Federal Bank offers Fixed Deposits (FDs) to Non-Resident Indians (NRIs) at attractive interest rates. Two different FD schemes are offered by the bank for NRIs.
The two different types of FDs that the bank offers for NRIs are mentioned below:
The main features of the NRE Fixed Deposit scheme are mentioned below:
The different ways by which you can open an NRE Fixed Deposit Account are mentioned below:
|Duration||Rate of Interest|
|1 year – Less than 16 months||5.10%|
|16 months 1 day – Less than 2 years||5.10%|
|2 years 1 day – Less than 5 years||5.10%|
|5 years and above||5.50%|
Note: Federal Bank may change the interest rates without prior notice. The interest rates mentioned above are effective from 01 April 2021.
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