2 weeks ago
NRE fixed deposit rates 2026: banks offer up to 8.05%
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.
DCB Bank offers the highest NRE fixed deposit rate of 8.05% for tenures of more than one year up to three years.
IndusInd Bank offers 7.75% for one-year NRE deposits and up to 7.99% for deposits of more than one year up to three years.
NRE deposits are fully repatriable and interest earned is tax-free in India for eligible NRIs.
Karnataka Bank and Thane Janata Sahakari Bank offer 7.50% for one-year deposits, while SBI, Canara Bank and Bank of Baroda offer 6.80%.
NRO deposits, unlike NRE deposits, are for income earned in India, with taxable interest and repatriation subject to applicable rules.
- Who
- Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) opening NRE fixed deposits, and Indian banks including DCB Bank, IndusInd Bank, Karnataka Bank and others.
- What
- A comparison of NRE fixed deposit interest rates for 2026, with DCB Bank offering the highest rate of 8.05% for tenures above one year up to three years.
- Where
- India, where NRE deposits are maintained in Indian rupees.
- When
- 2026, as per the latest NRE fixed deposit rate comparison.
- Why
- To help NRIs earn tax-free, fully repatriable returns on overseas earnings remitted to India.
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











