What is an IndusInd Bank NRE Fixed Deposit?
The IndusInd Bank NRE FD is a Fixed Deposit facility offered by the IndusInd Bank, especially 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 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.
Rate of Interest on IndusInd Bank Non-Resident External (NRE) FD Account Deposits
The fixed deposit interest rates received on IndusInd Bank NRE fixed deposit accounts, amounting to more than ₹1 crore to less than 3 crores and ₹3 crore to less than 5 crores, are as follows:
| Period |
Rate of interest (%p.a) |
| 7 days to 14 days |
4.90 |
| 15 days to 30 days |
5.00 |
| 31 days to 45 days |
5.60 |
| 46 days to 60 days |
6.00 |
| 61 days to 90 days |
6.50 |
| 91 days to 120 days |
7.00 |
| 121 days to 180 days |
7.10 |
| 181 days to 210 days |
7.25 |
| 211 days to 269 days |
7.35 |
| 270 days to 354 days |
7.45 |
| 355 days to 364 days |
7.50 |
| 1 Year to below 1 Year 5 months |
7.75 |
| 1 Year 5 Months to below 1 Year 6 Months |
7.75 |
| 1 Year 6 Months to below 1 Year 7 Months |
7.75 |
| 1 Year 7 Months up to 2 Years |
7.75 |
| Above 2 Years up to 2 Years 1 Month |
7.30 |
| Above 2 years 1 month to below 2 years 6 Months |
7.30 |
| 2 years 6 Months to below 2 years 9 Months |
7.30 |
| 2 years 9 Months up to 3 years 3 months |
7.30 |
| Above 3 years 3 months to below 61 months |
7.20 |
| 61 months and above |
7.10 |
| Indus Tax Saver Scheme (5 years) |
NA |
Note: *These are non-callible interest rates. Interest rates for amounts 1 crore to less than 3 crores are effective from February 24, 2025. The interest rates for amounts 3 crores to less than 5 crores are effective from November 26, 2024. IndusInd Bank NRE FD rates are subject to change without prior notice. The minimum tenor is 1 year.
Fixed Deposit Interest Rate Greater Than or Equal to 5 Crore
The interest rates received on IndusInd Bank NRE fixed deposit accounts with and without premature withdrawal amounting to more than equal to and more than 5 crores are as follows:
| Period |
Rate of interest 5 Crs to above 100.00 Cr (% p.a.) Non-Callable |
| 7 days to 14 days |
6 |
| 15 days to 30 days |
6.15 |
| 31 days to 45 days |
6.45 |
| 46 days to 60 days |
6.6 |
| 61 days to 90 days |
6.9 |
| 91 days to 120 days |
7.1 |
| 121 days to 150 days |
7.25 |
| 151 days to 180 days |
7.25 |
| 181 days to 210 days |
7.25 |
| 211 days to 240 days |
7.25 |
| 241 days to 269 days |
7.25 |
| 270 days to 330 days |
7.35 |
| 331 days to 343 days |
7.35 |
| 344 days to 354 days |
7.35 |
| 355 days to 364 days |
7.35 |
| 365 days to below 1 Year 3 months |
7.45 |
| 1 Year 3 months to below 1 Year 4 months |
7.5 |
| 1 Year 4 months to below 1 Year 6 months |
7.45 |
| 1 Year 6 Months up to 2 Years |
7.45 |
| Above 2 Years to below 2 Years 6 Months |
7.45 |
| 2 years 6 Months below 2 years 7 |
7.45 |
| 2 years 7 months to 3 years 3 months |
7.45 |
| Above 3 years 3 months to below 61 months |
7.1 |
| 61 months and above up to 10 years |
6.85 |
Note: *These are non-callible interest rates, effective from April 28, 2025. IndusInd Bank NRE FD rates are subject to change without prior notice.
Why Choose an IndusInd Bank NRE FD Account?
The IndusInd Bank NRE FD account offers its customers various benefits, including:
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IndusInd Bank NRE FDs provide interest rates that are more attractive than those of a regular savings account.
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The account offers tax benefits on interest earned over time.
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Facility of full repatriation of both the principal and earned interest, so the account holder can transfer their money completely any time they want.
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The currency in which funds are maintained is Indian rupees.
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Interest earned on NRE deposits is compounded quarterly.
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To meet diverse individual requirements, the bank offers flexible deposit periods spanning from 1 year to 10 years.
What are the Eligibility Criteria for an IndusInd Bank NRE FD Account?
In order to invest in the IndusInd Bank NRE FD account, the following conditions must be fulfilled:
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The customer must fall under one of the following categories: NRI, PIO, OCI, Indian seafarer, Indian government employees with a diplomat’s passport, or student studying abroad.
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Must have valid ID including Indian passport and PIO card.
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Required to show authentic overseas address proof.
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Must present valid proof, including a student visa or employment visa.
Documents Required to Open IndusInd NRE FD Account
The general documents required for opening an IndusInd Bank NRE FD account are:
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Documents to be submitted by NRIs
At the time of submitting an application to open an NRE FD account at IndusInd Bank, the following duly signed documents are to be submitted:
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Documents to be submitted by OCIs/PIOs
While submitting an application to open an NRE FD account at IndusInd Bank, the following duly signed documents are required:
-
Documents to be Submitted by Students
Students, while submitting an application to open an NRE FD account at IndusInd Bank, have to attach the following duly signed documents:
-
Documents for Seafarers
Seafarers, while submitting an application to open an NRE FD account at IndusInd Bank, should have the following duly signed documents:
Conclusion
A secure way for NRIs to invest their money and grow it is through an NRE FD account. IndusInd Bank NRE FD rates are high and ahead of its competitors. With complete information on NRE FD interest rates, you can invest and grow your savings rapidly.
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