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NRE Interest Rates

TMB has been very popular since long for being the bank offering the highest rates of interest for NRI accounts for the benefit of its depositors. No wonder a major part of our deposits are from NRI citizens abroad. The rates are split for different types of NRI Account to offer the highest rate of interest possible.

Balance up to 10 lakhs 3.25%
Balance above 10 lakhs 3.50%
  • Above Interest Rates applicable from July 06, 2020.
  • Rates offered on daily closing balance in SB Account and credited quarterly.
  • Please note that Interest Rates are subject to change without notice as per the market trends and the bank’s decision in this regards is final..

For all Higher Deposits Amounts above the ceiling amount specified in the table below, please contact your nearest TMB branch for availing special offers if any.

Period
Below 2.00 crore
Bulk deposits (2.00 crore to 5.00 crore)
Bulk deposits (Above 5.00 crore)
1 year
5.90%
5.60%
5.60%
Above 1 year and upto 18 months
6.00%
5.70%
5.70%
Above 18 months to less than 2 years
6.00%
5.60%
5.60%
2 years to less than 3 years
5.90%
5.50%
5.50%
3 years to 10 years
5.75%
5.40%
5.40%
  • The interest earned on NRE deposit is totally exempt from Indian Income Tax - No TDS.
  • The principal and interest are freely repatriable.
  • The revised deposit rates on NRE deposits will apply only to fresh deposits accepted and matured deposits renewed on or after 06.07.2020.
  • The above rates are highly competitive. Branches should highlight the same while interacting with our existing and prospective NRI clients and canvass more NRI deposits.