NRI Fixed Deposit (FD) Interest Rates Online

Q: Can I maintain my NRI Savings Account after returning to India?

After returning to India client needs to inform us of the same. Accordingly the NRI savings account will be converted to a resident savings account as per client instruction.

Q: What happens to an NRI FD account after I return to India?

The NRI FD will remain as-is until maturity post which it will be credited to the resident savings account held by the client.

NRI FD Interest Rates

Open an NRI Savings Account

At a Glance

DBS Treasures allows Non-Resident Indians to open NRI accounts and invest their money through fixed deposits at competitive interest rates.

The interest rates are different for each type of term deposit account i.e. NRE, NRO and FCNR accounts. For FCNR deposits, the rate of interest also varies based on the currency the account is held in.

Opening a fixed deposit is beneficial for NRIs since it allows for:

Secure investments
A convenient way to deposit and save money earned in India via NRO fixed deposits
A safer way to grow your overseas earnings via NRE and FCNR fixed deposits
High returns

Types of fixed deposits

NRE Fixed Deposit

DBS Treasures NRE fixed deposit accounts enable you to earn competitive interest on your foreign currency earnings. DBS Treasures NRE fixed deposits are fully repatriable. Moreover, interest earned on NRE deposits is tax-free in India.

NRO Fixed Deposit

DBS Treasures NRO fixed deposit accounts allow for higher interest earnings on income earned in India while you are overseas. DBS Treasures NRO fixed deposits can be opened jointly with resident or non-resident Indians.

FCNR Deposit

When you are abroad and earning in foreign currency, you may still want to retain some of your funds in India. Your best option could be a Foreign Currency Non-Resident Fixed Deposit, commonly known as FCNR deposit. Deposit funds in foreign currencies and earn higher interest rates with an FCNR FD.

Open an NRI Savings Account

Interest Rates

NRE Fixed Deposits

Rates w.e.f. 15^th February, 2024

Tenure	Interest Rate p.a.
1 year to 375 days	7.00%
376 days to 540 days	6.50%
541 days to less than 2 years	6.25%
2 years & less than 2 years 6 months	5.75%
2 years & 6 months	5.25%
2 years 6 months 1 day & less than 3 years	5.25%
3 years and less than 4 years	5.00%
4 years to less than 5 years	5.00%
5 years and above	5.00%

For NRE fixed deposits of INR 3 crore and above, please contact your Relationship Manager or nearest branch in India.

Open an NRI Savings Account

NRO Fixed Deposits

Rates w.e.f. 11^th December, 2023

Tenor	Regular
7 days	2.50%
8 days & up to 14 days	2.75%
15 days & up to 29 days	4.00%
30 days & up to 45 days	4.50%
46 days & up to 60 days	4.50%
61 days	5.00%
62 days & up to 90 days	5.00%
91 to 180 days	5.00%
181 to 269 days	6.00%
270 to less than 1 year	6.00%
1 year to 375 days	7.00%
376 days to 540 days	7.50%
541 days to 599 days	7.25%
600 days	7.25%
601 days to less than 2 years	7.25%
2 years to less than 2 years & 6 months	7.00%
2 years & 6 months	7.00%
2 years 6 months 1 day & less than 3 years	7.00%
3 years and less than 4 years	6.50%
4 years to less than 5 years	6.50%
5 years and above	6.50%

For NRO fixed deposits of INR 3 crore and above, please contact your Relationship Manager or nearest branch in India. A simple interest rate will be paid on fixed deposits below 6 months. For fixed deposits of 6 months or above, interest will be compounded quarterly.

Open an NRI Savings Account

FCNR Interest Rates

Rates with effect from 01 Mar 2024

Tenor	USD
1Y to <2Y	5.00%
2Y to <3Y	4.00%
3Y to <4Y	0.01%
4Y to <5Y	0.01%
5Y	0.01%

Please check with your branch/relationship manager on the date of booking deposits for documentation and deposit interest rates across currencies which are subject to change from time to time.

Open an NRI Savings Account

Deposits Terms and Conditions:

The Bank shall, on written request from all depositors, allow withdrawal of a Resident / NRO Term deposits and NRE / FCNR Deposits before the date of its maturity. The interest on prematurely withdrawn Resident/NRO Term Deposits and NRE / FCNR deposits will be paid for the period that such deposit is held, at the rate prevailing on the date of placement of such deposit or the contracted rate, whichever is lower, subject to a deduction of a 1% penalty.

However, no interest will be paid in case of NRE / FCNR Deposits prematurely withdrawn before the expiry of 1 (one) year from the date of deposit or its renewal.

For detailed terms and conditions click here.

How to Apply

Open an NRI Savings Account

A Relationship Manager will reach out to you shortly.

Frequently Asked Questions

Can I maintain my NRI Savings Account after returning to India permanently?

After returning to India, the customer needs to inform DBS Treasures of his/her return. The NRI savings account will then be converted to a resident Indian savings account once the relevant documentation is submitted.

What happens to an NRI FD account after I return to India?

The NRI FD will remain as-is until maturity after which it will be credited to the resident Indian savings account held by the customer.

Are NRI FD interest rates the same as domestic FD interest rates?

NRI FD interest rates are different from domestic FD interest rates.