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Nre Fixed Deposit Rates

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  1. Nre Fixed Deposit Rates Icici
  2. Nre Fixed Deposit Rates
  1. Best NRE Fixed Deposit Rates. An NRE Fixed Deposit is a term deposit wherein the NRI invests from a foreign country and currency to his Indian account and the currency will be converted into Indian rupees. Usually, an NRE term deposit is used to transfer foreign earnings or income and is completely tax-free.
  2. Get fixed deposits at attractive interest rates at Axis Bank and ensure good returns on your investment. Click here to know more about fd interest rates so that you can choose the best suited fixed deposit for your needs. NRE (1Yr days NRE (2Yr.

HSBC India's NRE Term Deposit is a fixed term deposit held in Indian Rupees. You can place an NRE Term Deposit with your foreign currency earnings. The deposit is maintained in Indian Rupees. Therefore the money you deposit in foreign currency is converted into Indian Rupees, as per the prevailing foreign exchange rate 1.

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Now you can earn a simple interest rate of 6% p.a. on a 5 year deposit.

Non Residents can choose from two types of Indian Rupee Fixed Deposits:
Nre Fixed Deposit Rates

NRE Fixed Deposit

  • - Can be opened jointly with Non Resident Indians and Persons of Indian Origin (PIOs)
  • - Principal along with interest are completely repatriable
  • - Interest income on balances of the NRE Fixed Deposit is exempt from income tax
  • - Tenor ranges from 1 to 5 years
  • - The deposit is automatically renewed on maturity in the absence of any other instruction

NRO Fixed Deposit

  • - Can be opened jointly with Resident Indians. Your family in India can be joint account holders.
  • - An ideal investment option for savings and income arising out of India.
  • - Tenor ranges from 7 days to 5 years.
  • - Interest on the deposit is credited every three months or at the time of maturity

Systematic Investment Plan (SIP)

Small investment today will go a long way to build wealth for tomorrow.

Invest in SIP today!

NRE Fixed Deposit rates

w.e.f. February 18, 2021

Tenure Interest Rate per annum (%)
1 Yr3.85
> 1 Yr - 1.5 Yrs4.00
> 1.5 Yrs - 2 Yrs4.25
> 2 Yrs - 3 Yrs4.50
> 3 Yrs - 4 Yrs5.00
> 4 Yrs - < 5 Yrs5.25
5 Yrs6.00
Deposit
  • Initial minimum fixed deposit size is Rs. 20,000.
  • Premature withdrawal:
    For Single Deposit of less than Rs. 2 crores
    • Less than 1 year : no interest
    • 1 year & above : In case of premature withdrawal of fixed deposits, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals
  • Interest rates are subject to change without prior notice.
  • These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
  • In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
  • The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year

NRO Fixed Deposit rates

w.e.f. February 18, 2021

Tenure Interest Rate per annum (%)
7 Days1.80
8 - 14 Days1.80
15 - 29 Days2.50
30 Days3.00
31 - 45 Days3.00
46 - 59 Days3.00
60 - 89 Days3.25
90 - 99 Days3.50
100 Days3.25
101 - 180 Days3.25
181 - 270 Days3.65
271 Days - 1 Yr3.85
> 1 Yr - 1.5 Yrs4.00
> 1.5 Yrs - 2 Yrs4.25
> 2 Yrs - 3 Yrs4.50
> 3 Yrs - 4 Yrs5.00
> 4 Yrs - < 5 Yrs5.25
5 Yrs6.00

Please note :

  • Interest Rate per annum (%).
  • Special interest rates quoted above are applicable for deposits of value less than Rs. 2 crores only.
  • No interest is payable for deposits withdrawn prematurely before 7 days.
  • Premature withdrawal
    In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking and for the period for which the deposit has run. This will be applicable for all deposits including renewals.
  • Minimum fixed deposit amount is Rs. 20,000.
  • Interest Rates are subject to change without prior notice.
  • The following interest payout options available for the customer
    • Monthly
    • Quarterly
    • Cumulative
  • These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
  • In case of monthly interest payout, interest shall be calculated for the quarter and paid monthly at a discounted rate in line with RBI directives.
  • In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
  • The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year.

