NRE Fixed Deposit Rates 2026 — Compare Top Indian Banks

Compare NRE fixed deposit interest rates across SBI, HDFC, ICICI, Axis Bank, Kotak Mahindra Bank and YES Bank for 1, 2, 3 and 5 year tenures. NRE FD interest is tax-free in India and the principal and interest are fully repatriable to your country of residence.

NRE FDs are one of the most popular investment options for NRIs because the interest earned is exempt from Indian income tax under the Income Tax Act. Returns are denominated in Indian Rupees, so exchange rate movements affect the effective return in your home currency.

Current NRE FD rates (June 2026) range from 6.5% to 8.0% per annum depending on the bank and tenure. Smaller private banks and small finance banks offer higher rates but carry higher risk. Stick to major scheduled commercial banks for principal safety.