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:
|Tenure bracket||Up to Rs.2 crore||Rs.2 crore to Rs.5 crore|
|12 months 1 day to 24 months||5.10%||3.25%|
|24 months to 36 months||5.10%||3.25%|
|36 months to 60 months||5.25%||3.25%|
|Above 60 months||5.15%||3.25%|
*The Indian Bank NRE FD rates tend to change at the discretion of the bank. The rates given here are effective as of 1 April 2021.
|1 to 2 years (%)||2 to 3 years (%)||3 to 4 years (%)||4 to 5 years (%)||Only 5 years|
*The Indian Bank FCNR (B) Fixed Deposit rates tend to change at the discretion of the bank. The rates given here are effective as of 1 April 2021
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