Book Online

Now you can open your Fixed Deposit Account at your convenience through db OnlineBanking.

Types of Fixed Deposits that can be booked online:

  • Regular Fixed Deposit for resident / non-resident ordinary (NRO) accounts.
  • Regular Fixed Deposit for non-resident external (NRE) accounts.

Book your FD online in 2 minutes and 4 simple steps:

  • Log on to db OnlineBanking
  • Choose 'Book Fixed Deposit' online option
  • Specify amount, tenure and interest payout frequency
    - For booking deposits online, the initial minimum fixed deposit is INR 20,000 and maximum is INR 99.99 lakhs
    - Contact your branch for booking deposits of higher amounts
    - Payout frequency can be - Monthly, Quarterly or at Maturity for both NRO and NRE Deposits
  • Enter your transaction password and confirm

Your Fixed Deposit will be displayed in your account from the next working day. Your fixed deposit advice can be viewed and downloaded at a later stage from the service request query menu within online banking.

Double Taxation Avoidance Agreement

Double Taxation Avoidance Agreement (DTAA) is an Agreement entered by India with various countries. Under the current DTAA provisions, NRI customers will be entitled to lower withholding tax (TDS) subject to fulfillment of certain conditions.

With the DTAA benefit, you can now enjoy the benefit of concessional rate of Tax Deducted at Source (TDS) on the interest of your NRO Account or Fixed Deposit, providing you a higher yield as compared to the regular NRO Account or Fixed Deposit.

Nre Fixed Deposit Rates Icici

You can visit the nearest Deutsche Bank branch and submit the following documents to avail of this facility.

  • Tax Residency Certificate (TRC) for the period covering interest payable and confirming the ‘tax residency' of the payee.
  • Duly filled declaration advising the tax residency of the account holder.
  • PAN Card copy for all applicants.
  • Self attested copy of passport & visa.

Click here for format of declaration.

Please note:

  • The declaration should have details of all accounts where you are the primary applicant (NRO Savings Account & NRO Fixed deposits).
  • To avail of the facility for one complete financial year, you will have to provide the documents by 15th March of the previous year (Customers who have availed of the facility for one financial year will have to provide the documents again to avail of it in the next financial year as well).
  • If you do not submit your documents before 31st March, the DTAA benefit will not be applicable on the accounts for the next financial year (till such time that you submit the documents) and the tax rate will revert to the standard rate from 1st April.
  • If you provide the documents on any date during the financial year, the reduced tax rate will be applicable from that date.
  • Tax once deducted at 30% and remitted to tax authorities will in not be refunded on submitting documents subsequently.

More Fixed Deposit options

Resident Fixed Deposit

Get better returns on your deposit. Invest in Deutsche Bank Fixed Deposit. Know more

Apply for NRI Fixed Deposit

Call 18602666601#


#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.

Senior Citizen Fixed Deposit

Live carefree with special interest rate on selective tenures. Know more

Useful Information

Tax Saver Fixed Deposit

Invest in 5 year Tax Saver Fixed Deposit to earn higher interest and also save tax.

Know more

*Terms and conditions apply.
**The maximum petrol surcharge waiver per Domestic Gold Debit Cards in a calendar month will be restricted to Rs. 150.

^A minimum Average Quarterly Balance (AQB) of Rs. 200,000 in your account.
^^AUM includes a combination of Mutual Funds (excluding liquid MFs), Insurance, FDs and Savings Account Balance. A minimum Assets Under Management of Rs. 750,000 is required to be kept during a quarter.
#Terms and conditions apply. Subject to prevailing laws and regulations.

1This service is not available to citizens / residents of USA, Canada and any other country / jurisdiction which prohibits or restricts in any other manner, the sale and solicitation of Indian securities and any other financial products / services.

