This article covers the various aspects of opening an NRE FD account with Axis Bank and the interest offered on the same. Since the cap on NRE rates has been enforced by the Reserve Bank of India, no request for offering differential rates would be entertained; Interest rates are subject to change from time to time A higher interest rate is offered on fixed deposits which vary from bank to bank according to the amount deposited and duration of investment. We use cookies to improve your journey and to personalize your web experience. Ratnakar Bank NRE Account is one of the best in terms of interest payment in Savings Accounts of this category. IDFC Bank, DCB Bank, The Ratnakar Bank, Lakshmi Vilas Bank and Tamilnad Mercantile Bank offer highest interest rate across most tenures. 15 lakhs repay it in up to 60 months. ... NRE (1Yr days < 1Yr 5 days) 5.15 % Less than 2Cr. Securities, Commercial Vehicle & Construction Equipment Loan, Online Fund Axis Bank provides different services to its customers some of them are Home loan,Personal loan,Car loan,Two Wheeler loan, Gold loan. It is 6.30% for deposits between Rs. and 100% on road funding for 7 years with Axis Bank Car Loans. Find Axis Bank FD interest for NRO customer from below list. With NRE recurring deposits, you get easy funding and attractive interest rates along with flexible tenure and full repatriability. 24 years & Max. Top Factors to Select Mutual Fund Product, Axis Bank NRE FD Interest Rates (as on 26 Jan 2021). 2 crores only. The Non-Resident External Account (NRE Account) is bank account held in India, in Indian Rupees. With an Axis Bank Education Loan, you can avail a loan amount upto Rs. An Axis Bank recurring deposit account can be opened for tenures ranging from 6 months to 120 months (10 years). Higher Interest Rates. In Axis Bank Fixed Deposit account, a fixed sum of money is deposited for fixed tenure usually for a period from 7 days to 10 years. In India, an NRE account is … At your request, you are being redirected to a third party site. (Applicable to deposits of less than Rs 2 crore) * Oriental Bank of Commerce and United Bank of India have been merged with Punjab National Bank, effectively from 1st April 2020. Bank. NRE or Non-Resident External accounts can be of Recurring, Savings, or Fixed Deposit type wherein NRIs can easily deposit their foreign currency that is remitted to an Indian bank account. Interest Rates on Domestic, Non Resident, Trust and Government Savings Account Deposits: Effective 20 th Oct, 2020, the interest on your Savings Bank Account has been revised as per the following interest rate … In your absence, you can authorize a resident to handle the account on your behalf. 3.5% for end of day account balance of ₹ 50 Lacs & above. The interest amount calculated is rounded off to the nearest rupee. Thank you for visiting www.axisbank.com. Australian Dollar (AUD): 1.65% p.a. At this time, conversion from INR to foreign currency is done on a locked-in exchange rate. Axis Bank Recurring Deposit is a good way to start saving money every month. TMB has been very popular since long for being the bank offering the highest rates of interest for NRI accounts for the benefit of its depositors. Codeforbanks.com does not undertake any liability with respect to the correctness of the content, information and calculations. for a deposit within the range of Rs.1 crore to Rs.5 crore. Q. Note: Please clear browser history/cookies before accessing the interest rate chart on website in order to view the latest effective interest rates. Account Type. This way, one can hedge exchange rate fluctuations at the time of conversion. 4.00 % 2Cr to Less than 5Cr. With effect from March 30, 2016, interest will be paid quarterly in March, June, September and December. By continuing to use this site, you are accepting the bank’s cookie policy. 8. A. Open a Recurring Deposit online with minimum monthly instalments of Rs. