Build your wealth systematically with Ujjivan SFB’s NRE Recurring Deposit, designed for NRIs looking to invest foreign income in India. Enjoy complete benefit of higher interest rate with Tax free returns with flexible, manageable monthly instalments, offering complete repatriation of principal and interest.
Minimum deposit amount of ₹1,000 and in multiples of ₹100 thereof
Minimum Tenure – 12 months, extendable in 3-month increments
Maximum Tenure – 10 years
Higher interest rates up to 7.55%* p.a.
Earn tax-free interest
Premature closure
Deposit amount and interest earned are easily repatriable
Below mentioned are the Interest Rates with effective from 05th June 2026
Tenure | Interest Rate (p.a.) |
6-9 months | 5.50% |
12-21 months | 7.25% |
24 months | 7.40% |
27-36 months | 7.25% |
39-42 months | 7.55% |
45-60 months | 7.20% |
63-120 months | 6.50% |
*Disclaimer: Interest rates are subject to change by the bank without any prior notice
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NRI customers of Ujjivan SFB with a valid and updated KYC. RD cannot be opened if KYC is pending or the passport/visa has expired.
The instalment will be debited from your existing NRE Savings Account.
The maturity or pre-closure proceeds will be credited to the same NRE Savings Account.
No. Interest earned on NRE Recurring Deposits is exempt from TDS (as per current regulations).
No. Partial withdrawals are not permitted.
No. Overdraft facility is not available against an NRE Recurring Deposit.
Yes, premature closure is allowed.
For detailed information on charges and penalties, refer to NRE/NRO Schedule of Charges under Service Charges and Fees.
A penalty of 1.5% of the instalment amount + applicable GST will be deducted from the overall interest at maturity or pre-closure.