Deutsche Bank AG, Mumbai Branch ('Bank') of Deutsche Bank Aktiengesellschaft, a corporation duly organized and existing under the laws of Federal Republic of Germany is regulated in India by Reserve Bank of India. It offers NRI Accounts and related services under the Reserve Bank of India program for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programs, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India. NR deposits with the Bank in India are not insured by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. The insurance available is up to a maximum of One lakh provided by India's Deposit Insurance and Credit Guarantee Corporation. The information provided herein is not directed or intended to be used by any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation within such jurisdiction or would subject the Bank or its affiliates to any licensing or registration requirements.

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Rates
Nre

NRE Fixed Deposit

  • - Can be opened jointly with Non Resident Indians and Persons of Indian Origin (PIOs)
  • - Principal along with interest are completely repatriable
  • - Interest income on balances of the NRE Fixed Deposit is exempt from income tax
  • - Tenor ranges from 1 to 5 years
  • - The deposit is automatically renewed on maturity in the absence of any other instruction

NRO Fixed Deposit

  • - Can be opened jointly with Resident Indians. Your family in India can be joint account holders.
  • - An ideal investment option for savings and income arising out of India.
  • - Tenor ranges from 7 days to 5 years.
  • - Interest on the deposit is credited every three months or at the time of maturity

Systematic Investment Plan (SIP)

Small investment today will go a long way to build wealth for tomorrow.

Invest in SIP today!

NRE Fixed Deposit rates

w.e.f. February 18, 2021

Tenure Interest Rate per annum (%)
1 Yr3.85
> 1 Yr - 1.5 Yrs4.00
> 1.5 Yrs - 2 Yrs4.25
> 2 Yrs - 3 Yrs4.50
> 3 Yrs - 4 Yrs5.00
> 4 Yrs - < 5 Yrs5.25
5 Yrs6.00
  • Initial minimum fixed deposit size is Rs. 20,000.
  • Premature withdrawal:
    For Single Deposit of less than Rs. 2 crores
    • Less than 1 year : no interest
    • 1 year & above : In case of premature withdrawal of fixed deposits, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking for the period for which the deposit has run. This will be applicable for all deposits including renewals
  • Interest rates are subject to change without prior notice.
  • These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
  • In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
  • The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year

NRO Fixed Deposit rates

w.e.f. February 18, 2021

Tenure Interest Rate per annum (%)
7 Days1.80
8 - 14 Days1.80
15 - 29 Days2.50
30 Days3.00
31 - 45 Days3.00
46 - 59 Days3.00
60 - 89 Days3.25
90 - 99 Days3.50
100 Days3.25
101 - 180 Days3.25
181 - 270 Days3.65
271 Days - 1 Yr3.85
> 1 Yr - 1.5 Yrs4.00
> 1.5 Yrs - 2 Yrs4.25
> 2 Yrs - 3 Yrs4.50
> 3 Yrs - 4 Yrs5.00
> 4 Yrs - < 5 Yrs5.25
5 Yrs6.00

Please note :

  • Interest Rate per annum (%).
  • Special interest rates quoted above are applicable for deposits of value less than Rs. 2 crores only.
  • No interest is payable for deposits withdrawn prematurely before 7 days.
  • Premature withdrawal
    In case of premature withdrawal of fixed deposits on 7th day or thereafter, the interest rate will be 1.00% below the applicable interest rate for the deposit. The applicable interest rate will be the rate as on the date of booking and for the period for which the deposit has run. This will be applicable for all deposits including renewals.
  • Minimum fixed deposit amount is Rs. 20,000.
  • Interest Rates are subject to change without prior notice.
  • The following interest payout options available for the customer
    • Monthly
    • Quarterly
    • Cumulative
  • These interest rates will be applicable for new fixed deposits and renewal of existing fixed deposits booked from the effective date given above. These rates will not be applicable for existing deposits booked at earlier rates. As interest rates are subject to change without prior notice, depositor shall ascertain the rates on the value date of the fixed deposit and interest will be paid at the contracted rate irrespective of change in the fixed deposit rates thereafter.
  • In case of monthly interest payout, interest shall be calculated for the quarter and paid monthly at a discounted rate in line with RBI directives.
  • In case of deposits where interest is paid out at maturity (cumulative interest bearing deposits), interest is calculated and compounded every quarter, basis account opening date. This interest amount so calculated is added to the principal amount in your term deposit account at the end of every calendar quarter.
  • The Bank considers both a leap year (366 days) and a non-leap year (365 days) as 1 completed year for calculating the tenure of a fixed deposit. In case a customer books a fixed deposit for 1 year in a leap or a non-leap year, the interest applicable on this deposit will be for the tenure 1 year. Similarly if a customer books a fixed deposit for 2 years, which is spread over a leap year and a non-leap year, the interest applicable on this deposit will be for the tenure > 1.5 Yrs - 2 Yrs. This condition will be applicable for all tenures >=1 year spanning a leap year and a non-leap year.

