![]() ![]() It is advisable to compare the interest rates and tenure of various banks before investing. The minimum tenor for resident and NRO deposits of 2 crores is 1 year and 90 days for 5 crore & above. The Non Withdrawable Deposit is offered for amount 2 crore and above only. The deposit will be booked with maturity instruction as ‘Do Not Renew’. These updated NRE FD rates offer competitive interest rates for Indians living abroad who want to invest their foreign currency in fixed deposits in India. The minimum tenor for NRE deposit is 1 Year. Canara Bank's new rates came into effect on April 5, 2023. These rates were applicable from February 24, 2023.Ĭanara Bank: Canara Bank has fixed interest rates for fixed deposits ranging from 6.70% to 7.25% for a one to ten-year period. ![]() ICICI Bank: ICICI Bank's fixed deposit rates for NRE accounts range from 6.70% to 7.10%. These new rates came into effect on January 1, 2023. Punjab National Bank (PNB): PNB has increased its NRE FD rates from last year's rates of 5.6% to 6.75% to the current rates of 6.5% to 7.25%. These new rates were included on February 21, 2023. HDFC Bank: HDFC Bank is offering interest rates ranging from 6.60% to 7.10% for amounts less than two crores and 7.10% to 7.75% for amounts greater than two crores.
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