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Earn tax-free returns with NRE Term Deposit on your rupee investments in India starting from INR 10,000. Earn fully repatriable interest and principal

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NRE deposit rates

Earn tax-free returns with NRE Term Deposit on your rupee investments in India starting from INR 10,000. Earn fully repatriable interest and principal

Standard Chartered NRE Term Deposit for tax-free returns

An account specially designed as per the investment needs of Non-resident Indians. Lower minimum deposit (INR 10,000), flexibility in tenure (1 to 5 years) and auto-renewal facility add to the convenience with which you can invest money in India.

24×7 access to your account

Get 24×7 access to your Standard Chartered account through our simple, secure, and easy to use internet and phone banking platforms.

Easy transfer of funds to India

Enjoy our wire transfer facility to transfer funds into your NRE/NRO account in India at superior exchange rates.

Flexibility in tenure

This accounts offers a high level of flexibility to the customers. You can opt for a term period of anything between 1 year to 5 years as per your convenience.

Start with INR 10,000 only

You can start making investments with small amounts as Standard Chartered allows you to make rupee investments starting from INR 10,000.

FAQs

  • NRE fixed deposit is a type of INR deposit which can be opened by a Non-Resident Indian to earn interest which is tax free in India. Further to this both principal and interest are freely repatriable. The minimum term of the deposit is 12 months and if the deposit is prematurely closed before 12 Months, the interest earned till date will be forfeited.

  • An NRE Deposit can be opened online through your Netbanking else you can also visit any of our Branches in India, In case you need any help please be free to contact your Relationship Manager. The deposit can be funded by way of a fresh Inward Remittance from abroad / Transfer from an existing NRE A/C or existing funds available in your NRE A/C.

  • NRE Deposit rate are regularly updated in the below mentioned link : Interest Rates: Domestic, NRO and NRE Savings Interest Rate – Standard Chartered India (sc.com)

  • Yes, you can open a NRE fixed deposit jointly with another NRI , you can also open an NRE Deposit jointly with a Resident individual under former or survivor mode only. Yes, Nomination facility is available and highly encouraged for NRE / NRO Deposits

  • Interest earned on NRE Deposits are tax free in India. NRO Deposit : https://www.sc.com/in/nri/deposits/nro-deposit/

  • NRO fixed deposit is a type of INR deposit which can be opened by a Non-Resident Indian to earn interest, but the interest is subject to TDS.

  • An NRO Deposit can be opened through your Netbanking else you can also visit any of our Branches in India, In case you need any help please be free to contact your Relationship Manager. The deposit can be funded by way transfer from an existing NRO A/C

  • NRO Deposit rate are regularly updated in the below mentioned link : Interest Rates: Domestic, NRO and NRE Savings Interest Rate – Standard Chartered India (sc.com)