NRE Account Interest rate: You can open both single and joint accounts in NRE account. Banks are offering different interest rates on FD on this account. Let us know in which bank you are getting more benefits.
These banks are giving excellent returns to NRE account holders, check list here
Image Credit source: File Image
All banks in India often increase the interest rates on fixed deposits for their regular citizens and senior citizens. But have you ever heard that the interest rates have increased even on fixed deposits of NRE account. Yes, many banks are offering handsome returns on fixed deposits to their NRE account holders. So let us tell you which banks are paying how much interest.
Those who work outside the country but their account is in the country’s bank only, they are called NRE account holders. If he had a normal account in the country’s bank earlier, then after going abroad, he has to transfer his account to Non Resident External Account ie NRE.
read this also:
Where is getting how much interest?
Your deposited foreign currency money in NRE account gets converted into Indian Rupee. Meaning if you deposit money in a foreign currency in your NRE account, then the bank converts it into rupees. In this, you can open both single and joint accounts. Banks are offering different interest rates on FD on this account. Let us know in which bank you are getting more benefits.
- SBI is getting 7% interest – The country’s largest bank is giving 6.50-7.10% interest on fixed deposits of 1 to 10 years to its NRE account holders.
- HDFC Bank – HDFC Bank, the largest private sector bank, is currently offering 6.60-7.10% interest rate on fixed deposits of less than Rs 2 crore to its NRE account holders.
- ICICI Bank- If we talk about ICICI Bank, then it is offering 6.70-7.10% interest on fixed deposits of 1 to 10 years to its NRE account holders.
- PNB- PNB is offering its NRE account customers excellent returns of 6.30-7.25% on Fixed Deposits.
- Canara Bank – Canara Bank is paying 6.70-7.25% interest annually on 10-year fixed deposits to its NRE account customers.