Nov 16, 2022
Here is a quick comparison of NRE fixed deposit interest rates offered by SBI, HDFC Bank, ICICI bank and PNB. (Latest interest rates as per bank websites)
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SBI offers interest rates of up to 6.10%-6.25% on deposits of less than Rs 2 crore for terms of 1- 10 years. If the deposit is withdrawn before one year, no interest is payable. The NRE term deposit rates are applicable from November 1, 2022.
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HDFC Bank offers interest rates ranging from 6.10% to 6.50% for terms ranging from one year to ten years. The most recent rates are effective as of November 7, 2022.
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ICICI Bank offers interest rates ranging between 6.10% and 6.35% for tenures between one year to 10 years. These rates are effective from October 29, 2022.
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Punjab National Bank (PNB) offers interest rates ranging from 6.35% to 6.55% for terms ranging from one year to ten years. These rates are applicable from October 26, 2022.
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Axis Bank offers interest rates ranging from 6.25% to 6.50% for terms ranging from one year to ten years. These rates are applicable from November 15, 2022.
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Canara offers interest rates ranging from 6.25% to 7% for terms ranging from one year to ten years. These rates are applicable from October 31, 2022.
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