Best NRE Fixed Deposits Rates In India – March 2012

With deregulation of Interest Rates on Non-Resident (External) Rupee (NRE) Deposits in December 2011, banks have started offering very competitive interest rates for NRE fixed deposits. The icing on the cake is the principal and interest earned on NRE fixed deposits are tax free in India.

NRE Fixed Deposits Rates In India

The table below lists down some of the best NRE Fixed Deposits Rates Offered by banks:

BankTenureInterest Rate
Dhanlaxmi Bank3 – 5 Years10.10%
Karur Vysya Bank1- 2 Years10.00%
City Union Bank1 – 3 Years10.00%
Tamil Nadu Mercantile Bank1- 2 Years10.00%
Karnataka Bank1- 2 Years9.75%
Oriental Bank Of Commerce1- 2 Years9.75%
Dena Bank1 Year9.60%
State Bank of Travancore1- 2 Years9.50%
South Indian Bank1- 2 Years9.50%
Corporation Bank1- 2 Years9.50%
J&K Bank2 – 5 Years9.50%
Federal Bank1 Year9.50%
Indian Bank1 – 3 Years9.50%
Kotak Bank1 Year9.50%
IDBI Bank1 – 10 Years9.50%
Andhra Bank1 Year9.40%
Central Bank of India1- 2 Years9.25%
Vijaya Bank1- 2 Years9.25%
Bank of Baroda1 – 3 Years9.25%
ICICI Bank390 Days / 590 Days / 790 Days / 990 Days9.25%
HDFC Bank1 Year9.25%
State Bank of India1 – 10 Years9.25%
Indian Overseas Bank1 – 5 years9.25%
Axis Bank1 – 3 Years9.00%
Bank Of India1 – 2 Years9.00%

2 thoughts on “Best NRE Fixed Deposits Rates In India – March 2012

  1. thanku ..

    wat abt current rates in 2013 ….
    thanks in advance

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