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Best and safest Fixed Deposit Rate for NRE Account 2015

Best and safest Fixed Deposit Rate for NRE Account 2015

Interest rates in US for fixed deposits also called Term deposits are very low and usually around 1.5 to 2% annum. Where as the fixed deposit rates in India is always greater than 8%. In all scenarios tranferring money to a Public sector bank in India in to an NRE account is the best and safest investment you can do while you work hard in US.

Try not to open an NRE account in small Co-operative and Private Sector banks to be safe .Always Prefer a Public Setor Bank.

NRE or Non-Resident External Rupee Account is maintained by non-resident Indian (NRI) in Indian Rupees.

This account is meant for foreign exchange earned outside India and transferred to India. Interest earned is tax-free. They are freely repatriable (money can be transferred without any restriction)

 

INSTITUTION GROUP INTEREST % p.a PERIOD
State Bank of Patiala Public Sector / Nationalized Banks 8.75 555 days
United Bank of India Public Sector / Nationalized Banks 8.75 1 years to less than 2 years
Union Bank of India Public Sector / Nationalized Banks 8.55 1 years
Dena Bank Public Sector / Nationalized Banks 8.50 1 year
Dena Bank Public Sector / Nationalized Banks 8.50 Above 1 year to less than 2 years
State Bank of Hyderabad Public Sector / Nationalized Banks 8.50 1 year to less than 2 years
Oriental Bank of Commerce Public Sector / Nationalized Banks 8.50 1 year to less than 2 years
Central Bank of India Public Sector / Nationalized Banks 8.35 1 year to less than 2 years
Central Bank of India Public Sector / Nationalized Banks 8.35 555 days MMDC
IDBI Bank Public Sector / Nationalized Banks 8.25 1 yrs to less than 2 yrs
Punjab National Bank Public Sector / Nationalized Banks 8.25 1 year
State Bank of Travancore Public Sector / Nationalized Banks 8.25 1 year to less than 2 years
Corporation Bank Public Sector / Nationalized Banks 8.15 above 12 months to less than 1year & 6 months
Corporation Bank Public Sector / Nationalized Banks 8.15 12 months only
Allahabad Bank Public Sector / Nationalized Banks 8.10 1 year to less than 2 years
Vijaya Bank Public Sector / Nationalized Banks 8.00 More than 1year to less than 2 Years
Indian Overseas Bank Public Sector / Nationalized Banks 8.00 1 year to less than 2 years
Canara Bank Public Sector / Nationalized Banks 8.00 1 year
Canara Bank Public Sector / Nationalized Banks 8.00 1 year and above to less than 2 years
Syndicate Bank Public Sector / Nationalized Banks 8.00 1 year exact
Vijaya Bank Public Sector / Nationalized Banks 8.00 1Year
State Bank of India (SBI) Public Sector / Nationalized Banks 8.00 1 year to 455 days  

 

 

 

 

 

 

 

 

 

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