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Savings & depositsPublished research

NRI Deposits in India

Compare NRE, NRO, FCNR(B), non-callable and recurring-deposit structures using account-state purpose, INR versus foreign currency, dated rate evidence, tax/repatriation treatment, instalment or amount rules, liquidity and forward-cover conditions without flattening every NRI deposit into one FD category.

Browse 28 profiles Research methodology
Published research

Start with the exact product and its reviewed terms.

Every profile keeps its bank relationship, conditions, cautions, verification date and first-party evidence separate.

28of 28 profiles shown

28 profiles visible.

Axis BankFixed deposit

Axis Bank FCNR(B) Deposit

Axis Bank's FCNR(B) deposit supports six foreign currencies for 1-to-5-year terms with full repatriability and current currency-specific FCNR pricing.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceAxis’s public rate hub states FCNR/RFC rates are effective from 4 September 2026; the engine keeps the currency table refresh-gated instead of copying an incomplete public snippet.
Best fitAxis NRI customers who want to keep eligible overseas funds in USD, GBP, EUR, JPY, AUD or CAD rather than convert into INR.
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Axis BankRecurring deposit

Axis Bank NRE Recurring Deposit

Axis Bank’s NRE recurring deposit is a monthly INR deposit for eligible overseas funds, with a one-year minimum tenure, tax-free interest and full repatriability.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceAxis links the product to its live NRE recurring-deposit rate resource; exact numeric rates remain refresh-gated instead of borrowing resident senior columns.
Best fitNRIs/PIOs/OCIs who want to save overseas earnings monthly and can commit to at least a one-year NRE RD.
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Axis BankFixed deposit

Axis Bank NRE Rupee Deposit

Axis Bank's NRE rupee term deposit for foreign NRI funds, with full repatriability, Indian tax exemption and a one-year minimum interest-earning tenure.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceAxis’s current NRI Fixed Deposit schedule is effective 8 September 2026; the public rate page highlights 6.25% for 1 year to 1 year 10 days and 6.50% for the 18-month-to-under-2-year band below ₹3 crore.
Best fitAxis NRI customers who want an INR term deposit with full NRE repatriability and access to current Axis NRI deposit rates.
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Axis BankFixed deposit

Axis Bank NRI Fixed Deposit Plus

Axis Bank’s high-value NRI Fixed Deposit Plus is available in NRE and NRO variants and explicitly disallows premature withdrawal, with a separate large-deposit rate schedule.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceAxis’s current rate hub marks the NRI Fixed Deposits Plus schedule effective 26 August 2026; exact rate depends on NRE versus NRO, tenure and large-deposit amount band.
Best fitNRI depositors placing ₹3 crore or more who can commit funds to maturity and want a non-callable NRE/NRO structure rather than an ordinary callable rupee deposit.
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Axis BankFixed deposit

Axis Bank NRI-Pro Foreign Currency Deposit

Axis NRI-Pro Foreign Currency Deposit links an NRE deposit with a forward cover so the customer can lock an exchange-rate path and receive a foreign-currency outcome at maturity.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceAxis does not publish one durable headline yield because the outcome combines the deposit return and the forward/exchange-rate structure; the live transaction quote controls.
Best fitNRIs who want an NRE forward-cover structure with foreign-currency maturity exposure and can hold through the selected contract horizon.
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Axis BankRecurring deposit

Axis Bank NRO Recurring Deposit

Axis Bank’s NRO recurring deposit is a monthly deposit for NRI Indian-source rupee funds, with shorter tenure options and NRO tax/repatriation treatment.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceAxis links the product to its live recurring-deposit rate resources; exact numeric NRO RD rates remain refresh-gated rather than inferred.
Best fitNRIs/PIOs/OCIs who want systematic saving from NRO funds over 6 months to 10 years.
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Axis BankFixed deposit

Axis Bank NRO Rupee Deposit

Axis Bank's NRO rupee deposit offers 7-day-to-10-year tenures for Indian-source NRI funds with taxable interest and conditional outward remittance.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceAxis publishes current NRI/deposit rate schedules by effective date; this profile does not infer an NRO tenure curve from the NRE-only key-rate snippets shown on the public rate page.
Best fitAxis NRI customers who want to term-deposit Indian-source rupee balances and may value partial withdrawal or NRO repatriation facilities.
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Federal BankRecurring deposit

Federal Bank Crorepati FSF

Federal Bank Crorepati FSF is an NRI recurring-deposit scheme built around a targeted fixed maturity value, funded systematically from NRE-compatible sources.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceThe bank directs customers to its live deposit-rate page for the applicable return; the engine does not infer a rate from the targeted maturity name.
Best fitNRI customers who prefer a goal/maturity-value recurring plan and can use the NRE standing-instruction route over the selected scheme horizon.
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Federal BankFixed deposit

