Hello mate, I came across your query regarding the interest rate for NRI account in SBI and would like to offer you my help. The rate of interest for a balance less than Rs. 10 crore is
2.70% per annum, while the interest rate for a balance of Rs. 10 crore and above is
3.00% per annum. These are the interest rates that have been revised for savings bank deposits with effect from 15th October 2022. Apart from this, I am sharing the interest rates for the NRI savings account in HDFC Bank. You can find them below.
What are the NRI Interest Rates in India in HDFC Bank?
Here are the interest rates for an NRO and NRO savings account in HDFC Bank.
Savings Balance below Rs. 50 Lakhs:
3.00% InterestSavings balance of Rs. 50 Lakhs and above:
3.50% interest
The savings bank interest is calculated depending on your daily balance in the account. Also, the savings bank interest will be paid every quarter.
This is all I have to share related to the interest rate on NRI account in India. I hope you find this helpful. Have a good day.
Get Home Loans at the Lowest Interest Via NoBroker!
Some related information: How much Minimum Balance in SBI NRI Account?Your Feedback Matters! How was this Answer?
Shifting, House?
✔
Lowest Price Quote✔
Safe Relocation✔
Professional Labour✔
Timely Pickup & Delivery
Intercity Shifting-Upto 25% Off
Check Prices
Intracity Shifting-Upto 25% Off
Check Prices
City Tempo-Upto 50% Off
Book Now
An NRI must always be updated about what is the interest rate for NRI account in India. The rates change almost every year and it gets hard to keep a track of them. My uncle lives in Canada and has an account in the ICICI bank. I am therefore well aware of the ICICI NRI account interest rate. Apart from this bank’s updates, I keep track of the interest rates of some other banks, so let me share them here.
What is the interest rate of NRI Account?
The list of banks along with their interest rates (below Rs 2 crore) are-
| Bank | For 1 year | For 2 years | For 3 years | For 5 years | Minimum Balance |
Axis Bank |
5.15% |
5.25% |
5.40% |
5.50% |
Rs. 10,000 or Rs. 25,000, depending on the account |
Bank of Baroda |
4.90% |
5.00% |
5.10% |
5.25% |
Rs. 50,000 average quarter balance |
ICICI Bank |
4.90% |
5.00% |
5.15% |
5.35% |
Rs. 10,000 |
Interest Rate Of SBI NRI Account |
4.90% |
5.10% |
5.30% |
5.40% |
Rs. 1,00,000 (Urban and Metro city branch) Rs. 50,000 (Rural city branch) |
So these are the SBI, Bank of Baroda, Axis bank NRI account interest rates, along with some others.
Simplify the process of buying a home with NoBroker's home loan expertise Check your home loan EMI using NoBroker Home loan EMI calculatorRead More:
How to change standing instructions in ICICI Bank? How to cancel standing instructions in ICICI Bank? What is ICICI bank ATM withdrawal limit?
What is the Interest Rate for NRI Account in India?
Jatin
134 Views
2
2 Year
2023-07-17T10:31:41+00:00 2023-07-17T10:34:09+00:00Comment
Share