{"id":135064,"date":"2026-08-10T16:35:52","date_gmt":"2026-08-10T11:05:52","guid":{"rendered":"https:\/\/tazanews.in\/?p=135064"},"modified":"2026-08-10T16:35:52","modified_gmt":"2026-08-10T11:05:52","slug":"nri-fixed-deposit-calculate-your-earnings","status":"publish","type":"post","link":"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/","title":{"rendered":"NRI Fixed Deposit: Calculate Your Earnings on \u20b95 Lakh and \u20b910 Lakh in SBI and PNB"},"content":{"rendered":"<p><strong>NRI Fixed Deposit: <\/strong>Sending money home for investment is not an unusual practice for Indians who have gone to work or started a business overseas. A lot of NRIs prefer to park a portion of their foreign income within Indian borders safely, and this is precisely where NRIs can get to with their Fixed Deposit.<\/p>\n<p>NRIs have a couple of options in terms of deposit accounts at banks, with the NRE fixed deposit being one of those options. Why? The interest that you could earn on it can be income tax-free in India, provided that the interest qualifies.<\/p>\n<p>NRI customers are allowed to make deposits in two of the larger public sector banks, namely, SBI and PNB, in NRE. The amount of money that you can make depends on your time horizon, your amount of deposit and the bank&#8217;s interest rates at the time.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"9:1-9:265;826-1090\">If you&#8217;re an NRI thinking about opening an FD in India, here&#8217;s a word of caution: don&#8217;t just chase the highest interest rate. Tenure, premature withdrawal rules, tax treatment, and what your money actually looks like at maturity all of that matters just as much.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_87_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#So_What_Exactly_Is_an_NRI_Fixed_Deposit\" >So What Exactly Is an NRI Fixed Deposit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#SBIs_NRE_FD_Rates\" >SBI&#8217;s NRE FD Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#PNBs_NRE_FD_Rates\" >PNB&#8217;s NRE FD Rates<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#Why_Does_the_444-Day_FD_Get_So_Much_Attention\" >Why Does the 444-Day FD Get So Much Attention?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#How_Much_Interest_Would_You_Earn_on_%E2%82%B95_Lakh\" >How Much Interest Would You Earn on \u20b95 Lakh?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#How_Much_Interest_Would_You_Earn_on_%E2%82%B910_Lakh\" >How Much Interest Would You Earn on \u20b910 Lakh?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#Is_the_Interest_on_NRI_FDs_Taxable\" >Is the Interest on NRI FDs Taxable?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#Do_Senior_Citizens_Get_Extra_Interest_on_NRE_FDs\" >Do Senior Citizens Get Extra Interest on NRE FDs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#Things_Worth_Checking_Before_You_Open_an_NRI_FD\" >Things Worth Checking Before You Open an NRI FD<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#1_Check_the_current_interest_rate\" >1. Check the current interest rate<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#2_Understand_the_tenure_options\" >2. Understand the tenure options<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#3_Read_the_premature_withdrawal_rules\" >3. Read the premature withdrawal rules<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#4_Know_the_difference_between_NRE_and_NRO\" >4. Know the difference between NRE and NRO<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#5_Keep_currency_risk_in_mind\" >5. Keep currency risk in mind<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#6_Dont_let_the_highest_rate_be_the_only_deciding_factor\" >6. Don&#8217;t let the highest rate be the only deciding factor<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#SBI_or_PNB_Which_Ones_Better_for_NRIs\" >SBI or PNB: Which One&#8217;s Better for NRIs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#A_Practical_Way_to_Choose_Your_FD\" >A Practical Way to Choose Your FD<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"11:1-11:44;1092-1135\"><span class=\"ez-toc-section\" id=\"So_What_Exactly_Is_an_NRI_Fixed_Deposit\"><\/span>So What Exactly Is an NRI Fixed Deposit?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"13:1-13:199;1137-1335\">It&#8217;s a term deposit facility made available to eligible Indian citizens living abroad. With an NRE FD specifically, money earned overseas gets routed through your NRE account and deposited in India.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"15:1-15:235;1337-1571\">Here&#8217;s the interesting part: even though the money originally comes from abroad, both the deposit and the interest are held in Indian rupees. And for eligible NRIs, the interest earned on this account can be exempt from tax in India.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"17:1-17:273;1573-1845\">That said, this exemption isn&#8217;t automatic. You need to qualify as a non-resident under FEMA and meet the applicable conditions. According to the Income Tax Department, this exemption on NRE account interest continues to hold under the current Income Tax Act, 2025 as well.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"19:1-19:22;1847-1868\"><span class=\"ez-toc-section\" id=\"SBIs_NRE_FD_Rates\"><\/span>SBI&#8217;s NRE FD Rates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"21:1-21:198;1870-2067\"><a href=\"https:\/\/sbi.bank.in\/web\/interest-rates\/interest-rates\/sbi-nri-services-interest-rates\/sbi-nri-services-nre-fixed-deposit-interest-rate\" target=\"_blank\" rel=\"noopener\">SBI<\/a> offers NRE Term Deposits for its NRI customers, and like most FDs, the rate you get depends on how long you&#8217;re locking your money in and what the bank&#8217;s rates look like at that particular time.