12 thoughts on “Best NRE Fixed Deposit Interest Rates for NRIs – February 2020

  1. Raj kumar malik says:

    I would like to know about full detail nro .as a nri can we deposit cash money in my nro account or any third person can deposit it .if possible then per fincial year how much can deposit in account and what is tax applicable on it .if I tranffer my money from abroad how taxation would come .
    One more question which is best nre or nro account to invest in India.
    Mu mother want to give some money how can I take it from mother which account can deposit its taxable or not .
    Pl clear all details related to nro account
    Thanks

    • NRO – Anyone can deposit money to your NRO account. It like a saving acct but NRO status. Tax implication is higher for interest earned.

      NRI is better as all interest earned is tax free. You can only deposit funds from aboard to NRI. You cannot deposit money from India to NRI Account. You can also withdraw money from NRI Account. Certain countries has tax implication on NRI as well, please check with your accountant.

  2. Hi,

    Can you update FCNR for EUR.

    • I can but the FCNR interest rate on EUR is very low something in the range of 0.01% to 0.15%. So its not beneficial and hence not published widely.

  3. Hi,
    I just want to know @NRE FD in Deutsche bank is safe , which is best bank to deposit our money as an NRI

    Thanks for your reply..
    Yogesh

  4. It’s interesting to see IDFC Bank offering an interest rate of 8.25%. Thanks Amit for sharing all the statistics.

  5. Hello,
    Good Day!
    For Suryoday Small Finance Bank, interest rate of 9.5% p.a. is for 950 days as special tenures, not 3 years.

  6. Fincare Bank do not offer fixed deposits for NRIs

  7. I believe the interest rate will be revised soon by RBI and the people who can wait for some time will see more good levels in near future…hope for the best..thanks for you really sincere efforts for compiling this useful information..

  8. Rakesh Bashnet says:

    Plz mail me uodates

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