Rate of Interest on Indian Bank NRE FD Account Deposits

The Indian Bank provides a variety of Fixed Deposit interest rates for NRE FDs across different time periods (tenors). The interest rates received on the Indian Bank NRE fixed deposit accounts amounting to less than ₹3 crore to ₹5 crores are as follows:

Tenors	Interest rate (% p.a) Less than ₹3Cr	Interest rate (% p.a) ₹3Cr to ₹5 Cr
1 year	6.10	6.75
Above 1 year and less than 2 year	7.10	6.50
2 year to less than 3 year	6.70	6.25
3 year to less than 5 year	6.25	6.00
5 year	6.25	6.00
Above 5 year	6.10	6.00

Note: These non-premature withdrawal NRE FD interest rates are effective from March 2025. Indian Bank NRE FD rates are subject to change without prior notice. Minimum tenor is 1 year. Please contact nearest Indian Bank Branch for deposits above Rs. 5 Crore

What are the Features of the Indian Bank NRE FD Account?

Fixed Deposits is one of the best investment options for NRIs who are willing to grow their money in their homeland. The Indian Bank NRE FD account offers its customers various features, including:

The Indian Bank NRE FD is maintained in Indian rupees, saving the funds from foreign exchange rate fluctuations.
Interest earned on Indian Bank NRE FDs is exempt from tax deductions.
The principal amount and the interest earned are fully repatriable, leading to a hassle-free fund transfer back to the foreign account.
The Indian Bank offers a joint account facility with another NRI and a resident of India. The joint account with the Indian resident can be opened on a former or survivor basis.
The Indian Bank NRE FD account offers nomination facility.

What Are the Eligibility Criteria for the Indian Bank NRE FD Account?

The following conditions are to be fulfilled in order to open the Indian Bank NRE FD account:

The candidate must be a non-resident individual of Indian origin.
The candidate must belong to the category of a foreign national or a foreign national student.
A document to verify Indian and overseas addresses.
Must have one copy of a valid passport.
Proof to establish NRI, foreign national, foreign national student, PIO, or OCI status.

How to Open an Indian Bank NRE FD Account?

Existing or new customers who have qualified for NRI eligibility can open an NRE account with the Indian Bank by filling account opening forms first, and then open an NRE FD account. Applicants are requested to follow the bank's instructions to open an NRE FD account with the bank.

Documents Required to Open the Indian Bank NRE FD Account

The general documents to be submitted for opening the Indian Bank NRE FD account are:

ID proof: Passport
Address proof (India & overseas)
Proof of Tax
Proof of NRI, foreign national, foreign national student, PIO or OCI status
PAN/Form 60
FATCA Information
Overseas work/residence proof (visa/permit)
Passport-size photograph
Any other document required by the bank

Conclusion

The Indian Bank NRE FD rates offered for NRIs are much higher than the interest rates offered by savings accounts. These earnings are exempt from tax deductions. The Indian Bank NRE FD is one of the best ways to make a secure and guaranteed return on investment. With complete information on the Indian Bank NRE FD interest rates, you can invest and grow your savings rapidly.

FAQs

Is Indian Bank secured for NRE FD?

Indeed! The Indian Bank offers one of the safest banking experiences to you. It is secured for NRE FDs.
Are NRE FD Funds in Indian Bank Repatriable?

Yes, the NRE FD funds at Indian Bank are fully repatriable, which means they can be transferred back to the home country without any hassle.
Is NRE FD a good investment in Indian Bank?

If you are looking for a secured investment option with higher guaranteed results, the Indian Bank’s NRE FD is the best investment option for you.
What are NRE FD rates at Indian Bank?

NRE FD rates range from 6.10% to 7.41% in Indian Bank.

˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*Past 10 Year annualised returns as on 01-06-2025
*All savings plans are provided by the insurer as per the IRDAI approved insurance plan. Tax benefit is subject to changes in tax laws. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 2 Cr. is for a 30 year old healthy individual investing Rs 18,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: 1,06,79,507 @ CAGR 4%; 2,12,15,817 @ CAGR 8%. All plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years' fund performance data (Fund Data Source: Value Research).