Federal Bank Deposit Plus (Non-Callable)

Federal Bank’s non-callable Deposit Plus for high-value resident and NRO term deposits, with a separate premium rate ladder and no normal premature closure.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceDeposit Plus rates effective 17 August 2026 reach 6.85% p.a. for general customers and 7.35% p.a. for eligible senior citizens at the reviewed 48-month tenor.
Best fitDepositors with more than ₹1 crore who are certain they can hold to maturity and want to compare a non-callable premium rate with ordinary callable Federal Bank FDs.
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Federal BankFixed deposit

Federal Bank FCNR(B) Deposit

Federal Bank's FCNR(B) deposit supports a broad foreign-currency set and publishes separate ordinary and high-value/special rate resources rather than one universal yield.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceFederal publishes a currency-specific FCNR(B) schedule effective 16 June 2026 and separate high-value/special pricing. Because some 3–5-year USD figures are tied to the temporary FCNR Max/RBI swap facility, the engine does not flatten them into an ordinary evergreen FCNR rate table.
Best fitFederal Bank NRI customers who want foreign-currency term deposits and are prepared to compare the exact currency, amount band and whether a temporary/special scheme applies.
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Federal BankRecurring deposit

Federal Bank Fed Flexi Smart SaverRD

Federal Bank’s Fed Flexi Smart SaverRD is an NRI-only variable recurring deposit with no fixed monthly due date and instalments allowed up to ten times a chosen core amount.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceFederal describes assured returns and the product as tax free/repatriable; the live rate resource controls the booked return and no synthetic maximum is stored.
Best fitNRI customers who want NRE-style tax/repatriation treatment but need more monthly-contribution flexibility than a conventional fixed-instalment RD.
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Federal BankFixed deposit

Federal Bank NRE Deposit Plus

Federal Bank’s non-callable NRE Deposit Plus for high-value NRE term deposits, using a separate premium rate ladder in exchange for giving up ordinary premature-withdrawal flexibility.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceNRE Deposit Plus rates effective 17 August 2026 run from 6.35% at 1 year to 6.85% at 48 months for the reviewed below-₹3-crore band.
Best fitNRE depositors with more than ₹1 crore who are certain they can hold to maturity and want to compare the premium non-callable ladder with Federal’s ordinary callable NRE FD.
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Federal BankFixed deposit

Federal Bank NRE Fixed Deposit

Federal Bank's NRE term deposit with a current 17 August 2026 rate ladder, one-year minimum tenure and no NRI senior-citizen rate addition.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceFor single deposits below ₹300 lakh effective 17 August 2026, the reviewed NRE schedule runs from 6.25% at 1 year to a 6.70% 48-month rate, with 6.40%–6.50% across surrounding bands.
Best fitFederal Bank NRI customers who want an INR NRE term deposit with a clearly published current tenure ladder.
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Federal BankFixed deposit

Federal Bank NRO Fixed Deposit

Federal Bank's NRO fixed deposit uses the bank's current resident/NRO term-deposit rate ladder while retaining NRO taxation and repatriation treatment.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceFederal states resident term-deposit rates are also applicable to NRO Fixed Deposits; the reviewed schedule effective 17 August 2026 reaches 6.70% at 48 months for the general/NRO rate.
Best fitFederal Bank NRI customers who want to term-deposit Indian-source rupee funds with access to the bank’s ordinary callable deposit ladder.
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Federal BankFixed deposit

Federal Bank Rupee Plus

Federal Rupee Plus is an NRE-linked forward-cover structure: the bank opens an FCNR deposit and simultaneously books a forward contract so the maturity proceeds are delivered in repatriable Indian rupees at a pre-agreed conversion framework.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceReturn is the applicable FCNR interest plus the forward premium on the chosen currency at opening; the premium varies daily, so no evergreen single percentage is stored.
Best fitNRI customers who specifically want a forward-covered NRE structure and can accept a fixed maturity conversion setup rather than ordinary FD liquidity.
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HDFC BankFixed deposit

HDFC Bank FCNR(B) Deposit

HDFC Bank's FCNR(B) term deposit keeps eligible NRI funds in one of seven foreign currencies, with fully repatriable principal/interest and a currency-specific dated rate table.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceRates are currency- and tenure-specific. The reviewed schedule effective 1 September 2026 ranges, for example, from 3.80% USD and 3.75% GBP at 1 year to under 2 years, with different rates for EUR, JPY, AUD, CAD and SGD.
Best fitNRIs who want a bank term deposit without converting the principal into INR and whose home/earning currency matches one of HDFC’s supported FCNR currencies.
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HDFC BankFixed deposit

