When I was exploring safe investment options for my NRE savings, Union Bank NRE Fixed Deposit Rates stood out as a solid choice. Fixed deposits have always been a go-to for stable returns, and Union Bank offers competitive rates, making it worth considering. Since NRE deposits are tax free in India, I wanted to ensure I was choosing the best tenure for maximum returns while also being aware of withdrawal rules and penalties. So, I checked the rates in Union Bank and found it starts at 6.50% p.a.
Features of Union Bank NRE FD Rates
As Vishwa has already shared the rate so I am not repeating the same. Hence, I have shared the benefits of having NRE FD rates here.
You can earn attractive interest rates, with the highest being 7.30% for a 456-day deposit.
You can also enjoy zero tax deductions on interest earned. It makes it a smart investment for NRIs.
Choose from various deposit periods, ranging from 1 year to 10 years, with rates between 6.50% and 7.30%.
Both principal and interest are fully repatriable. It ensures hassle-free fund transfers.
You can open an NRE FD from anywhere in the world through Union Bank’s online platform.
Your deposit can be automatically renewed, ensuring uninterrupted growth.
As an NRI, you can access personalized help for any queries or concerns.
I hope you found this helpful.
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A month ago, my brother called from Australia and asked about Union Bank NRE fixed deposit rates. I asked him why he was asking, and he said it wasn’t for him, but for someone else. I didn’t know the deposit rates, so I went to the bank to ask about the same. The staff said it starts at 6.50% p.a. And also explained the interest rates based on the periods, which I have shared with you below.
What is Union Bank NRE FD Rates?
NRE stands for Non-Resident External. If you are investing in a Union Bank NRE Fixed Deposit, it can be a brilliant choice for your future. You can earn high interest in your NRE Fixed Deposit and enjoy tax-free income. Here I have shared the rates.
Period | Interest Rate (Rates in% per annum) |
1 year | 6.80 |
>1 year to 398 Days | 6.80 |
399 Days | 7.00 |
400 days to 455 days | 6.60 |
456 days | 7.30 |
457 days to 2 years | 6.60 |
> 2 years to 996 days | 6.60 |
997 days | 6.40 |
>998 days to less than 3 years | 6.60 |
3 years | 6.70 |
> 3 Year to 5 years | 6.50 |
>5 Years to 10 Years | 6.50 |
I hope now you have an idea about the interest rates for fixed deposits at Union Bank.
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What is Union Bank NRE Fixed Deposit Rates?
Dinesh
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5 months
2025-02-04T15:45:52+00:00 2025-02-04T15:45:53+00:00Comment
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