Top banks offering highest interest rates on NRE fixed deposits include IndusInd Bank at 7%, Axis Bank, HDFC Bank, and others at 6.6%, and Bank of Baroda at 6.5%.
Top 10 banks offering highest interest rates on NRE fixed deposits for NRIs, with IndusInd Bank leading at 7 percent, followed by others like Kotak Mahindra Bank and SBI at lower rates.
Interest rates on NRE fixed deposits vary from 7% to 6.5% for a one-year term
Investors are often seen confused when it comes to choosing between Tax free Bonds and Fixed Deposits. Choosing one between the two largely depends on investor‘s goal as pros and cons exist in both the products. Read this space to know what factors differentiate these two fixed income instruments to take better investment decision.