SBI NRI Services - NRE Fixed Deposit Interest Rate

NRE TERM DEPOSITS With effect from 01st August, 2019
Tenors Below Rs.2 Crore Rs.2 Crore & above

1 year less than 2 years

6.80%

6.70%

2 years to less than 3 years

6.70%

6.70%

3 years to less than 5 years

6.60%

6.60%

5 years and upto 10 years

6.50%

6.50%

Premature withdrawal

  • No interest is payable if the deposit is withdrawn before one year.
  • No interest is payable if the deposit is withdrawn before one year.
  • Effective 01st April 2017, Penalty for Premature Withdrawal for Retail Term Deposits will be applicable as under:

Description Penalty (All Tenors)
Up to Rs.5.00 lacs 0.50%
Above Rs.5.00 lacs but below Rs.1 Crore 1%
  • The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.

  • On pre-mature withdrawal of the deposit (after completion of 1 year), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower.

*Rates are subject to change, without prior notice.