NRE Account: By investing in fixed deposits, you can get better returns by avoiding risk. Most of the new people invest in it. The amount of interest rates on FDs is different for NRE account holders. All the banks have been paying interest rates on it according to their own. Are you also an NRI and want to invest on FDs as NRE account holders? In such a situation, the NRE account holder is going to be in trouble. The interest rates offered by banks on Fixed Deposit (FD) to NRE Account Holder have been revised. Let us know which bank is giving how much profit on NRE FD.
Union Bank of India NRE FD Interest Rates
Union Bank of India offers the best interest rate on NRE fixed deposit rates ranging between 5.75 per cent to 6.10 per cent for amounts below Rs 2 crore. The tenure starts from one year and can go up to ten years. Banks offer 6.05 per cent for terms of three years to three years and fourteen days. The bank offers 6.10 per cent for tenures ranging from five to ten years.
Canara Bank NRE FD Interest Rates
Canara Bank offers NRE fixed deposit rates between 5.30 per cent and 6 per cent for amounts less than Rs 2 crore. The tenure starts from one year and can go up to ten years. The bank offers 6 per cent interest rate for tenors of one year to less than two years. According to the Canara Bank website, ‘Payment of interest applicable to savings accounts from the date of maturity till the date of payment/re-investment on overdue NRI deposits’ Will be done.
PNB NRE FD Interest Rates
For amounts below Rs 2 crore, PNB offers NRE fixed deposit rates ranging from 5.55 per cent to 6 per cent. The tenure starts from one year to ten years. The bank offers 6 per cent interest on terms of up to two years or three years as well as 1,111 days.
SBI NRE FD Interest Rate
If you are an SBI NRE account holder, it gives you the opportunity to invest in FDs for tenures ranging from 1 year to 10 years. SBI had increased the interest rates on FDs to NRE account holders on 13 December 2022. According to SBI, 6.75 percent interest rate is being given for a period of 1 to 2 years for an investment of less than two crores. While SBI is giving 6.50 percent interest rate for investing more than 2 crore money.
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