NRE Fixed Deposits

NRE Fixed Deposits

*Annualized Yield for 2 years at 5.75% simple interest p.a., compounded quarterly. T&Cs apply.

NRE Fixed Deposit

NRE fixed deposits allow you to grow foreign currency savings in India and earn tax-free interest at competitive interest rates.

DBS Treasures NRE fixed deposits are fully repatriable, though the investment you make is converted to Indian rupees. On repatriation, this amount can be converted into the currency of your choosing. The principal amount and interest earned on NRE fixed deposits are 100% tax-free.

Click here to view interest rates.

Features and Benefits of NRE FD

Both principal and the interest earned on NRE fixed deposits are tax-free in India
You can freely and fully repatriate the principal amount and interest earned to your country of residence with your NRE FD account
You get competitive interest rates on your NRE fixed deposits
You can hold the NRE FD jointly with more than one non-resident Indian
An NRE FD 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 FD

Open NRE Fixed Deposit

Eligibility Criteria

Only Non-Resident individuals of Indian nationality or of Indian origin can apply for NRE fixed deposits.

Open NRE Fixed Deposit

Documents Required to open NRE Fixed Deposit

For NRI (Non-Resident Indian)

Recent passport size colour photograph
Your Indian PAN card or Form 60
Copy of valid passport
Proof of NRI status - Employment/Residence Visa copy or Work / Residence Permit
Address proof (overseas and in India) as per Customer Identification Policy
Additionally, for seafarers: Copy of CDC and last page with disembarkation stamp, current work contract and FEMA declaration

For PIO (Person of Indian Origin)

Recent passport size colour photograph
A valid passport
Valid PIO/OCI card or other proof of PIO status as per Customer Identification Policy
Address proof (overseas and in India) as per Customer Identification Policy
Duly signed and filled-in PIO declaration

Once your DBS Treasures NRE savings account is opened basis the documents listed above, NRE fixed deposits can be booked online through the DBS Treasures internet or mobile banking platforms. You may also choose to submit an FD request form at the nearest DBS Treasures branch in India.