PSU banks NRE FD interest rates: SBI vs Bank of Baroda vs Canara Bank vs PNB vs Bank of India

Note that principal and interest from an NRE FD can be fully repatriated into any bank account in the nation where you are currently residing. In fact, as an NRE FD retains funds in Indian Rupee, exchange rates will be used. However, utilising your money in the currency of your choice has many advantages. Here are NRE fixed deposit interest rates offered by PSU banks in India like SBI, Bank of Baroda, PNB, Bank of India and Canara Bank.SBI NRE FD rates SBI offers interest rates for terms of one year to ten years that range from 6.50 percent to 7.10 percent for amounts below Rs 2 crore. The new rates are applicable from February 15, 2023. No interest is payable if the deposit is withdrawn before one year.

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TenorsBelow Rs.2 CroreRs.2 Crore & above1 year to less than 2 years6.80%6.75%400 Days (AMRIT KALASH)7.10%-2 years to less than 3 years7.00%6.50%3 years to less than 5 years6.50%6.00%5 years to 10 years6.50%6.00%

Bank of Baroda NRE FD rates Bank of Baroda offers interest rate between 6.75% to 7.25% on tenure from 1 year to 10 years for amounts below Rs 2 crore. The highest rate of 7.25% is offered on Baroda Tiranga Plus Deposit Scheme.Canara Bank NRE FD rates Canara Bank offers interest rate between 6.80% to 7.25% on tenures ranging from 1 year to 10 years for amounts below Rs 2crore. The highest interest rate is paid on tenure of 444 days. Note that NRE Term deposits are auto renewed only once as the Non-resident status is to be confirmed.

TenureRate of Interest1 year only.7444 Days7.25Above 1 year to less than 2 years.6.92 years & above to less than 3 years.6.853 years & above to less than 5 years.6.85 years & above to 10 years.6.7

PNB NRE FD

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