Latest NRE FD interest rates 2025: SBI, HDFC Bank, ICICI Bank, PNB, Axis Bank

Non-Resident (External) Account can only be opened in the name of NRI individuals – single/joint. Interest earned on NRE FDs is tax-free in India, and the principal amount and interest are fully repatriable. NRE FDs also offer higher interest rates than a typical savings account.

Here is a look at the latest NRE FD interest rate of big banks.
(NRE FD interest rates as on March 18, 2025; interest rates from bank websites.)

SBI offers NRE FD rates between 6.80% to 7.25% (Amrit Vrishti) for tenure ranging from 1 year to 10 years for amounts less than Rs 3 crore. NRE term deposit with effect from 15th July, 2024. No interest is paid if the deposit is withdrawn before one year. The rates are applicable from July 15, 2024.

The minimum tenor for NRE Deposit is 1 Year. The interest rate ranges from 6.60% to 7.40% for tenure from 1 year to 10 years. The rates are effective from July 24, 2024. Note that senior citizen rates do not apply to NRIs and minimum tenor for NRE Deposit is 1 Year.

The interest rate ranges from 6.70% to 7.25% for tenure from 1 year to 10 years for amounts less than Rs 3 crore. The highest interest rate of 7.25% is applicable on tenure between 15 months and 2 years. The rates are effective from March 18, 2025.

The interest rate ranges from 6.35% to 7.25% for tenure from 1 year to 10 years for amounts less than Rs 3 crore. The highest FD rate of 7.25% is offered on tenure of 444 days. The rates are effective from January 1, 2025.