2 weeks ago

NRE fixed deposit rates 2026: banks offer up to 8.05%

NRE fixed deposit rates 2026: banks offer up to 8.05%
NRE fixed deposit rates 2026: These banks offer up to 8.05% interest to NRIs · businesstoday.in

Some people from India live and work in other countries.

They are called NRIs.

NRIs can save money in special bank accounts in India called NRE accounts.

The money in these accounts comes from their earnings abroad.

Banks pay interest on this money, like a reward for saving.

Different banks offer different interest rates.

DCB Bank gives the highest reward at 8.05% for deposits kept for more than one year and up to three years.

IndusInd Bank offers 7.75% for one-year deposits.

The money and the interest can be sent back overseas anytime, and the interest is tax-free in India.

But the value can change if the rupee's exchange rate changes.

Key facts

Highest NRE FD rate
8.05% (DCB Bank, >1 to 3 years)
DCB Bank one-year rate
7.10%
IndusInd Bank one-year rate
7.75%
One-year rate at Karnataka Bank and Thane Janata Sahakari Bank
7.50%
SBI one-year rate
6.80%
NRE interest tax
Tax-free in India for eligible NRIs
Repatriation
Principal and interest fully repatriable
NRO deposits
Interest taxable in India; repatriation subject to rules

Sources

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