Investment amount

Invest as little as ₹ 1,000 and in multiples of ₹ 100 thereafter up to Rs 1,99,99,900

Interest rate

Earn interest at par with an NRE Fixed Deposit

Interest is compounded quarterly

Get the interest pay out on maturity

View the latest interest rates for a NRE Recurring Deposit


1 year (and in multiples of three months thereafter) to 10 years

The RD has a lock-in period of 1 year (if you close your deposit within a year, you will receive only the principal amount and no interest)

Grace period

Enjoy a 5-day grace period after instalment due date, during which no penalty will be charged

Tax benefits

Enjoy tax exemptions on principal and interest


Repatriate both principal and interest at any time

Joint Account

Open your RD in joint names


Name a nominee for your RFC Account

Payment of Installment

Installment amount once fixed cannot be altered

Partial payment of installments not permitted