NRIs can open an NRE fixed deposit to save their foreign earnings in Indian rupees and get attractive exchange rates on conversion of their foreign currency into INR. 2 crore range between 6.50% to 7.00% per annum. State Bank of India is the leading public sector Indian international bank that offers NRE fixed deposits to Non-Resident Indians.
Citi India customers are now served by Axis Bank. *Note: Axis Bank has acquired the Citibank India’s consumer banking business effective March 1, 2023.
NRE FD Rates in India 2023 for deposits less than Rs.
