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  • SBI NRI Fixed Deposit

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    SBI NRI Fixed Deposit

    The State Bank of India (SBI) offers a wide range of customised fixed deposit products for Non-Resident Indians (NRIs) to help them earn good returns while enjoying other benefits such as tax exemptions on certain FDs. The various types of schemes offered by SBI for NRIs include Non-Resident External (NRE) account, Non-Resident Ordinary (NRO) account, Foreign Currency Non-Repatriable (FCNR) account, and Resident Foreign Currency (RFC) account. NRIs can open NRE fixed deposit accounts, NRO fixed deposit accounts, RFC, and FCNR term deposits. SBI fixed deposit interest rates were revised on February 28, 2018. Interest rates changed for all deposit tenures and types, including for SBI NRI fixed deposits.

    Among the fixed deposits offered by SBI, the ones for NRIs include:

    SBI NRI Fixed Deposits

    SBI NRE Deposit rates: Less than Rs.1 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    12 months to 24 months

    6.70%

    N/A

    24 months to 36 months

    6.75%

    N/A

    36 months to 60 months

    6.80%

    N/A

    60 months to 120 months

    6.85%

    N/A

    *The State Bank of India NRE FD rates can vary with time. The rates mentioned in the table here are applicable as of 27 November 2018.

    SBI NRE FD Rates: Rs.1 crore to Rs.10 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    12 months to 24 months

    6.70%

    N/A

    24 months to 36 months

    6.75%

    N/A

    36 months to 60 months

    6.80%

    N/A

    60 months to 120 months

    6.85%

    N/A

    *The State Bank of India NRE Deposit rates can vary with time. The rates mentioned in the table here are applicable as of 27 November 2018.

    SBI NRE Fixed Deposit rates: Above Rs.10 crores

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    12 months to 24 months

    6.70%

    N/A

    24 months to 36 months

    6.75%

    N/A

    36 months to 60 months

    6.80%

    N/A

    60 months to 120 months

    6.85%

    N/A

    *The State Bank of India NRE FD interest rates can vary with time. The rates mentioned in the table here are applicable as of 27 November 2018.

    SBI NRO FD rates: Under Rs.1 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    7 to 45 days

    5.75%

    N/A

    Above 45 days to 6 months

    6.25%

    N/A

    6 months to 7 months

    6.35%

    N/A

    Above 7 months to 12 months

    6.40%

    N/A

    12 months to 24 months

    6.70%

    N/A

    24 months to 36 months

    6.75%

    N/A

    36 months to 60 months

    6.80%

    N/A

    60 months to 120 months

    6.85%

    N/A

    *The State Bank of India NRO FD interest rates can vary with time. The rates mentioned in the table here are applicable as of 27 November 2018.

    SBI NRO Deposit rates: Rs.1 crore to Rs.10 crore

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    7 to 45 days

    5.75%

    N/A

    Above 45 days to 6 months

    6.25%

    N/A

    6 months to 7 months

    6.35%

    N/A

    Above 7 months to 12 months

    6.40%

    N/A

    12 months to 24 months

    6.70%

    N/A

    24 months to 36 months

    6.75%

    N/A

    36 months to 60 months

    6.80%

    N/A

    60 months to 120 months

    6.85%

    N/A

    *The State Bank of India NRO Deposit rates can vary with time. The rates mentioned here in the table are applicable as of 27 November 2018.

    SBI NRO Fixed Deposit rates: Above Rs.10 crores

    Tenure bracket Regular FD rates (per annum) Senior Citizens FD rates (per annum)

    7 to 45 days

    5.75%

    N/A

    Above 45 days to 6 months

    6.25%

    N/A

    6 months to 7 months

    6.35%

    N/A

    Above 7 months to 12 months

    6.40%

    N/A

    12 months to 24 months

    6.70%

    N/A

    24 months to 36 months

    6.75%

    N/A

    36 months to 60 months

    6.80%

    N/A

    60 months to 120 months

    6.85%

    N/A

    *The State Bank of India NRO FD rates can vary with time. The rates mentioned in the table here are applicable as of 27 November 2018.

    Highest SBI NRI deposit rates

    • NRE Deposits to 6.85% p.a. for a tenure between 5 years and 10 years
    • NRO Deposits to 6.85% p.a. for a maturity period ranges within 5 years and 10 years

    SBI FCNR (B) Deposit rates

    Tenure
    FCNR (B) FD rates (per annum)
    AUD CAD USD JPY GBP EURO

    12 months

    1.96%

    2.55%

    3.63%

    0.02%

    1.43%

    0.01%

    Above 12 months to 24 months

    1.96%

    2.55%

    3.63%

    0.02%

    1.43%

    0.01%

    24 months to 36 months

    2.04%

    2.70%

    3.55%

    0.05%

    1.62%

    0.01%

    36 months to 48 months

    2.11%

    2.76%

    3.58%

    0.05%

    1.72%

    0.01%

    48 months to 60 months

    2.37%

    2.79%

    3.61%

    0.05%

    1.80%

    0.10%

    60 months

    2.47%

    2.81%

    3.62%

    0.05%

    1.86%

    0.15%

    *The State Bank of India FCNR (B) FD rates can vary with time. The rates mentioned here in the table are applicable as of 27 November 2018.

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    SBI NRI FD Rates Reviews

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