Interest Rates for Resident Term Deposits (Less than Rs.200 lakhs)
Tenure of deposit | Rate of Interest effective from 01/11/2020 | |
---|---|---|
Normal Rate | Rate for Senior Citizens | |
7 days - 14 days | 4.50% | 5.00% |
15 days - 59 days | 5.00% | 5.50% |
60 days - 90 days | 5.75% | 6.25% |
91 days to 181 days | 6.00% | 6.50% |
182 days | 5.50% | 6.00% |
183 days to 363 days | 6.50% | 7.00% |
364 days | 5.75% | 6.25% |
365 days to 545 days | 6.50% | 7.00% |
546 days | 5.25% | 5.75% |
547 days to 727 days | 6.50% | 7.00% |
728 days | 5.50% | 6.00% |
729 days to 909 days | 6.25% | 6.50% |
910 days | 5.50% | 6.00% |
911 days to 1091 days | 6.25% | 6.75% |
1092 days | 5.50% | 6.00% |
1093 days to 1273 days | 6.00% | 6.50% |
1274 days | 5.50% | 6.00% |
1275 days -1455 days | 6.00% | 6.50% |
1456 days | 5.50% | 6.00% |
1457 days-1637 days | 6.00% | 6.50% |
1638 days | 5.50% | 6.00% |
1639 days-1819 days | 6.00% | 6.50% |
1820 days | 5.50% | 6.00% |
1821 days to 3653 days | 5.50% | 6.00% |
Nre Fixed Deposit Rates
Enjoy tax exemption from the entire deposit (principal and interest) Open the deposit jointly with any other NRI. Avail of the nomination facility. Avail of the Sweep- in facility on your fixed deposit. Raging bull codes no deposit. Real money freeroll online poker. Maintain the deposit for a tenure of minimum 1 year and a maximum of 10 years.
The interest earned on NRE deposit is totally exempt from Indian Income Tax - No TDS.; The principal and interest are freely repatriable. The revised deposit rates on NRE deposits will apply only to fresh deposits accepted and matured deposits renewed on or after. IDFC FIRST Bank - NRI Fixed Deposits Term Deposit Accounts: We offer three types of Term Deposit Accounts; Foreign Currency Non-Resident, Non-Resident External & Non-Resident Ordinary. You can choose the type of deposit account depending on whether the source of funds into this account is from India or overseas and based on your need for this. In this article, we will discuss how you can select the most suitable NRE fixed deposit and will also give you the best NRE FD rates by different banks in India. NRIs cannot open a regular account that is designed for Indian Residents as per the guidelines by Foreign Exchange Management Act (FEMA) and this can attract huge penalties if breached. Get all the details on NRI/NRE Bank Fixed/Term Deposits in India, List of Banks for NRI/NRE Fixed/Term Deposits, NRI/NRE Interest Rates, NRI/NRE Fixed/Term Deposits Rating, NRI/NRE Fixed/Term.
Interest Rates for Resident Term Deposits (Less than Rs.200 lakhs)
Tenure of deposit | Rate of Interest effective from 01/11/2020 | |
---|---|---|
Normal Rate | Rate for Senior Citizens | |
7 days - 14 days | 4.50% | 5.00% |
15 days - 59 days | 5.00% | 5.50% |
60 days - 90 days | 5.75% | 6.25% |
91 days to 181 days | 6.00% | 6.50% |
182 days | 5.50% | 6.00% |
183 days to 363 days | 6.50% | 7.00% |
364 days | 5.75% | 6.25% |
365 days to 545 days | 6.50% | 7.00% |
546 days | 5.25% | 5.75% |
547 days to 727 days | 6.50% | 7.00% |
728 days | 5.50% | 6.00% |
729 days to 909 days | 6.25% | 6.50% |
910 days | 5.50% | 6.00% |
911 days to 1091 days | 6.25% | 6.75% |
1092 days | 5.50% | 6.00% |
1093 days to 1273 days | 6.00% | 6.50% |
1274 days | 5.50% | 6.00% |
1275 days -1455 days | 6.00% | 6.50% |
1456 days | 5.50% | 6.00% |
1457 days-1637 days | 6.00% | 6.50% |
1638 days | 5.50% | 6.00% |
1639 days-1819 days | 6.00% | 6.50% |
1820 days | 5.50% | 6.00% |
1821 days to 3653 days | 5.50% | 6.00% |
Nre Fixed Deposit Rates
Enjoy tax exemption from the entire deposit (principal and interest) Open the deposit jointly with any other NRI. Avail of the nomination facility. Avail of the Sweep- in facility on your fixed deposit. Raging bull codes no deposit. Real money freeroll online poker. Maintain the deposit for a tenure of minimum 1 year and a maximum of 10 years.
The interest earned on NRE deposit is totally exempt from Indian Income Tax - No TDS.; The principal and interest are freely repatriable. The revised deposit rates on NRE deposits will apply only to fresh deposits accepted and matured deposits renewed on or after. IDFC FIRST Bank - NRI Fixed Deposits Term Deposit Accounts: We offer three types of Term Deposit Accounts; Foreign Currency Non-Resident, Non-Resident External & Non-Resident Ordinary. You can choose the type of deposit account depending on whether the source of funds into this account is from India or overseas and based on your need for this. In this article, we will discuss how you can select the most suitable NRE fixed deposit and will also give you the best NRE FD rates by different banks in India. NRIs cannot open a regular account that is designed for Indian Residents as per the guidelines by Foreign Exchange Management Act (FEMA) and this can attract huge penalties if breached. Get all the details on NRI/NRE Bank Fixed/Term Deposits in India, List of Banks for NRI/NRE Fixed/Term Deposits, NRI/NRE Interest Rates, NRI/NRE Fixed/Term Deposits Rating, NRI/NRE Fixed/Term.
Best Nre Fd Rates India
Notes:
- Interest rates as above are applicable for new Resident term deposits and renewal of existing Resident term deposits.
- Income Tax deduction at source from the interest paid on Resident term deposits will be made, wherever applicable, as per the Income Tax rules.
- The minimum tenor for Resident term deposits is 7 days.
- No interest would be payable for Resident term deposits prematurely withdrawn before completion of a period of 7 days from the date of deposit.
- Penalty for premature closure will be applicable for Resident term deposits, as per rules.
- The interest rate applicable on premature closure of Resident term deposits will be (a) or (b) below, whichever is lower, subject to penalty for premature closure.
(a) The rate of interest for the original/contracted tenor of the deposit
(b) The rate of interest which was applicable at the time of opening of the deposit, for the tenor for which the deposit has remained with the Bank. - The above rates of interest are applicable for Resident Recurring Deposits also.
- Rates of interest are subject to revision periodically.
- For help, email to customercare@esafbank.com.
- Customers may please contact our Branches for details of interest rates for deposits of Rs 200 lakhs and above.