HDFC Bank NRE Fixed Deposit

HDFC Bank's rupee NRE term deposit for eligible overseas funds, with a 1-to-10-year tenure, full repatriability and Indian tax-exempt interest under current NRE treatment.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceFor deposits below ₹3 crore, the reviewed Domestic/NRO/NRE schedule effective 19 August 2026 pays 6.25% at 1 year, 6.45% around the 18-month-to-3-year bands and 6.50% in the 3-year-1-day to under-4-year-7-month band. Senior-citizen additions do not apply to NRIs.
Best fitNRIs/PIOs who want to convert eligible overseas funds into an INR term deposit while preserving full repatriability and NRE tax treatment.
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HDFC BankRecurring deposit

HDFC Bank NRE Recurring Deposit

HDFC Bank’s NRE recurring deposit combines fixed monthly instalments with NRE tax/repatriation treatment and rates stated to be at par with NRE fixed deposits.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceThe reviewed NRE RD uses rates at par with HDFC NRE Fixed Deposits; current comparable anchors therefore follow the bank’s NRE FD schedule rather than a separate promotional maximum.
Best fitNRIs who want systematic monthly saving from eligible NRE funds and can keep the deposit for at least one year.
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HDFC BankFixed deposit

HDFC Bank NRO Fixed Deposit

HDFC Bank's NRO rupee fixed deposit for Indian-source NRI funds, with tenures from 7 days to 10 years, taxable interest and NRO repatriation rules.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceThe same reviewed below-₹3-crore Domestic/NRO/NRE schedule effective 19 August 2026 applies to ordinary callable NRO deposits; senior-citizen additions do not apply to NRIs.
Best fitNRIs/PIOs who need to term-deposit Indian-source rupee balances and can work within NRO tax and outward-remittance rules.
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HDFC BankRecurring deposit

HDFC Bank NRO Recurring Deposit

HDFC Bank’s NRO recurring deposit is a systematic rupee deposit for NRI funds, with shorter starting tenures than NRE RD and interest taxable under NRO treatment.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceHDFC states NRO RD rates are at par with NRO Fixed Deposits; the engine uses the current NRO FD schedule only for stored comparable anchors.
Best fitNRIs who want to save Indian-source or other permitted NRO rupee funds monthly and need a tenure starting below one year.
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ICICI BankFixed deposit

ICICI Bank FCNR(B) Fixed Deposit

ICICI Bank's FCNR(B) deposit keeps NRI funds in five supported foreign currencies with tax-free Indian interest and full repatriability.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceThe applicable interest rate is fixed at booking and varies by currency and tenure; ICICI directs customers to its dated FCNR(B) rate schedule rather than one universal headline rate.
Best fitNRIs/PIOs/OCIs who want to keep foreign earnings in the same currency rather than convert into INR before placing a term deposit.
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ICICI BankFixed deposit

ICICI Bank NRE Fixed Deposit

ICICI Bank's callable NRE fixed deposit for overseas NRI funds, with a 1-year minimum tenure, tax-free Indian interest and full repatriability.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceICICI’s reviewed callable retail schedule effective 18 June 2026 reaches 6.50% in the 3-year-1-day to 10-year bands below ₹3 crore; senior-citizen additions do not apply to NRI deposits.
Best fitNRIs/PIOs/OCIs who want an INR fixed return on eligible overseas funds with full NRE repatriability.
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ICICI BankRecurring deposit

ICICI Bank NRE Recurring Deposit

ICICI Bank’s NRE recurring deposit is a monthly NRI savings product funded from an active NRE relationship, with tax-exempt interest and full repatriability.

First-party checked1 bank sourceReviewed September 10, 2026
Current rate evidenceThe current NRI RD page publishes no single durable headline rate in the captured product evidence; the contracted rate is the live NRI RD rate at booking and interest compounds quarterly.
Best fitICICI NRE customers who want a fixed monthly saving plan for overseas earnings over a 1-to-10-year horizon.
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ICICI BankFixed deposit

ICICI Bank NRO Fixed Deposit

ICICI Bank's callable NRO fixed deposit for Indian-source NRI balances, with short-tenure availability, taxable interest and conditional principal repatriation.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceICICI’s reviewed callable retail FD schedule effective 18 June 2026 applies to NRO deposits; the current NRI product page separates NRO taxation from NRE tax-free treatment.
Best fitNRIs/PIOs/OCIs who want to lock Indian-source rupee funds while keeping NRO-compliant outward-remittance treatment.
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ICICI BankRecurring deposit

ICICI Bank NRO Recurring Deposit

ICICI Bank’s NRO recurring deposit is a systematic monthly deposit for India-based NRI income, with taxable interest and NRO repatriation treatment.