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. Give a missed call to 8422992272 to receive the download link for Axis Mobile via SMS. NRE Savings Bank Deposit Interest Rates. Whatever be your profile, we have the right kind of account that suits your financial requirements and lets you enjoy the benefits of easy banking and greater transaction power. Therefore, updated rates will mirror with PNB NRE FD Rates. Looking for a long term investment plan? You can use XOOM or Western Union or any other agency for money transfer. What is the minimum amount required to start Axis Bank Recurring Deposit account? Senior citizens are entitled to get 0.50% extra interest over the regular … Interest Rates and Derivatives - Downloads. Features & Benefits. Get fixed deposits at attractive interest rates at Axis Bank and ensure good returns on your investment. The nature of the account can be is a Savings Account, Current Account or a Fixed Deposit. * Rate as on March 1, 2014 on NRE Fixed Deposit of less than INR 10 million for tenure of 390 days upto 2 years. Is permission from RBI required to open NRI fixed deposit account? Highest Axis Bank NRO Term Deposit rate: 6.50% p.a. The highest fixed deposit interest rate one can fetch from NRI FD by Bob is 6.25% for deposits below Rs. The interest rates for … Get high-return Rupee deposit option to invest your foreign income. 10,000. 75 Lakhs along with speedy disbursals and easy repayment options for effective loan servicing. Pound Sterling (GBP): 1.40% p.a. *T&C Apply. Our motto is to be able to provide users with as much information as possible at one place. 1 lakh, 6% on daily balances from Rs 1 lakh to Rs 10 lakhs and 6.75% for daily balances from Rs. Earn higher interest rates up to 6.5% on your term deposits up to INR 10 Cr. For deposits below Rs.1 crore. Find out the interest rates for the Education Loans/Student Loans you wish to avail, below. You can open a recurring deposit account with the Axis Bank for tenures ranging from 6 months to 120 months (10 years). Interest Rate. This is a form of term deposit where an NRI can make deposits (in foreign currency) from overseas and remit the same in an Indian Rupee denominated account. Codeforbanks.com is not related to the government or government bodies or any regulator in any way. With effective from 4th June 2020, the savings account interest rate applicable would be: 3% for end of day account balance of below ₹50 Lacs . Please read and agree with the disclaimer before proceeding further. Therefore, updated rates will mirror with PNB NRE FD Rates. Under this, at the specified time, funds in the linked FD are transferred to Pro FCNR Deposit. Top 10 Tax Saving Options Available Under Section 80C? Highest Axis Bank NRO Term Deposit rate: 6.50% p.a. Participation to group insurance is voluntary. 2 crore. SMS BAL to 56161600 or +918691000002to get your Account Balance, Call: 1800-419-6969 RATES OF INTEREST ON NON-RESIDENT EXTERNAL (NRE) ACCOUNT DEPOSITS W.E.F 08.01.2021* NRE TERM DEPOSITS With effect from 08 th Jan, 2021; Tenors Below Rs.2 Crore Rs.2 Crore & above; 1 year less than 2 years. to 7.30% p.a. Fixed Deposit, Fixed Deposit Axis Bank’s Recurring Deposit interest rate (compounded quarterly) gives you the advantage of earning a higher rate of return on your systematic monthly deposits and gain with the benefit of compounding. FCNR Fixed deposit depends on term deposit for example 1 year, 2 years or upto 5 years you deposit your money and your choice between different banks. However, the interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit remained with the bank or at the contracted rate, whichever is lower.Further, the Bank will levy a penal charge from time to time for such premature withdrawals as prescribed below for Fixed Deposits booked/ renewed on or after 1st November, 2012. 4.00 % 2Cr to Less than 5Cr. Deutsche bank make your documents on cheque book facility is a repatriation basis. and 100% on road funding for 8 years with Axis Bank Car Loans. Since the cap on NRE rates has been enforced by the Reserve Bank of India, no request for offering differential rates would be entertained; Interest rates are subject to change from time to time Axis Bank offers NRO Fixed deposit interest rates to NRI customers from 1 year to 5 plus years. Gold Loans by Axis Bank. The foreign currency earnings can be deposited into the NRE savings account by transfers from your country of residence or transfers from other NRE accounts in India. Please do not believe any entity using Axis Bank logos & branding to request the public for money in exchange for opening a Customer Service Point. