Indian Bank NRE NRO/ NRI/ FCNR FD Rates

A Non to Resident Indian (NRI) can apply for a Term Deposit or Fixed Deposit scheme (FD) through the Indian Bank. This bank offers FDs for NRIs in the following variants.

Updated On - 05 Sep 2025
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  1. Non to Resident External (NRE) Fixed Deposit
  2. Non to Resident Ordinary (NRO) FD
  3. Foreign Currency Non to Resident (Bank) (FCNR (B)) Deposit

Indian Bank NRE FD Interest Rates: 

The following table enlists the Indian Bank Non-Resident External Deposit rates*:

Tenure Bracket 

Less than Rs.3 crore  

7 days to 14 days 

2.80% 

15 days to 29 days 

2.80% 

30 days to 45 days 

3.00% 

46 days to 90 days 

3.25% 

91 days to 120 days 

3.50% 

121 days to 180 days 

3.85% 

181 days to less than 9 months 

4.50% 

9 months to less than 1 year 

4.75% 

300 days (Ind Supreme Product) **Valid up to 30.09.2024 

    7.05%    

1 year 

6.10% 

400 days (Ind Super Product) **Valid up to 30.09.2024 

   7.25%  

Above 1 year to less than 2 years 

7.10% 

2 years to less than 3 years 

6.70% 

3 years to less than 5 years 

6.25% 

5 years 

6.25% 

Above 5 years 

6.10% 

Note: The Indian Bank NRE FD interest rates are subject to change as per the discretion of the bank. The given rates are valid as of 12 June 2024

For deposits between Rs.3 crore and Rs.5 crore 

Period 

Callable 

Non- Callable 

7 days to 14 days 

5.00% 

5.00% 

15 days to 29 days 

5.00% 

5.00% 

30 days to 45 days 

6.00% 

6.00% 

46 days to 90 days 

5.25% 

5.25% 

91 days to 120 days 

5.25% 

5.25% 

121 days to 180 days 

5.50% 

5.50% 

181 days to less than 9 months 

5.50% 

5.50% 

9 months to less than 1 year 

6.25% 

6.25% 

1 year 

6.70% 

6.70% 

Above 1 year to less than 2 years 

6.65% 

6.65% 

2 years to less than 3 years 

6.10% 

6.10% 

3 years to less than 5 years 

6.00% 

6.00% 

5 year 

6.00 

6.00 

Above 5 years 

6.00% 

6.00% 

Note: The Indian Bank NRE FD interest rates are subject to change as per the discretion of the bank. The given rates are valid as of 12 June 2024

FAQs on Indian Bank NRI Fixed Deposit Rates

  • What is the minimum tenure of the NRE FD offered by Indian Bank?

    The minimum tenure of the NRE FD offered by Indian Bank is 1 year.

  • What is the maximum tenure of the NRE FD offered by Indian Bank?

    The minimum tenure of the NRE FD offered by Indian Bank is 10 years.

  • Can I avail a loan against the amount that is available in the NRE FD account?

    Yes, you can avail a loan against the amount that is available in the NRE FD account.

  • Can NRIs ask request Indian residents to operate their NRE FD account?

    Yes, Indian residents can be appointed by NRIs to operate the account.

  • Can I add nominees to the NRE FD account offered by Indian Bank?

    Yes, Indian Bank offers the facility to add nominees to the account. However, the nominee must be a resident abroad or in India.

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