First-party checked1 bank sourceReviewed September 10, 2026
Current rate evidenceThe current NRI RD page leaves the exact numeric rate to the live rate resource; interest compounds quarterly and NRO interest is subject to TDS under applicable law.
Best fitICICI NRO customers who want a fixed monthly saving plan beginning from a six-month tenure.
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Kotak Mahindra BankFixed deposit

Kotak Mahindra Bank FCNR(B) Deposit

Kotak's FCNR(B) deposit holds NRI funds in five foreign currencies, with a current 1 September 2026 currency-by-tenure rate table and full repatriability.

First-party checked2 bank sourcesReviewed September 10, 2026
Current rate evidenceRates effective 1 September 2026 are currency-specific: at 1 year to under 2 years the reviewed table shows 4.00% USD, 4.00% GBP, 2.55% EUR, 4.35% AUD and 1.25% SGD for the displayed lower-value USD band.
Best fitKotak NRI customers who want to retain foreign currency and can choose among USD, GBP, EUR, AUD and SGD term-deposit tenures.
View research
Kotak Mahindra BankFixed deposit

Kotak Mahindra Bank NRE Fixed Deposit

Kotak's NRE fixed deposit for repatriable overseas funds, using the bank's current Domestic/NRO/NRE callable rupee rate schedule.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceThe reviewed Domestic/NRO/NRE callable schedule effective 10 June 2026 peaks at 6.80% in the 2-year-to-under-3-year band below ₹3 crore; NRI deposits do not receive resident senior additions.
Best fitKotak NRI customers who want a rupee term deposit with full NRE principal/interest repatriability and Indian tax-exempt interest.
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Kotak Mahindra BankFixed deposit

Kotak Mahindra Bank NRO Fixed Deposit

Kotak's NRO fixed deposit for Indian-source NRI funds, using the current shared Domestic/NRO/NRE rupee rate schedule with NRO tax and repatriation treatment.

First-party checked3 bank sourcesReviewed September 10, 2026
Current rate evidenceThe current callable schedule effective 10 June 2026 peaks at 6.80% in the 2-year-to-under-3-year band below ₹3 crore; NRI deposits do not receive resident senior additions.
Best fitKotak NRI customers placing Indian-source rupee funds into a term deposit while retaining NRO-compliant repatriation.
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How to compare

Check the terms that can change the decision.

Category membership alone does not make products interchangeable. Recheck the bank's current controlling agreement, tariff or effective-rate table before acting.

01

Choose account state and structure first

Separate NRE, NRO and FCNR(B), then identify whether the product is callable, non-callable, recurring or forward-covered. Do not start with the highest percentage.

02

Currency is part of the product

An FCNR USD/GBP yield or a forward-cover outcome is not an INR FD yield. Currency denomination and future conversion needs stay attached to every comparison.

03

Non-callable means real liquidity loss

Deposit Plus products can pay a premium because ordinary premature closure is disallowed. The liquidity trade-off is a controlling term, not a footnote.

04

Recurring deposits keep the NRE/NRO state

NRE and NRO RDs can have different minimum tenures, tax treatment, funding accounts and repatriation rules even when the monthly instalment mechanics look similar.

05

Missed-instalment rules matter

A flexible NRI RD can allow variable instalments or no fixed due date yet still disable remittances after repeated misses; a conventional RD can fix the monthly amount at opening.

06

Forward-cover products are not ordinary rate tables

Products that combine a deposit with a forward contract are excluded from normal INR/FCNR rankings because the transaction-date FX/forward quote is part of the return.

07

NRI senior rates are not resident senior rates

Where a shared table displays a senior-citizen column, the bank can explicitly exclude NRIs. Store the NRI rate separately instead of inheriting a resident benefit.

08

Effective date and amount band control

Rate, currency, tenure, amount or instalment, structure and booking/value date jointly determine the contract. The live bank booking/KFS remains controlling.

Maintained comparisons

Head-to-head research where the trade-off is meaningful.

Pairs are curated rather than generated automatically. Each product retains its own conditions, dates and evidence.

Browse all banking comparisons
Decision fields

What this category should verify.

01NRE versus NRO versus FCNR(B) state
02Callable, non-callable, recurring or forward-cover structure
03INR or foreign-currency denomination
04Current rate/effective date and amount or instalment band
05Tax and repatriation treatment
06Minimum tenure, missed instalments and premature withdrawal
07Temporary pricing / forward-contract / lock-in conditions