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#GetMoreFromYourBank

Open savings account
and earn upto 7% p.a.

  • Zero fees on all savings account services
  • Monthly interest credits
  • Recognised among World’s Best Banks 2025
#GetMoreFromYourBank

Securely invest your
overseas income in India

  • Freely repatriable NRE deposits
  • Interest on NRE deposits is exempt from tax in India
  • Automatic deposit renewal for same tenure as original deposit facility available
  • Flexible tenure available ranging from 1 year – 10 years

Calculate Fixed Deposit returns

Deposit amount and payout frequency

₹10K ₹3Cr

Set your balance to ₹10L or more to unlock 7% interest p.a.!

Enter deposit tenure

yrs
mths
days
7 Days 10 Years

Matures on 9 Sep 35

Interest rate

6.70%

Maturity value

₹5,83,02,649

Indicative monthly interest*

₹2,35,855

Indicative quarterly interest*

₹2,35,000

Indicative short term interest*

₹2,00,000

*Interest payout amount shown is indicative and may vary based on the actual number of days in the respective month/quarter.

*Interest payout amount shown is indicative and may vary based on the actual number of days in the respective month/quarter.

*Interest payout amount shown is indicative and may vary based on the actual number of days in the respective month/quarter.

Book FD now! Book FD now! View all interest rates Disclaimer

Overview

A Non-Resident External (NRE) Fixed Deposit is a type of term deposit investment, specifically designed for Non-Resident Indians (NRIs) who wish to securely park their foreign earnings in India. This deposit is held in Indian Rupees and is fully repatriable, making it suitable for those seeking to grow their wealth while maintaining access to their funds globally. NRIs, Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) with an active NRE Savings Account can open an NRE Fixed Deposit.

Read more

Features of NRE Fixed Deposits

0% Tax-Free
Interest

The interest you earn from your NRE Savings Account is completely exempt from taxes in India.

Attractive
Interest Rate

IDFC FIRST Bank NRE FDs come with competitive interest rates, allowing your foreign earnings to grow steadily. Interest is compounded quarterly , ensuring regular returns on your investment throughout the tenure.

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Fully Repatriable Funds

Both the principal and interest earned on your NRE FD are fully repatriable to your country of residence, providing complete flexibility and global access to your funds.

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Flexible tenure
options

Choose from a wide range of tenures from 1 year to 10 years, based on your financial needs and planning horizon.

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Auto renewal facility

With our auto-renewal feature, you don’t have to worry about reinvesting manually. Your deposit will renew automatically upon maturity at prevailing rates.

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Low minimum deposit amount

Open an IDFC FIRST Bank NRE Fixed Deposit account with just ₹1,000.

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How To Open An
NRE Fixed Deposit

Active NRE Account folders can book NRE deposits through the following ways:

Option 1

Book NRE FD online using net banking or mobile banking application

Option 2

Send an email from your registered email ID to your RM

Option 3

Visit the nearest branch for booking an NRE FD when in India

Open Savings Bank Account online in just 3 simple steps. Online account opening does not require any paperwork or branch visit.

Visit your nearest IDFC FIRST Bank branch in India and carry all the requisite self-attested KYC documents.

Our branch representative will guide you through each step of the account opening process.

Your account will be opened on successful verification of the documents.

Compare NRI Fixed Deposits

Explore our range of NRI Fixed Deposit products to make an informed choice

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Explore other NRI Banking products

NRO Savings Account

Manage your Indian income seamlessly from abroad with an NRO Savings Account.

NRO Fixed Deposit

Grow your income generated in India at attractive fixed deposit interest rates.

FCNR Deposits

Invest your overseas earnings and get tax-free interest with FCNR Deposits maintained in foreign currency.

NRO Savings Account

Manage your Indian income seamlessly from abroad with an NRO Savings Account.

NRO Fixed Deposit

Grow your income generated in India at attractive fixed deposit interest rates.

FCNR Deposits

Invest your overseas earnings and get tax-free interest with FCNR Deposits maintained in foreign currency.

Frequently asked questions

Are there any specific regulations for NRIs in the USA when opening an NRI account in India?

There are specific regulations that NRIs in the USA must adhere to when opening an NRI account in India. The Reserve Bank of India (RBI) has set guidelines to ensure compliance and transparency. NRIs need to provide valid identification documents, proof of NRI status, and adhere to the Foreign Account Tax Compliance Act (FATCA) regulations. FATCA requires individuals to report their financial accounts held outside the USA, and Indian banks, including IDFC FIRST Bank, must report NRI account details.

How can I provide proof of my US address for NRI account opening?

How can I open an NRI savings account from the USA?

Are there any specific regulations for NRIs in the USA when opening an NRI account in India?

There are specific regulations that NRIs in the USA must adhere to when opening an NRI account in India. The Reserve Bank of India (RBI) has set guidelines to ensure compliance and transparency. NRIs need to provide valid identification documents, proof of NRI status, and adhere to the Foreign Account Tax Compliance Act (FATCA) regulations. FATCA requires individuals to report their financial accounts held outside the USA, and Indian banks, including IDFC FIRST Bank, must report NRI account details.

How can I provide proof of my US address for NRI account opening?

How can I open an NRI savings account from the USA?

Dedicated NRI Support

Experience premium support services crafted specifically for Non-Resident Indians worldwide!

For NRIs currently in India

Call us at 1800-419-4332

Other Countries

Country specific information here

Reach out to your Dedicated Relationship Manager. Login to IDFC FIRST Bank Mobile Banking App > Access Menu in top left > My Relationship Team