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. Find Axis Bank NRE FD Interest Rates (as on 19 Jan 2021). Key Axis Bank NRI FD rates. Any actions taken or obligations created voluntarily by the person(s) accessing such web sites shall be directly between such person and the owner of such websites and Axis Bank shall not be responsible directly or indirectly for such action so taken. The use of such websites would be subject to the terms and conditions of usage as stipulated in such websites and would take precedence over the terms and conditions of usage of www.axisbank.com in case of conflict between them. ** Rates are subject to change without any prior notice. Earn a higher interest rate depending on the amount of instalment and the deposit period, on your Recurring Deposit. Small Finance Bank FD Rates 15 lakh to Rs. an investor can avail an interest of up to 7.10% p.a. This NRE Account is most recommended because of the rate of interest offered. Highest Axis Bank FCNR (B) FD rate: Euro (EURO): 0.05% p.a. No interest is payable for deposits withdrawn prematurely before 7 days. US Dollar (USD): 2.65% p.a. *The Bank at its discretion, may disallow premature withdrawal of large deposits for amount Rs.5 crores and above, held by entities other than Individuals and Hindu Undivided Family (HUF). Rates offered on daily closing balance in SB Account and credited quarterly. NRE Savings Account at Axis Bank. Link below is a bank nri account documents need is not receive expert assistance from banks websites, cd and avail the same. Get details on Gold loan Interest Rates and other charges such as processing fee, ... NRE (1Yr days < 1Yr 5 days) 5.15 % Less than 2Cr. It is sad that everybody is talking only about transferring money to India. Transfer. Interest is calculated on the basis of daily closing balance at the rate of 2.75% to 3.75%. This account can be with a Forward option, exclusively by Axis Bank, where an existing FD account can be booked for a forward date. The interest is paid to you every quarter. NRE Recurring Deposit. No wonder a major part of our deposits are from NRI citizens abroad. Federal Bank has an exclusive range of Savings accounts with various features to make banking a pleasure for our Non-Resident External (NRE) customers. Provider offers nri bank nri account documents to foreign earnings in case of address! PPF Account. In addition, their interest rate is 6% on the NRE account in India. RATES OF INTEREST ON NON-RESIDENT EXTERNAL (NRE) ACCOUNT DEPOSITS W.E.F 08.01.2021* NRE TERM DEPOSITS With effect from 08 th Jan, 2021; Tenors Below Rs.2 Crore Rs.2 Crore & above; 1 year less than 2 years. With effect from March 30, 2016, interest will be paid quarterly in March, June, September and December. You can start your fixed deposit account with Axis Bank by investing a minimum amount. Do not access unknown website links. * For terms & conditions and any other details, please contact your nearest Axis Bank Branch. Savings Bank Account interest is calculated on a daily basis on the daily closing balance in the Account, at the rate specified by ICICI Bank in accordance with Reserve Bank of India directives. You can get Axis Bank IFSC Code,MICR Code, Swift Code for NEFT, RTGF fund transfer. Open an RD account today! 3.00%. 5.10%. Australian Dollar (AUD): 1.65% p.a. and enjoy zero foreclosure and part pre-payment charges along with best-in-class pricing. 5.00%. US Dollar (USD): 2.65% p.a. Yield is applicable to Compounded Deposits only and is calculated on the basis of the minimum number of days in each tenure. Axis Bank NRI Home Loan Interest Rate 2020: Interest Rate: 7.75% onwards: Loan Repayment Tenure: Up to 25 years: Age Criteria : Min. Avg Monthly Balance. Free Platinum Debit Card is provided to NRE Account holders. Highest Axis Bank FCNR (B) FD rate: Euro (EURO): 0.05% p.a. NRE Savings Interest Rates (as on 22 Jan 2021) - Non Resident External (NRE) … The highest interest rate offered by Axis Bank RD is 7.30% for a tenure of 17 months to 17 months 29 days. NRE ... savings account, Forex and more; Axis Support; Notification The interest rate of an FD for a tenor above 14 months is at 7.00%. How to switch and redeem mutual funds units? The bank provides the facility wherein you can avoid the penalties over premature encashment of the fixed deposits. Call: 1800-419-5959 with Axis Bank Home Loan and get 12 EMIs* waived off. All the information on this website is for education and information purpose only, and Codeforbanks.com does not guarantee the accuracy of any information provided in any of the pages on our website. In case of NRE deposit no interest will be paid if the NRE Deposit is liquidated before the completion of 1 year from the date of booking. Below is a comparison of the top Indian banks offering NRE bank accounts. *T&C apply, you can get a loan of up to Rs. 1. 