Apply Now


At a Glance

Park your foreign currency savings and earn high, tax-free interest rates on your DBS Treasures NRE Fixed Deposit account.

DBS Treasures NRE fixed deposit accounts enable you to earn high interest from your foreign currency earnings. DBS Treasures NRE fixed deposits are fully repatriable. Moreover, interest earned on NRE deposits is tax-free in India.


Features and Benefits

  • Both principal and the interest earned on the fixed deposit is tax-free in India
  • You can freely and fully repatriate the principal amount and interest earned to your country of residence
  • You get competitive interest rates on your fixed deposits
  • You can hold the NRE FD jointly with more than one non-resident Indian
  • FDs can be opened for flexible tenures lasting from one year to 10 years
  • You can renew your NRE fixed deposit online in a hassle-free manner
  • You can assign a nominee on your NRE fixed deposit

Interest Rates

Rates w.e.f. 17th September 2020

PeriodLess than INR 2 Crore
1 year to 375 days3.15
376 days to less than 2 years3.15
2 years & less than 2 years 6 months3.35
2 years & 6 months3.35
2 years 6 months 1 day & less than 3 years3.35
3 years & less than 4 years4.35
4 years & less than 5 years4.35
5 years and above4.35

For interest rates on FDs of INR 2 Crore and above, please contact your Relationship Manager or nearest branch.

For more information click here.


Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply.

Apply Now


Documents Required

  • Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature, immigration stamp and visa pages if any)
  • Proof of NRI status, by way of valid Employment/Residence Visa copy or Work / Residence Permit
  • Proof of Overseas and Indian Address (as per Customer Identification Policy)
  • Copy of Indian PAN card or Form 60
  • Recent passport size colour photograph
  • For Seafarer: Current work contract and copy of CDC along with last page of disembarkation stamp & FEMA declaration is required confirming NR status

For PIO (Person of Indian Origin)

  • Copy of valid passport (pages with your name, address, date of birth, date and place of issue, expiry date, photograph, address, signature and observation page, if any)
  • Copy of valid PIO/OCI card or any other proof of PIO status as per Customer Identification Policy
  • Proof of Overseas and Indian Address (as per Customer Identification Policy)
  • Duly signed and filled-in PIO declaration
  • Recent passport size colour photograph

Once DBS NRE Savings account is opened basis above documents, NRE fixed deposit can be booked online through DBS Mobile / Internet Banking Platform. You may also choose to submit an FD request form at the nearest DBS branch.


How to Apply

Apply Now A Relationship Manager will reach out to you shortly


Frequently Asked Questions

NRE fixed deposits enable you to earn high and tax free interest on your foreign currency savings. Principal and interest are freely and fully repatriable.

You can maintain your NRE fixed deposit account in Indian rupees only.

This will depend on the type of term deposit booked. For cumulative deposits interest payment is at the time of maturity. For quarterly pay-out type of term deposit, the interest payment frequency is quarterly.

Yes, it is possible for you to break the FD before the maturity date. However, you need to maintain it for a minimum of 12 consecutive months to earn interest on it. Pre-closure charges as applicable would be levied.

As per current RBI guidelines, funds parked in NRE fixed deposit accounts are completely exempt from taxes in India.

If don’t withdraw your FD upon maturity, it will be automatically renewed for the same tenure if you provide auto renewal instructions. The interest rate prevailing as on the maturity date will be applicable.


Yes you can open the FD jointly with another non-resident Indian and you can assign a nominee for the FD account.

Thank you. Your feedback will help us serve you better.

Was this information useful ?

Thank you for your feedback
Let us know how this article helped:
We're sorry to hear that.
How can we do better?
Enter only letters, numbers or @!$&-/()',.