Interest rates for NRE RDs are typically aligned with NRE Fixed Deposit (FD) rates. Note that NRE deposits must be held for a minimum of to earn any interest. Interest Rate (p.a.) ICICI Bank 33 - 36 Months ICICI Bank 3 - 10 Years Bank of India 2 - 3 Years Bank of India 3 - 5 Years Federal Bank 1 Year & Above 6.00% - 6.40%*
Open NRE Recurring Deposits & NRE Account Online | Axis Bank nre rd rates
interest rates are a primary focus for Non-Resident Indians (NRIs) looking to grow their foreign earnings in Indian Rupees (INR) with guaranteed returns. As of May 2026, many major Indian banks offer NRE RD rates ranging from 6.00% to 6.50% per annum . Interest rates for NRE RDs are typically aligned