Book Online

Now you can open your Fixed Deposit Account at your convenience through db OnlineBanking.

Types of Fixed Deposits that can be booked online:

  • Regular Fixed Deposit for resident / non-resident ordinary (NRO) accounts.
  • Regular Fixed Deposit for non-resident external (NRE) accounts.

Book your FD online in 2 minutes and 4 simple steps:

  • Log on to db OnlineBanking
  • Choose 'Book Fixed Deposit' online option
  • Specify amount, tenure and interest payout frequency
    - For booking deposits online, the initial minimum fixed deposit is INR 20,000 and maximum is INR 99.99 lakhs
    - Contact your branch for booking deposits of higher amounts
    - Payout frequency can be - Monthly, Quarterly or at Maturity for both NRO and NRE Deposits
  • Enter your transaction password and confirm

Your Fixed Deposit will be displayed in your account from the next working day. Your fixed deposit advice can be viewed and downloaded at a later stage from the service request query menu within online banking.

Double Taxation Avoidance Agreement

Double Taxation Avoidance Agreement (DTAA) is an Agreement entered by India with various countries. Under the current DTAA provisions, NRI customers will be entitled to lower withholding tax (TDS) subject to fulfillment of certain conditions.

With the DTAA benefit, you can now enjoy the benefit of concessional rate of Tax Deducted at Source (TDS) on the interest of your NRO Account or Fixed Deposit, providing you a higher yield as compared to the regular NRO Account or Fixed Deposit.

Nre Fixed Deposit Rates Icici

You can visit the nearest Deutsche Bank branch and submit the following documents to avail of this facility.

  • Tax Residency Certificate (TRC) for the period covering interest payable and confirming the ‘tax residency' of the payee.
  • Duly filled declaration advising the tax residency of the account holder.
  • PAN Card copy for all applicants.
  • Self attested copy of passport & visa.

Click here for format of declaration.

Please note:

  • The declaration should have details of all accounts where you are the primary applicant (NRO Savings Account & NRO Fixed deposits).
  • To avail of the facility for one complete financial year, you will have to provide the documents by 15th March of the previous year (Customers who have availed of the facility for one financial year will have to provide the documents again to avail of it in the next financial year as well).
  • If you do not submit your documents before 31st March, the DTAA benefit will not be applicable on the accounts for the next financial year (till such time that you submit the documents) and the tax rate will revert to the standard rate from 1st April.
  • If you provide the documents on any date during the financial year, the reduced tax rate will be applicable from that date.
  • Tax once deducted at 30% and remitted to tax authorities will in not be refunded on submitting documents subsequently.

More Fixed Deposit options

Resident Fixed Deposit

Get better returns on your deposit. Invest in Deutsche Bank Fixed Deposit. Know more

Apply for NRI Fixed Deposit

Call 18602666601#


#Customers outside India need to dial +91 22 6601 6601. Customers in Mumbai can also call at +91 22 6601 6601. Call charges apply.

