This document outlines the effective annualized rates of return for non-resident external term deposits of less than 200 lakh Indian rupees at a major Indian bank, ranging from 6.8% for a 1 year deposit to 9.24% for a 10 year deposit, with longer term deposits generally yielding higher returns.
This document outlines the effective annualized rates of return for non-resident external term deposits of less than 200 lakh Indian rupees at a major Indian bank, ranging from 6.8% for a 1 year deposit to 9.24% for a 10 year deposit, with longer term deposits generally yielding higher returns.
Original Description:
Original Title
Effective annualized rate of return NRE TD 15.08.23
This document outlines the effective annualized rates of return for non-resident external term deposits of less than 200 lakh Indian rupees at a major Indian bank, ranging from 6.8% for a 1 year deposit to 9.24% for a 10 year deposit, with longer term deposits generally yielding higher returns.
This document outlines the effective annualized rates of return for non-resident external term deposits of less than 200 lakh Indian rupees at a major Indian bank, ranging from 6.8% for a 1 year deposit to 9.24% for a 10 year deposit, with longer term deposits generally yielding higher returns.
Effective Annualized Rate of Return for NRE Term Deposit (single deposits of
less than ₹200 Lakhs)
NRE Term Deposits
Period Rate of interest p.a Annualized Yield*
1 Year 6.80% 6.98%
13 Months 7.30% 7.53% 21 Months 7.30% 7.71% 2 Years 6.75% 7.16% 3 Years 6.60% 7.23% 4 Years 6.60% 7.48% 5 Years 6.60% 7.74% 6 Years 6.60% 8.02% 7 Years 6.60% 8.30% 8 Years 6.60% 8.60% 9 Years 6.60% 8.92% 10 Years 6.60% 9.24%