Jammu and Kashmir Bank Interest Rates on NRE FD Account Deposits
Jammu and Kashmir Bank provides higher NRE Fixed Deposit Interest Rates for various tenors, catering to your needs as investors. The rates amounting to less than ₹3 crore are as follows:
| Tenors |
Interest Rate (%p.a.) Below ₹3 Cr |
| 1 Year to 443 days |
7.00% |
| 444 days |
7.25% |
| 445 Days to less than 2 years |
7.00% |
| 2 years to 887 days |
7.00% |
| 888 days |
7.30% |
| 889 days to less than 3 years |
7.00% |
| 3 years to less than 5 years |
6.75% |
| 5 years to 10 years |
6.50% |
Note: Interest rates are effective May 2025. Jammu and Kashmir Bank NRE FD rates are subject to change without prior notice. The minimum tenor is 1 year.
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Fixed Deposits, Guaranteed Return Plans & Debt Mutual Fund
Guaranteed Return Plans, Fixed Deposits &
Debt Mutual Fund
Guaranteed Return Plans
Returns Before Tax
7.1% (TAX-FREE)
Fixed Deposits
Returns Before Tax
7% (TAXABLE)
Debt Mutual Fund
Returns Before Tax
8% (TAXABLE)
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*For annual premium upto ₹5 Lacs
The interest rates applicable to Jammu and Kashmir Bank NRE fixed deposits amounting to ₹3 crore to less than ₹5 crore are as follows:
| Tenors |
Interest Rate (%p.a.) ₹ 3 Cr to below ₹ 5Cr |
| 1 year to less than 2 years |
7.15% |
| 2 years to 887 days |
6.60% |
| 888 days |
7.40% |
| 889 days to less than 3 years |
6.60% |
Note: These are non-withadrawal interest rates, effective from May 2025. Jammu and Kashmir Bank NRE FD rates are subject to change without prior notice. The minimum tenor is 1 year.
The interest rates applicable to Jammu and Kashmir Bank single deposit NRE FDs amounting to above ₹1 crore to below ₹3 crore are as follows:
| Tenors |
Interest Rate (%p.a.) Single deposit above ₹ 1 Cr to below ₹ 3Cr |
| 444 days |
7.35% |
| 888 days |
7.40% |
Note: Interest rates are effective May 2025. Jammu and Kashmir Bank NRE FD rates are subject to change without prior notice.
The interest rates applicable to Jammu and Kashmir Bank NRE fixed deposits amounting to ₹ 5 crore to ₹ 300 crore and above are as follows:
| Tenors |
Interest Rate (p.a.) ₹ 5 Cr to ₹ 300 Cr and above |
| 91 Days - 120 Days |
6.35 |
| 121 Days - 180 Days |
6.60 |
| 181 Days - 270 Days |
6.70 |
| 271 Days < 1 Year |
6.80 |
| 1 Year < 18 months |
7.60 |
| 18 months < 3 Years |
6.75 |
| 3 Years |
6.75 |
Note: Interest rates are effective May 2025. Jammu and Kashmir Bank NRE FD rates are subject to change without prior notice.
Features of Jammu and Kashmir Bank NRE Fixed Deposits
Fixed Deposit is one of the best investment options for NRIs in India. Jammu and Kashmir Bank’s Term deposits (also known as Fixed Deposits) offer special benefits fulfilling the needs of many Non-Resident Indians. The features offered by Jammu and Kashmir Bank NRE FD are:
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Jammu and Kashmir Bank NRE FD allows you to receive the proceeds in your preferred currency.
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Jammu and Kashmir Bank’s NRE FD account provides interest payments quarterly with the option of reinvestment.
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The option to renew an NRE FD account is available at Jammu and Kashmir Bank.
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Interest earned on Jammu and Kashmir Bank’s NRE FDs is tax-free.
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Both the principal and interest on Jammu and Kashmir Bank NRE FDs are fully repatriable.
What Are the Eligibility Criteria for a Jammu and Kashmir Bank NRE FD Account?
The following conditions are to be fulfilled in order to open a Jammu and Kashmir Bank NRE FD account:
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The candidate must be a non-resident individual of Indian origin.
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The candidate must belong to the category of a foreign national or a foreign national student.
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A document to verify Indian and overseas addresses.
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Must have one copy of a valid passport.
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Proof to establish NRI, foreign national, foreign national student, PIO, or OCI status.
How to Open a Jammu and Kashmir Bank NRE FD Account
Existing Customers can fund their NRE FD account at Jammu and Kashmir Bank and get the best FD rates on NRE account by selecting any of the remittance options:
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Online Transfers:
Send money electronically through SWIFT or other bank transfer services from your overseas account.
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Bank Drafts:
Get a demand draft from your foreign bank.
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Personal Visit:
Bring foreign currency cash or traveler's checks when you visit India.
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Existing NRI/FCNR Funds:
Transfer money directly from your other NRE Savings/FD or FCNR accounts in India.
Documents Required to Open a Jammu and Kashmir Bank NRE Account
To open a Jammu and Kashmir Bank NRE account, the following general documents are to be submitted by you for the bank to review before opening your NRE account:
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Passport Photocopy:
Relevant pages showing name, address, DOB, issue/expiry details, photo, signature, and stay abroad stamp.
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Visa/Work Permit Photocopy:
Valid work permit or employment visa (renewal petitions accepted for expired visas).
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Proof of Indian Origin (if applicable):
For foreign passport holders.
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Attestation of Photocopies:
By Banker, Indian Embassy, Notary (or equivalent), or Self-Attestation.
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Applicant's Signature on Photocopies:
Full signature as "True Copies."
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Self-Attestation Supporting Document (if applicable):
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Last 6 months of bank statement/passbook (India/Abroad)
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Letter from existing banker (within last 3 months, India/Abroad)
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Cheque drawn on existing bank (India/Abroad)
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Original paid cheque from foreign bank
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Address Proof (First Applicant Only, if closely related):
Utility Bills, Driving License, Rent Receipt, Credit Card Bills, Residence Permit, Latest Original Overseas Bank Statement.
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Passport Photographs:
Signed on the front.
Conclusion
Jammu and Kashmir Bank NRE FD rates provide customers with the best investment methods to grow their savings in the most convenient way. Interest earned is exempt from tax deductions, and the maturity funds are easily repatriable. Knowing the Jammu and Kashmir Bank NRE FD rates is the first step to investing in this secure investment account so that you can align your investments according to your financial aspirations.
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