Senior Citizen Fixed Deposit

Live carefree with special interest rate on selective tenures. Know more

Useful Information

Tax Saver Fixed Deposit

Invest in 5 year Tax Saver Fixed Deposit to earn higher interest and also save tax.

Know more

*Terms and conditions apply.
**The maximum petrol surcharge waiver per Domestic Gold Debit Cards in a calendar month will be restricted to Rs. 150.

^A minimum Average Quarterly Balance (AQB) of Rs. 200,000 in your account.
^^AUM includes a combination of Mutual Funds (excluding liquid MFs), Insurance, FDs and Savings Account Balance. A minimum Assets Under Management of Rs. 750,000 is required to be kept during a quarter.
#Terms and conditions apply. Subject to prevailing laws and regulations.

1This service is not available to citizens / residents of USA, Canada and any other country / jurisdiction which prohibits or restricts in any other manner, the sale and solicitation of Indian securities and any other financial products / services.

Deutsche Bank AG, Mumbai Branch ('Bank') of Deutsche Bank Aktiengesellschaft, a corporation duly organized and existing under the laws of Federal Republic of Germany is regulated in India by Reserve Bank of India. It offers NRI Accounts and related services under the Reserve Bank of India program for Non-Resident Indians and are governed by the rules in effect from time to time relating to such programs, are subject to the sovereign risk arising from, and governed by the laws of, or any changes to the laws of India. NR deposits with the Bank in India are not insured by any other insurance company or corporation outside India and are payable only at the branch of the Bank in India where the deposit is made. The insurance available is up to a maximum of One lakh provided by India's Deposit Insurance and Credit Guarantee Corporation. The information provided herein is not directed or intended to be used by any person or entity who is a citizen or resident of or located in any locality, state, country or other jurisdiction, where such distribution, publication, availability or use would be contrary to law, regulation within such jurisdiction or would subject the Bank or its affiliates to any licensing or registration requirements.

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Interest Rates for Resident Term Deposits (Less than Rs.200 lakhs)

Tenure of depositRate of Interest effective from 01/11/2020
Normal RateRate for Senior Citizens
7 days - 14 days4.50%5.00%
15 days - 59 days5.00%5.50%
60 days - 90 days5.75%6.25%
91 days to 181 days6.00%6.50%
182 days5.50%6.00%
183 days to 363 days6.50%7.00%
364 days5.75%6.25%
365 days to 545 days6.50%7.00%
546 days5.25%5.75%
547 days to 727 days6.50%7.00%
728 days5.50%6.00%
729 days to 909 days6.25%6.50%
910 days5.50%6.00%
911 days to 1091 days6.25%6.75%
1092 days5.50%6.00%
1093 days to 1273 days6.00%6.50%
1274 days5.50%6.00%
1275 days -1455 days6.00%6.50%
1456 days5.50%6.00%
1457 days-1637 days6.00%6.50%
1638 days5.50%6.00%
1639 days-1819 days6.00%6.50%
1820 days5.50%6.00%
1821 days to 3653 days5.50%6.00%

Notes:

Nre Fixed Deposit Rates

  • Interest rates as above are applicable for new Resident term deposits and renewal of existing Resident term deposits.
  • Income Tax deduction at source from the interest paid on Resident term deposits will be made, wherever applicable, as per the Income Tax rules.
  • The minimum tenor for Resident term deposits is 7 days.
  • No interest would be payable for Resident term deposits prematurely withdrawn before completion of a period of 7 days from the date of deposit.
  • Penalty for premature closure will be applicable for Resident term deposits, as per rules.
  • The interest rate applicable on premature closure of Resident term deposits will be (a) or (b) below, whichever is lower, subject to penalty for premature closure.
    (a) The rate of interest for the original/contracted tenor of the deposit
    (b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank.
  • The above rates of interest are applicable for Resident Recurring Deposits also.
  • Rates of interest are subject to revision periodically.
  • For help, email to customercare@esafbank.com.
  • Customers may please contact our Branches for details of interest rates for deposits of Rs 200 lakhs and above.




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