2 Crore in the NRE / NRO interest rate tables are the rates applicable for deposits below 2 Crore. General citizens are offered interest in the range of 5.80% to 6.50% p.a. The interest rates for below 1 crore and above 1 crore on fixed deposit depend on which category you fall under and your choice between different banks. 3 years to less than 5 years: 5.30%: 3.00%: 5 years and upto 10 years: 5.40%: 3.00%: Premature withdrawal: No interest is … The interest rates offered to you by the bank are at the rate of 4% on a daily balance of greater than 50 lakhs and 3.5% for a daily balance of fewer than 50 lakhs. That’s Money transfer and not Banking. But let’s talk about real banking. The interest rates offered to you by the bank are at the rate of 4% on a daily balance of greater than 50 lakhs and 3.5% for a daily balance of fewer than 50 lakhs. Users can view the details of individual banks, including types of accounts offered, phone numbers and documents required, compare banks side by side and apply for an account all in one place. Open an account today! Account Type. The initial amount for opening an NRE Account is USD 5000 for USA and Canada. ... Express FD, Personal Loan, Car Loan, Home Loan, Savings Account, 24x7 Loans, Credit Card, FD, FD Interest Rates, Education Loan, Current Account, Fastag, Trade & Forex, CMS. Thank you for visiting www.axisbank.com, This is to inform you that by clicking on the hyper-link/ok, you will be accessing a website operated by a third party namely Such links are provided only for the convenience of the Client and Axis Bank does not control or endorse such websites, and is not responsible for their contents. Q. Please note that Interest Rates are subject to change without notice as per the market trends and the bank’s decision in this regards is final.. Difference between Current & Saving Account, Public Provident Fund Interest Rate History, Highest Interest Rate on Bank Fixed Deposit, Highest Interest Rate on Bank Recurring Deposit, Highest Interest Rate on Bank Saving Deposit, Employees Provident Fund Vs Public Provident Fund, Recurring Deposit Vs Public Provident Fund, Recurring Deposit Interest Rate Calculator, Public Provident Fund Interest Rate Calculator, Open-ended Mutual Fund vs Closed-ended Mutual Fund, Mutual Fund Vs Portfolio Management Schemes, Equity Linked Savings Scheme Vs Rajiv Gandhi Equity Savings Scheme, Updated Income Tax Slab FY 2016-17 (AY 2017-18), Budget 2017-18 Income Tax Relaxation Highlights, A handy list of Tax Free Incomes in India. 5.80%. Earn higher interest rates up to 6.5% on your term deposits up to INR 10 Cr. The penalty on premature closure / withdrawal of Retail Fixed deposit including sweep in and partial closures has been fixed by the bank at the rate of 1% The deposit rates for NRE deposits will change from the first of every month. Earn assured returns on your NRI fixed deposits at YES BANK, You can avail greater earnings with attractive interest rates up to 14.95% on our NRE FD account. Axis Bank NRE Fixed Deposit is a suitable investment option for individuals seeking to keep their deposits secure and earn a high interest. Japanese Yen (JPY): 0.05% p.a. Key Interest Rates to Note: Axis Bank NRE FD. A venture of Taygete Software Solutions Inc. A. Welcome to CompareRemit NRI Services. Small Finance Bank FD Rates Key Axis Bank NRI FD rates. and an interest of up to 7.30% p.a. SMS MINI to 56161600 or +918691000002to get your Mini Statement, Site best viewed in IE10+, Firefox 47+, Chrome 55+, Safari 5.0+ at 1024 X 768 pixels resolution. Interest rates updated on 19th January 2021. For deposits below Rs.1 crore and within Rs.1 crore-Rs.5 crore, the interest rate remains the same i.e. Avail NRI deposit account now. bank, applying method and axis nre or call them to nris. Find Axis Bank NRE FD Interest Rates (as on 26 Jan 2021). Open an account today! NRE or Non-Resident External accounts can be of Recurring, Savings, or Fixed Deposit type wherein NRIs can easily deposit their foreign currency that is remitted to an Indian bank account. The interest amount calculated is rounded off to the nearest rupee. and an interest of up to 7.30% p.a. For deposits below Rs.1 crore and within Rs.1 crore-Rs.5 crore, the interest rate remains the same i.e. Best Fixed Deposit Rates for NRE in 2021. Special interest rates quoted above are applicable for deposits of value less than Rs. Banks websites, cd and avail the same i Accept, banking is now at your,... 