As I stay out of India, my expenses have become quite high, and I cannot save anything. Seeing this, my father suggested I do an FD at any bank of my choice. I decided I will go to South Indian Bank as I already have an account there. So, I called the bank’s customer support and asked them about the South Indian Bank NRE FD rates.
What is the SIB NRE FD Rates?
The person told me that the highest slab rate is 7.40% and that is for 1 year and 7 days. He also shared a list with me about the FD rates and I have shared the list below.
Number of Years | Interest Rates |
1 Year | 6.70% |
2 Year | 6.50% |
3 Year | 6.70% |
4 Year | 6.70% |
5 Year | 6.00% |
Tax-Saving FD | 6.00% |
And that’s all. If you are planning to do a NRE FD with South Indian Bank, then I would suggest that you get in touch with the bank and get the required details. I hope this helps.
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What is South Indian Bank NRE FD Rates?
Tania
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11 months
2025-01-31T10:49:13+00:00 2025-01-31T10:49:14+00:00Comment
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