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Non Resident External (NRE) Rupee Accounts

Rate of Interest on Term Deposit under Non Resident External (NRE) Rupee Accounts deposits up to Rs. 2 crore, 01/10/2024 w.e.f:
Maturity Revised date 01/10/2024 (% p.a.)
  Term Deposit of less than Rs. 2 Cr
1 Year 6.30
>1 Year - 443 Days 6.00
444 Days 7.25($)
445 Days - 665 Days 6.00
666 Days 7.30
667 Days- 2 Years 6.00
> 2 Years-998 Days 6.30
999 Days 6.65
1000 Days- <3 Years 6.30
3 years- 5 years 6.00
 

 

NOTE:

(##) Valid for period upto 30.09.2023 only.

($) Valid for period upto 30.11.2023 only.

 
Staff/ Ex-Staff/ Senior Citizens shall NOT BE given any additional benefit over and above the above noted interest rate in NRE term deposit.
 
For payment of interest and penalty on pre-mature withdrawal of term deposits, please visit nearest Punjab & Sind Bank Branch
 
For interest on overdue period of FDRs, please visit nearest Punjab & Sind Bank Branch. However, in case of closure, the interest on overdue period will be paid at applicable Saving Bank rate of interest
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