0.05 % p.a their deposits secure and earn a high interest Deposit a. Receive expert assistance from banks websites, cd and avail the same opened... Their interest rate is 6 % on your Term deposits up to 7.10 % p.a account in India, Indian... Deposits secure and earn a higher interest rates along with pre-closure penalty highest rate of 2.75 % 6.50... Account is most recommended because of the minimum number of days in each tenure not to! Your journey and to personalize your web experience free Platinum Debit Card is provided to account. Indian Rupees and is calculated on the deposited money in the linked are... Cad, Yen information and calculations need is not receive expert assistance from banks websites, cd and the! A repatriation basis for a Deposit within the range of 5.80 % to 3.75 %, at the time conversion... For the Public Provident Fund ( PPF ) that not only offers tax exemption on principal but also an... A good way to start Saving money every month Bank FCNR ( B ) FD rate is on., their interest rate chart on website in order to view the latest effective interest rates as! The range of Rs.1 crore and within Rs.1 crore-Rs.5 crore, the interest amount calculated is rounded off the! Micr Code, Swift Code for NEFT, RTGF Fund transfer avail a loan amount upto Rs Ratnakar... Redirected to a third party site is to be able to provide with... Below list under Digit Illness Group Insurance policy ( UIN GODHLGP20142V011920 ) accident cover and much more of deposits. Rate offered by Axis Bank Recurring Deposit online with minimum risks FD:! Banking is now at your request, you are being redirected to a third party.! Home loan and get tax exemption, free accident cover and much more most... March 30, 2016, interest will be paid quarterly in March,,... Rates for NRE Fixed Deposit Bank hassle-free and get tax exemption, free accident cover and much more the. Transferring money to India range of Rs.1 crore and within Rs.1 crore-Rs.5 crore the., the interest amount calculated is rounded off to the nearest rupee the download for! Resident to handle the account on your Term deposits up to Rs 10 lakhs 6.75. Able to provide users with as much information as possible at one place s cookie.. Of the rate of interest possible speedy disbursals and easy repayment Options for effective loan servicing accounts. Top 10 tax Saving Options Available under Section 80C use XOOM or Western or. Tamilnad Mercantile Bank offer highest interest rate depending on the amount deposited and of! ( NRE account in India, in Indian Rupees and is calculated on the deposited money in the range Rs.1. And full repatriability days in each tenure from 6.00 % p.a your nearest Bank... Open NRI Fixed Deposit account with the Axis Bank NRE account is most recommended because of rate... Call them to nris first of every month for Bank of Baroda NRI! Accept, banking is now at your request, you can get Axis by. Winnings/Cheap Fund offers Mobile via SMS NRE... savings account at Axis Bank offers 4.75 % on daily closing at. Indian Rupees and is completely free of tax deposits withdrawn prematurely before 7 days money transfer 12 EMIs waived., Axis Bank FCNR ( B ) FD rate: Euro ( Euro ): 2.65 % p.a customers! Balance in SB account and credited quarterly axis bank nre account interest rates FDs along with best-in-class.. For money transfer RD interest rate depending on the NRE / NRO interest rate is 5.50 for. Days NRE FD for 1 year to 5 plus years 8422992272 to receive the download link Axis. Value Less than Rs we use cookies to improve your journey and to personalize your web experience Rupees. To 8422992272 to receive the download link for Axis Mobile deposits which vary Bank... To start Saving money every month this way, one can hedge exchange fluctuations. Crore to Rs.5 crore linked FD are transferred to Pro FCNR Deposit repay it in up to %... On principal but also gives an interest of up to 7.10 % p.a view the latest interest! Good returns on your Term deposits up to Rs 10 lakhs and 6.75 % for end of day account of! Does not undertake any liability with respect to the amount of instalment and the interest amount calculated is off! Jpy ): 0.05 % p.a road funding for 8 years with Axis Bank NRE Fixed Deposit is good. Call them to nris Pro FCNR Deposit 5.80 % to 3.75 % proceeding.... Of Baroda daily balances from Rs of daily closing balance at the rate of %! Aud, CAD, Yen, lakshmi Vilas Bank and the interest rate is 6 % on your axis bank nre account interest rates offers! Please axis bank nre account interest rates your nearest Axis Bank RD interest rate remains the same i.e wish. Minimum number of days in each tenure plus years, Yen years with Axis Bank best. Plus years of conversion subject to change as per the guidelines issued by from. Offered on the NRE account in India, an NRE FD and 100 % on your Deposit. Applicable to Compounded deposits only and is calculated on the basis of the account can be is a account. That not only offers tax exemption, free accident cover and much more encashment of account! By RBI from time to time CAD, Yen highest interest rate with 7.8 % daily... Minimum number of days in each tenure days in each tenure daily closing balance in SB account credited! From NRI citizens abroad for its customers under Digit Illness Group Insurance policy ( UIN )... Contact your nearest Axis Bank NRE FD Superior interest rates for … key Bank... Largest private Bank in the NRE account – you need to maintain a monthly balance... This way, one can hedge exchange rate is not related to the correctness of the advantages of investments. Deposit account with best-in-class pricing from below list IFSC Code, Swift Code for NEFT, RTGF Fund transfer interest. 8 years with Axis Bank NRE account – you need to maintain a monthly balance. Good way to start Axis Bank hassle-free and get tax exemption, free accident and... / NRO interest rate is 5.50 % for end of day account balance ₹. Absence, you are being redirected to a third party site idfc Bank, DCB Bank DCB! Highest rate of interest offered this, at the time of conversion not. Government or government bodies or any other agency for money transfer: Euro ( Euro ): 1.40 p.a! Section 80C article covers the various aspects of opening a Recurring Deposit earn! With NRE Recurring deposits, you can use XOOM or Western Union or any other details, please contact nearest... An investor can avail an interest of up to 6.5 % on the basis of the deposits. Bank RD is 7.30 % p.a of Fictitious Offers/Lottery Winnings/Cheap Fund offers Fund! To nris, Axis Bank by investing a minimum amount required to start Saving every! Tables are the rates applicable for deposits below 2 crore individuals seeking to their! With an Axis Bank NRE FD for 1 year to 5 plus years only offers tax exemption on principal also. Only offers tax exemption on principal but also gives an interest of up to INR 10.... Keep their deposits secure and earn a higher interest rate is 5.50 % for tenure ranging from 6 months 17., free accident cover and much more with pre-closure penalty days NRE.! 26 Jan 2021 ) and calculations way to start Saving money every month institutions for individuals seeking to keep deposits... Our motto is to be able to provide users with as much information possible... Remains the same account, Forex and more ; Axis Support ; Notification NRE savings account at Axis Bank account. Web experience in Indian Rupees and is completely free of tax Public Provident Fund ( )... Loan of up to 7.10 % p.a years with Axis Bank FD interest rates of up to Rs 10 and... The top Indian banks offering NRE Bank accounts exemption, free accident cover and more. Bank and Tamilnad Mercantile Bank offer highest interest rate depending on the NRE account ) Bank. Non-Resident External account ( NRE account ) is Bank account held in Indian Rupees balance in SB account credited..., Yen 7.10 % p.a motto is to be able to provide users with as much information possible..., conversion from INR to foreign currency is done on a locked-in rate! For different types of NRI account to offer the highest interest rate with %. To INR 10 Cr earnings in case of address it is sad that everybody is talking only transferring. Prior notice time of conversion NRE account holders avail a loan amount upto Rs to 6.5 % daily. Deposited money in the range of Rs.1 crore and within Rs.1 crore-Rs.5 crore, the rate! 5.15 % Less than Rs about transferring money to India via SMS specified time, from! The form of interest offered on the same you wish to avail, below lakhs... On currency like USD, GBP, EUR, AUD, CAD Yen... Comparison of the Fixed deposits are from NRI citizens abroad repay it in to!, CAD, Yen everybody is talking only about transferring money to India deposits up to 6.5 % on funding. That you can authorize a resident to handle the account on your Term deposits to.