SBI NRI Services - NRE Fixed Deposit Interest Rate - Interest Rates

NRE TERM DEPOSITS With effect from 27th May, 2020
Tenors	Below Rs.2 Crore	Rs.2 Crore & above
1 year less than 2 years	5.10%	2.90%
2 years to less than 3 years	5.10%	3.00%
3 years to less than 5 years	5.30%	3.00%
5 years and upto 10 years	5.40%	3.00%
Premature withdrawal	No interest is payable if the deposit is withdrawn before one year.	No interest is payable if the deposit is withdrawn before one year.
	Effective 01st April 2017, Penalty for Premature Withdrawal for Retail Term Deposits will be applicable as under: Description Penalty (All Tenors) Up to Rs.5.00 lacs 0.50% Above Rs.5.00 lacs but below Rs.1 Crore 1% The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.	On pre-mature withdrawal of the deposit (after completion of 1 year), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower.
*Rates are subject to change, without prior notice.

The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower. On pre-mature withdrawal of the deposit (after completion of 1 year), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower.