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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 3.00%
Balance above 10 lakhs 3.25%
  • Above Interest Rates applicable from Januray 16, 2021.
  • 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..
Rate of Interest/Period
For 1 Year
Above 1 Year and upto 18 months
Above 18 months to less than 2 years
From 2 years to less than 3 years
From 3 years to 10 years
Below Rs.2.00 Crore
6.30
6.50
6.50
6.50
6.00
Bulk Deposits (Rs.2.00 Crore to Rs.5.00 Crore and Above 5 Crores)
6.80
6.50
6.50
6.50
6.00
  • Revised with effect from 07.11.2022
  • The interest earned on NRE deposit is totally exempt from Indian Income Tax - No TDS.
  • The principal and interest are freely repatriable.