NRE Savings Interest Rates (as on 17 Apr 2021)

NRE Savings Account is an account which is opened by an NRI (Non Resident Indian) to park his/her overseas earnings remitted to India converted to Indian Rupees. This account is maintained in rupee. It offers the entire standard banking facilities such as issuance of cheque book/ debit card, nomination facility and other remittance facilities. The account holder will receive interest on the money deposited under this account which differs from bank to bank.

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NRE Savings Interest Rates by Banks (as on 17 Apr 2021)

Bank Name	Min Interest Rates (p.a.)	Min Limit	Max Interest Rates (p.a.)	Max Limit	Calculate
Allahabad Bank	4%	Less than Rs 40 Lakhs	4%	Rs 40 Lakhs & above	Calculate
Andhra Bank	4%	Upto Rs 50 Lakhs	4%	Above Rs 50 Lakhs	Calculate
Axis Bank	4%	Below Rs 50 Lakhs	4%	Rs 50 Lakhs & above	Calculate
Bandhan Bank Limited	4%	Below Rs 1 Lakh	6%	Rs 1 Lakh & above	Calculate
Bank Of Baroda	4%	Upto Rs 50 Lakhs	4%	Above Rs 50 Lakhs	Calculate
Bank Of India	4%	Upto Rs 50 Lakhs	4%	Above Rs 50 Lakhs	Calculate
Bank Of Maharashtra	4%	Upto Rs 25 Lakhs	4%	Above Rs 25 Lakhs	Calculate
Canara Bank	4%	Upto Rs 50 Lakhs	4%	Above Rs 50 Lakhs	Calculate
Catholic Syrian Bank Limited	4%	Upto Rs 1 Lakh	4%	Above Rs 1 Lakh to Rs 50 Lakhs	Calculate
Central Bank Of India	4%	Upto Rs 50 Lakhs	4%	Above Rs 50 Lakhs	Calculate
City Union Bank Limited	4%	Upto Rs 1 Lakh	4%	Above Rs 1 Lakh	Calculate
Corporation Bank	4%	Below Rs 50 Lakhs	4%	Rs 50 Lakhs & above	Calculate
Dcb Bank Limited	4%	Below Rs 1 Crore	6%	Above Rs 1 Crore to Rs 5 Crores	Calculate
Dena Bank	4%	Upto Rs 25 Lakhs	4%	Above Rs 25 Lakhs	Calculate
Dhanalakshmi Bank	4%	Upto Rs 50 Lakhs	4%	More Than Rs 50 Lakhs	Calculate
Federal Bank	4%	Below Rs 50 Lakhs	4%	Rs 50 Lakhs & above upto Rs 10 Crores	Calculate
Hdfc Bank	4%	Below Rs 50 Lakhs	4%	Rs 50 Lakhs & above but below Rs 500 Crores	Calculate
Icici Bank Limited	4%	Below Rs 50 Lakhs	4%	Rs 50 Lakhs & above	Calculate
Idbi Bank	4%	Upto Rs 25 Lakhs	4%	Above Rs 25 Lakhs	Calculate
Indian Bank	4%	Upto Rs 50 Lakhs	4%	Above Rs 50 Lakhs	Calculate
Indian Overseas Bank	4%	Upto Rs 25 Lakhs	4%	Above Rs 25 Lakhs	Calculate
Indusind Bank	4%	Upto Rs 10 Lakhs	5%	Above Rs 10 Lakhs to Rs 1 Crore	Calculate
Jammu And Kashmir Bank Limited	4%	For Any Amount	4%	Above Rs 10 Lakhs	Calculate
Karnataka Bank Limited	3%	Upto Rs 1 Lakh	4%	Above Rs 1 Lakh to Rs 50 Lakhs	Calculate
Karur Vysya Bank	4%	Upto Rs 1 Lakh	4%	Above Rs 1 Lakh	Calculate
Kotak Mahindra Bank Limited	5%	Upto Rs 1 Lakh	6%	Above Rs 1 Lakh to Rs 1 Crore	Calculate
Laxmi Vilas Bank	4%	Upto Rs 1 Lakh	5%	Above Rs 1 Lakh to Rs 5 Lakhs	Calculate
Oriental Bank Of Commerce	4%	Upto Rs 25 Lakhs	4%	Above Rs 25 Lakhs	Calculate
Punjab And Sind Bank	4%	Upto Rs 20 Lakhs	4%	Above Rs 20 Lakhs	Calculate
Punjab National Bank	4%	Upto Rs 25 Lakhs	4%	Above Rs 25 Lakhs	Calculate
Rbl Bank Limited	6%	Upto Rs 1 Lakh	6%	Above Rs 1 Lakh to Rs 10 Lakhs	Calculate
South Indian Bank	4%	Upto Rs 1 Lakh	4%	Above Rs 1 Lakh to below Rs 5 Crore	Calculate
State Bank Of Bikaner And Jaipur	4%	Upto Rs 1 Crore	4%	Above Rs 1 Crore	Calculate
State Bank Of Hyderabad	4%	Upto Rs 1 Crore	4%	Above Rs 1 Crore	Calculate
State Bank Of India	4%	Upto Rs 1 Crore	4%	Above Rs 1 Crore	Calculate
State Bank Of Mysore	4%	Upto Rs 1 Crore	4%	Above Rs 1 Crore	Calculate
State Bank Of Patiala	4%	Upto Rs 1 Crore	4%	Above Rs 1 Crore	Calculate
State Bank Of Travancore	4%	Upto Rs 1 Crore	4%	Above Rs 1 Crore	Calculate
Syndicate Bank	4%	Upto Rs 25 Lakhs	4%	Above Rs 25 Lakhs	Calculate
Tamilnad Mercantile Bank Limited	4%	Upto Rs 1 Lakh	4%	Above Rs 1 Lakh	Calculate
Uco Bank	4%	Upto Rs 50 Lakhs	4%	Over Rs 50 Lakhs	Calculate
Union Bank Of India	4%	Upto Rs 25 Lakhs	4%	Above Rs 25 Lakhs	Calculate
United Bank Of India	4%	Upto Rs 50 Lakhs	4%	More Than Rs 50 Lakhs	Calculate
Vijaya Bank	4%	Below Rs 50 Lakhs	4%	Rs 50 Lakhs & above	Calculate
Yes Bank	5%	Below Rs 1 Lakh	6%	Rs 1 Lakh to Rs 1 Crore	Calculate

Key features and Benefits of Non Resident External (NRE) Savings Account

1. Maintained in rupee.
2. Both the principal as well as the interest can be repatriated.
3. Interest is payable usually on a half yearly basis.
4. Offers easy liquidity.
5. Offers remittance facility.
6. Get the cheque book facility.
7. Provision for nomination. Nominee can be Resident or Non-resident or PIO(person of Indian Origin)
8. Local Rupee Cheques (drawn in India) cannot be deposited in this account.
9. Cash in rupees cannot be deposited in this account.
10. Money in this account can be transferred from any non-resident (External) Rupee Savings and Fixed / Term Deposit account or Foreign Currency Deposit (FCNR) account.
11. No income tax liability.