What is RBL Bank NRE Fixed Deposit?
The RBL Bank NRE FD is a financial instrument through which Non-Resident Indians invest money for a predetermined time and grow that money by earning interest. Through NRE FDs, Non-Residents can easily manage their foreign-earned income in Indian rupees. The principal amount invested by the investor and the interest earned on it is completely repatriable, which allows for the transfer of their funds back to their home country when needed. The RBL Bank NRE FD is one of the highly prioritized investment choices for NRIs.
Rate of Interest on RBL Bank NRE FD Account Deposits
RBL Bank provides a variety of Fixed Deposit interest rates for NRE FDs across different time periods (tenors). The interest rates received on RBL Bank NRE fixed deposit accounts amounting to less than ₹3 crore are as follows:
| Tenors |
ROI (%) for amounts less than ₹3 crore |
| 365 days to 452 days (12 months to less than 15 months) |
7.70% |
| 453 days to 459 days (15 months to 16 months 14 days) |
7.70% |
| 500 days |
7.95% |
| 501 days to 545 days ( 16 months 16 days) to 36 months |
7.70% |
| 36 months 1 day to 60 months 1 day |
7.30% |
| 60 months 2 days to 120 months |
7.20% |
Note: These non-premature withdrawal NRE FD interest rates are effective from April 2025. RBL Bank NRE FD rates are subject to change without prior notice. ₹1 crore is the minimum deposit value for individuals, including sole proprietors, and for non-individuals, including HUFs, the value is ₹50 lakhs.
The interest rates received on RBL Bank NRE fixed deposit accounts amounting to ₹3 crore to more than ₹225 crore are as follows:
| Tenors |
Interest Rate (% per annum) |
| ₹3 crore to above ₹ 225 crore |
| 7 - 10 days |
5.25 |
| 11 - 14 days |
5.25 |
| 15 - 22 days |
5.25 |
| 23 - 30 days |
5.25 |
| 31 - 45 days |
6.00 |
| 46 - 60 days |
6.30 |
| 61 - 75 days |
6.80 |
| 76 - 90 days |
7.00 |
| 91 days to 120 days |
7.15 |
| 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 270 days |
7.25 |
| 271 days to 364 days |
7.35 |
| 365 - 452 days (12 months to less than 15 months) |
7.50 |
| 453 - 499 days (15 months to less than 16 months 14 days) |
7.50 |
| 500 days |
7.50 |
| 501 days to 545 days (16 months 16 days to less than 18 months) |
7.45 |
| 546 days to 24 months (18 months to 24 months) |
7.45 |
| 24 Months 1 Day to 36 Months |
7.45 |
| 36 Months 1 Day to 60 Months 1 Day |
7.20 |
| 60 Months 2 Days to less than 120 Months |
6.90 |
Note: These non-premature withdrawal NRE FD interest rates are effective from April 24, 2025. RBL Bank NRE FD rates are subject to change without prior notice.
What are the Advantages of an RBL Bank NRE FD Account?
The RBL Bank NRE FD account offers its customers various advantages, including:
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RBL NRE FD offers Interest payout choices include monthly, quarterly, or at maturity.
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RBL NRE FD is maintained in Indian rupees, saving the funds from foreign exchange rate fluctuations.
-
RBL NRE FD offers higher interest rates than those of a savings account.
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To meet diverse individual requirements, the RBL Bank offers flexible deposit periods spanning from 1 year to 10 years.
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Automatic renewal for the same tenure helps avoid repeated visits.
What Are the Eligibility Criteria for an RBL Bank NRE FD Account?
In order to invest in the RBL Bank NRE FD account, the following conditions must be fulfilled:
-
Non-Resident Indians
-
Overseas Citizen India (OCI)
-
Person of Indian Origin (PIO)
-
Seafarers working on International Vessels
-
Students studying abroad
How to Open RBL Bank NRE FD Account?
To open an account and get good RBL NRE FD rates, the following steps are to be followed:
For Existing RBL Bank Customers
Step 1:
Log in to the RBL Bank Retail Internet Banking portal with your established account login information.
Step 2:
Locate the "Fixed Deposit" section within the online banking interface.
Step 3:
Start the application process for an NRE Fixed Deposit.
Step 4:
Fill in the necessary details, including the NRE FD amount, tenor, and any other specific NRE FD requirements.
Step 5:
Finally, submit your application and verify the accuracy of the provided details; your NRE FD account will then be opened.
You can also opt for the mobile banking option through its safe and convenient platform ‘RBL MoBank’ to book your NRE FD. Follow the on-screen options, fill in the important details, and your NRE FD will be booked in no time.
Documents Required to Open RBL Bank NRE FD Account
The general documents to be submitted for opening an RBL Bank NRE FD account are:
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ID proof: Passport
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Address proof (India & overseas)
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Proof of Tax
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Proof of NRI, foreign national, foreign national student, PIO or OCI status
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PAN/Form 60
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FATCA Information
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Overseas work/residence proof (visa/permit)
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Passport-size photograph
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Any other document required by the bank
Conclusion
One of the easiest ways for NRIs to judiciously invest and grow their earnings from abroad is by investing in an RBL Bank NRE FD account. RBL Bank NRE FD rates ensure guaranteed financial growth on investments by NRIs. Keeping yourself up to date with RBL Bank NRE FD rates lets you analyze and compare the rates to get the best interest on your FD investments.
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