NRE Fixed Deposits
NRE Fixed Deposits
Grow your foreign income in a safe and secure way with Ujjivan SFB’s NRE Fixed Deposit. Tailored for Non-Resident Indians (NRIs) seeking tax-free, stable returns, our NRE FD offers a seamless gateway to manage your money while residing abroad. Earn attractive interest rates up to 8.25%* p.a. in Indian currency, enjoy flexible deposit tenure, repatriation options, and more.
Key Features of our NRE Fixed Deposit
Minimum deposit amount of ₹5,000, in multiples of ₹1 thereafter
Monthly & Quarterly interest pay-out
Flexible deposit tenure from 1 year to 10 years
Cumulative interest payment at maturity
Key Features of our NRE Fixed Deposit
Minimum deposit amount of ₹5,000, in multiples of ₹1 thereafter
Monthly & Quarterly interest pay-out
Flexible deposit tenure from 1 year to 10 years
Cumulative interest payment at maturity
Top Benefits of our NRE Fixed Deposit
NRE Fixed Deposit ROI Calculator
Get an estimate of your earnings with our FD ROI Calculator.
Ujjivan SFB NRE Fixed Deposit Interest Rates
Below mentioned are the Interest Rates with Effect from 1st July 2024
| Tenure | Interest Rate (p.a.) (Under ₹ 3 Crores)* |
|---|---|
| 12 months | 8.25% |
| 12 months 1day to 560 days(80 weeks) | 8.00% |
| 561 days to 990 days | 7.75% |
| 991 days to 60 months | 7.20% |
| 60 months 1 day to 120 months | 6.50% |
No additional rate of interest is offered to senior citizens.
For other disclosures and Regular NRE FD interest rates, click here.
FAQs
1. What is NRE Fixed Deposit?
NRE Fixed Deposit is a secure investment option for NRIs to deposit their foreign earnings in Indian currency and earn interest on it.
2. How can I open an NRE Fixed Deposit account with Ujjivan SFB?
Existing Ujjivan SFB NR customers can easily apply through Internet Banking or Mobile application or visit our branches.
3. What are the minimum and maximum deposit amounts?
The minimum amount is ₹5,000 with no maximum limit.
4. Are the interest rates fixed or variable?
The interest rate remains fixed for the deposit duration.
5. Are the interest earnings taxable in India?
No, NRE FD interest are tax-free.
6. Can I nominate a beneficiary?
Yes, you can nominate a beneficiary for your NRE FD. It will ensure smooth transition in the event of unforeseen circumstances.
7. Can I prematurely withdraw the deposit amount?
Yes, but please note that interest will apply for NRE fixed deposits only after 12 months, However the facility isn’t applicable on Platina FDs.
8. Can I convert INR into a different currency upon FD maturity?
No, deposits will remain in INR.
*Terms and Conditions Apply.
Make the most of high interest rates to grow your wealth with NRI FDs.
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