• 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:

    • Non to Resident External (NRE) Fixed Deposit
    • Non to Resident Ordinary (NRO) FD
    • Foreign Currency Non to Resident (Bank) (FCNR (B)) Deposit

    Key Indian Bank NRI FD rates

    • Highest NRE Deposit rate: 5.25% p.a.
    • Maximum FCNR (B) FD rate:
      • Canadian Dollar (CAD): 0.98% p.a.
      • Euro (EUR): 0.06% p.a.
      • Swiss Franc (CHF): 0.01% p.a.
      • Pound Sterling (GBP): 0.98% p.a.
      • Australian Dollar (AUD): 0.81% p.a.
      • US Dollar (USD): 0.85% p.a.
      • Japanese Yen (JPY): 0.03% p.a.

    Indian Bank NRE FD interest rates

    Tenure bracket Up to Rs.2 crore Rs.2 crore to Rs.5 crore
    12 months 5.00% 3.55%
    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%
    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.

    Indian Bank FCNR (B) Term Deposit rates

    Currency Tenure
    1 to 2 years (%) 2 to 3 years (%) 3 to 4 years (%) 4 to 5 years (%) Only 5 years
    USD 0.88 0.85 1.02 1.28 1.73
    -0.77 -0.81 -0.94 -1.15 -1.37
    GBP 0.55 0.71 0.84 0.98 1.1
    -0.52 -0.67 -0.79 -0.91 -1.02
    EUR 0 0.01 0.06 0.12 0.2
    -0.01 -0.03 -0.01 -0.01 -0.01
    JPY 0 0 0 0.01 0.03
    0 0 0 -0.02 -0.04
    CAD 0.67 0.68 0.98 1.26 1.48
    -0.67 -0.73 -0.97 -1.23 -1.45
    AUD 0.28 0.34 0.51 0.81 1.07
    -0.3 -0.37 -0.52 -0.8 -1.07
    CHF 0 0 0 0.01 0.1
    0 0 0 -0.01 -0.16
    SGD 0.65 0.77 0.96 1.2 1.42
    -0.62 -0.72 -0.9 -1.09 -1.27

    *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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