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NRE Savings Interest Rates (as on 03 Aug 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 03 Aug 2021)

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

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

Maintained in rupee.
Both the principal as well as the interest can be repatriated.
Interest is payable usually on a half yearly basis.
Offers easy liquidity.
Offers remittance facility.
Get the cheque book facility.
Provision for nomination. Nominee can be Resident or Non-resident or PIO(person of Indian Origin)
Local Rupee Cheques (drawn in India) cannot be deposited in this account.
Cash in rupees cannot be deposited in this account.
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.
No income tax liability.

NRE Savings Interest Rates (as on 03 Aug 2021)

NRE Savings Interest Rates by Banks (as on 03 Aug 2021)

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

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