SBI NRI FD Schemes
SBI currently offers the following NRI Fixed Deposit schemes:
- NRE Fixed Deposit (NRE FD): for repatriable foreign earnings
- NRO Fixed Deposit (NRO FD): for income earned in India
- FCNR (B) Fixed Deposit: Foreign Currency FD: for deposits in foreign currency
Difference Between NRE, NRO & FCNR (B) Accounts
SBI FD interest rates offer competitive returns across various schemes. Below is a comparison of the main features of these three SBI NRI FD accounts:
| Particulars |
NRE Account |
NRO Account |
FCNR (B) Account |
| Purpose |
Hold foreign income remitted to India |
Hold Indian earnings in INR |
Hold deposits in foreign currency |
| Account Type |
Savings, Current, Term, Recurring |
Savings, Current, Term, Recurring |
Term & Special Term Deposits |
| Currency |
INR |
INR |
USD, GBP, EUR, CAD, AUD, JPY |
| Repatriation |
Fully repatriable |
Repatriation subject to limits |
Fully repatriable |
| Tax on Interest |
Interest exempt from Indian tax |
Tax deducted at source (TDS) |
Interest exempt from Indian tax |
| Joint Holding |
With NRI/PIO/OCI or close relatives |
With NRI/PIO/OCI or resident relatives |
With NRI/PIO/OCI or close relatives |
| Interest & Principal |
Fully repatriable |
Principal & repatriable on certain conditions |
Fully repatriable in foreign currency |
SBI NRI Fixed Deposit Interest Rates 2025
Interest rates for NRI FDs vary based on the account type, tenure, and deposit amount. The SBI NRI fixed deposit interest rates:
SBI NRE Fixed Deposit Rates (Below & Above ₹3 Crore)
| Tenure |
Below ₹3 Crore (% p.a.) |
₹3 Crore & Above (% p.a.) |
| 1 yr to < 2 years |
6.25% |
6.25% |
| 444 days (Amrit Vrishti) |
6.60% |
— |
| 2 yrs to < 3 years |
6.45% |
6.15% |
| 3 yrs to < 5 years |
6.30% |
6.00% |
| 5 yrs to 10 years |
6.05% |
6.00% |
Note: Interest rates as of July 15, 2025. No interest is paid if withdrawn before 1 year.
SBI NRO Fixed Deposit Rates (Below & Above ₹3 Crore)
| Tenure |
Below ₹3 Crore (% p.a.) |
₹3 Crore & Above (% p.a.) |
| 7–14 days |
3.05% |
4.50% |
| 15–45 days |
3.05% |
5.00% |
| 46–179 days |
4.90% |
5.10% |
| 180–210 days |
5.65% |
5.60% |
| 211 days to < 1 year |
5.90% |
5.60% |
| 1 year to < 2 years |
6.25% |
6.25% |
| 444 days |
6.60% |
— |
| 2 years to < 3 years |
6.45% |
6.15% |
| 3 years to < 5 years |
6.30% |
6.00% |
| 5 years to 10 years |
6.05% |
6.00% |
Note: Interest rates as of July 15, 2025. No interest if the deposit is withdrawn within 7 days.
SBI FCNR (B) Fixed Deposit Rates (Foreign Currency)
| Tenure |
USD |
GBP |
EUR |
CAD |
AUD |
JPY |
| 1 year |
4.80% |
4.25% |
2.75% |
3.25% |
3.75% |
0.40% |
| >1 to <2 years |
4.80% |
4.25% |
2.75% |
3.25% |
3.75% |
0.40% |
| 2 to <3 years |
3.95% |
4.20% |
1.25% |
3.00% |
3.65% |
0.40% |
| 3 to <4 years |
3.75% |
3.25% |
1.25% |
2.75% |
3.55% |
0.40% |
Note: Interest rates as of October 15, 2025.
Eligibility to Open SBI NRI Fixed Deposit
The following categories are typically eligible to open an NRI FD account in SBI, and earn higher FD interest rates:
- NRIs (Non-Resident Indians residing abroad)
- PIOs (Persons of Indian Origin)
- OCIs (Overseas Citizens of India)
- Joint accounts with close resident relatives on “former or survivor” basis
- Accounts can be held individually or jointly with another NRI/PIO/OCI or relative as per RBI rules.
How to Apply for SBI NRI FD?
Online Process
Step 1: Visit the official SBI NRI Services portal or SBI online banking.
Step 2: Log in or create your NRI profile.
Step 3: Click on “Open NRI Account / Fixed Deposit.”
Step 4: Choose the account type (NRE, NRO, FCNR).
Step 5: Enter deposit amount, tenure, and required details.
Step 6: Upload KYC documents and proof of overseas address.
Step 7: Submit the application and fund the account through remittance or existing balance.
Offline Process
Step 1: Visit an SBI branch in India or overseas SBI centre.
Step 2: Ask for the NRI Fixed Deposit Account opening form.
Step 3: Fill in your details and attach KYC documents.
Step 4: Submit the application at the branch or send by courier.
Step 5: Fund the account through remittance or transfer.
Documents Required to Open SBI NRI FD
The following documents are generally required to open an SBI NRI FD account:
- Passport
- Overseas address proof
- Visa/OCI/PIO card
- Existing bank details
Benefits of SBI NRI Fixed Deposits
The benefits of NRI Fixed Deposits are:
- Safe and Secure Investments: Safe and secure investments with a trusted public sector bank.
- Competitive Interest Rates: Competitive fixed deposit interest rate for NRE, NRO, and FCNR accounts.
- Convenient Access: Easy access via online and offline channels.
- Repatriation Benefits: Repatriation benefits depending on account type.
- Loans Against Deposits: Option to avail loans against deposits.
- Tax Exemption on Interest Income: Interest income exempt from Indian tax for NRE & FCNR FDs.
- SBI Senior Citizen FD Interest Rates: In addition to the benefits of NRI FDs, SBI Senior Citizen FD interest rates offer higher returns, making them an attractive option for elderly investors.
- Ideal for Financial Planning: Suitable for financial planning, savings, or long-term goals.
Conclusion
SBI NRI Fixed Deposits are reliable and flexible investment options for NRIs, PIOs, and OCIs. Depending on where your income is earned and your financial goals, you can choose between NRE, NRO, and FCNR (B) accounts. Each account has its own features, FD interest rates benefits, and tax implications. With the right information and eligibility, you can confidently choose a suitable NRI FD and start investing through online or offline channels.
Invest 18k/month & get 2 Crore# Tax-Free*
Manage your funds online60k + happy customers across 25+ countries
Compare & Choose30+ Plans and 150+ Fund options
