recurring-deposit

NRE RECURRING DEPOSIT

Save in Rupees through regular monthly installments to reach a targeted sum on maturity. Enjoy higher interest rates and easy installment amount suitable to your requirement.

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NRE Recurring Deposit

  • Invest monthly installments* from Rs. 1,000/- 
  • Enjoy higher interest rate comparable to NRE FD
  • Flexi Tenures from 12 month (and in multiples of 3 months thereafter) to 120 months
  • Repatriate both principal and interest fully
  • Enjoy Tax exemptions on NRE Interest earned
  • Open RD in Joint names with another NRI or PIO
    *installment amount once fixed cannot be altered and partial payment of installment is not permitted.

Recurring Deposit for NRE (in INR) Rate for different tenure effective 15th OCT, 2022

NRE RD Rates
Tenure

Interest rates for amount less than Rs. 2 crore 

12 Months 7.10%
15 Months 7.10%
18 Months 7.10%
21 Months 6.95%
24 Months 6.95%
30 Months 7.40%
36 Months 7.40%
48 Months 6.75%
60 Months 6.75%
90 Months 6.75%
120 Months 6.75%
  • Please check all terms and conditions applicable on FD/RD for premature withdrawal
  • No Senior Citizen special interest rate applicable for NRE/NRO RD
  • Pre Closure of NRE RD before the completion of 12 months will not get interest payment.