NRE Fixed Deposit Account
Invest your overseas income in our NRE Fixed Deposit and enjoy attractive interest rates, complete security, and full repatriation of funds. With tax-free returns in India and flexible tenures, your money works harder while you focus on your goals abroad. Start today and experience the perfect blend of convenience, stability, and assured wealth creation.
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
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Earn competitive returns on your overseas income with assured growth
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Interest earned on NRE FDs is completely exempt from Indian income tax
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Both principal and interest are freely repatriable, giving you complete flexibility
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Choose from a wide range of deposit periods to suit your financial goals
For a complete list of Interest rate on Fixed Deposit, Please click here
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NRIs and PIOs as per FEMA definition
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Seafarers of Indian nationality / origin employed by overseas shipping companies, or
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Indian government employees with Diplomat passports, or
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Students pursuing studies in foreign countries.
| Limits & Charges- NRE | |
| Particulars | Charges |
|---|---|
| Minimum Investment Amount | 10,000/- |
| Maximum Investment Amount | Less than 3,00,00,000/- |
| Minimum Tenure | 1 year/365 days |
| Maximum Tenure | 10 Years |
| Penalty on Premature Withdrawal |
No Penalty (charge) for pre-mature closure of Fixed Deposit. No interest is payable where deposit has not been in place for applicable minimum tenure |
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