NRE Fixed Deposit – Good investment option for NRIs
If you are an NRI & looking for a safe investment option in India, then you should consider investing in NRE Fixed Deposits .
RBI has de-regulated the interest rates on NRE fixed deposits and banks are now offering an interest rate of 8.5-10% p.a as against 2-4% earlier. Also, weaker Indian Rupee makes these deposits more attractive.
Benefits / Features of NRE Fixed Deposit (NRE FD)
Attractive interest rates (between 8.5 - 10 % p.a)
Lucrative exchange rates (if you want to convert USD/GBP etc to Indian Rupee)
Tax free interest in India
fully repatriable (both principal and interest earned can always be converted back to your foreign currency)
1-10 years tenor range
Current Rates on NRE Fixed Deposits (NRE FD) (Latest) - See Post
How to Open an NRE Fixed Deposit (NRE FD)
If ...