<\/p>\n<figure id=\"attachment_135070\" aria-describedby=\"caption-attachment-135070\" style=\"width: 1190px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-135070\" src=\"https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-1-1.png\" alt=\"NRI Fixed Deposit\" width=\"1200\" height=\"675\" srcset=\"https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-1-1.png 1200w, https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-1-1-300x169.png 300w, https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-1-1-1024x576.png 1024w, https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-1-1-768x432.png 768w, https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-1-1-150x84.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-135070\" class=\"wp-caption-text\">NRI Fixed Deposit<\/figcaption><\/figure>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"23:1-23:205;2069-2273\">Given how often rates shift, it&#8217;s genuinely worth checking SBI&#8217;s official website on the day you&#8217;re actually opening the FD don&#8217;t go by numbers you saw a few weeks ago, because they may no longer apply.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"25:1-25:308;2275-2582\">Something else worth knowing: SBI&#8217;s various NRI deposit products NRE FD, FCNR(B), and so on don&#8217;t all follow the same rate or rule structure. It&#8217;s easy to lump them together, but they&#8217;re built differently, so it helps to understand each one on its own terms rather than assuming they&#8217;re interchangeable.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"27:1-27:22;2584-2605\"><span class=\"ez-toc-section\" id=\"PNBs_NRE_FD_Rates\"><\/span>PNB&#8217;s NRE FD Rates<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"29:1-29:299;2607-2905\">PNB also runs an NRE Term Deposit scheme for NRI customers. As per the bank&#8217;s website, the 444-day tenure is currently showing a rate of up to <strong>6.60%<\/strong>. Keep in mind, though, that your actual rate will depend on the deposit category, tenure, and PNB&#8217;s applicable rate card at the time you book it.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"31:1-31:151;2907-3057\">The 444-day FD tends to get talked about a fair bit because its rate often looks better than several of the more standard tenures banks usually offer.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"33:1-33:267;3059-3325\">But here&#8217;s the thing worth remembering: picking an FD purely because it has the highest number attached to it isn&#8217;t always the smartest move. You also need to think about how long your money will stay locked away, and what happens if you need to break the FD early.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"35:1-35:50;3327-3376\"><span class=\"ez-toc-section\" id=\"Why_Does_the_444-Day_FD_Get_So_Much_Attention\"><\/span>Why Does the 444-Day FD Get So Much Attention?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"37:1-37:124;3378-3501\">If you&#8217;re an NRI looking to park your money for roughly a year and a half, the 444-day option might fit that window nicely. Right now, PNB&#8217;s website shows this tenure at 6.60%.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"41:1-41:151;3557-3707\">That&#8217;s precisely why it tends to appeal to people planning short-to-medium term investments the timeframe lines up well for a lot of people&#8217;s plans. Still, don&#8217;t let the rate alone make the decision. Tenure, liquidity, and the fine print on premature withdrawal deserve equal weight.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"45:1-45:48;3845-3892\"><span class=\"ez-toc-section\" id=\"How_Much_Interest_Would_You_Earn_on_%E2%82%B95_Lakh\"><\/span>How Much Interest Would You Earn on \u20b95 Lakh?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"47:1-47:82;3894-3975\">Let&#8217;s say an NRI puts \u20b95 lakh into a one-year FD at an assumed rate of <strong>6.25%<\/strong>.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"49:1-49:18;3977-3994\">Simple math here:<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" data-sourcepos=\"51:1-51:32;3996-4027\"><strong>\u20b95,00,000 \u00d7 6.25% = \u20b931,250<\/strong><\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"53:1-53:68;4029-4096\">So you&#8217;re looking at roughly <strong>\u20b931,250<\/strong> in interest over the year.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"55:1-55:74;4098-4171\">Add that to your principal, and your total comes to around <strong>\u20b95,31,250<\/strong>.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"57:1-57:345;4173-4517\">This is merely an example number, nothing more. The type of deposit, how the bank determines interest, and whether you have selected a payout or cumulative option will all affect the actual maturity amount. Compounding will raise the final amount slightly over this straightforward estimate if it is cumulative and the interest is reinvested.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"59:1-59:49;4519-4567\"><span class=\"ez-toc-section\" id=\"How_Much_Interest_Would_You_Earn_on_%E2%82%B910_Lakh\"><\/span>How Much Interest Would You Earn on \u20b910 Lakh?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"61:1-61:80;4569-4648\">Now double that investment to \u20b910 lakh, still at an assumed 6.25% for one year:<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" data-sourcepos=\"63:1-63:33;4650-4682\"><strong>\u20b910,00,000 \u00d7 6.25% = \u20b962,500<\/strong><\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"65:1-65:64;4684-4747\">That works out to roughly <strong>\u20b962,500<\/strong> in interest for the year.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"67:1-67:114;4749-4862\">Which means, at maturity, you&#8217;d be looking at somewhere around <strong>\u20b910,62,500<\/strong>\u00a0principal plus interest combined.<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"69:1-69:190;4864-5053\">Again, this is based on an illustrative 6.25% figure. Whatever rate is actually live when you book your FD, plus the bank&#8217;s compounding method, will shape the real number you end up seeing.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"71:1-71:39;5055-5093\"><span class=\"ez-toc-section\" id=\"Is_the_Interest_on_NRI_FDs_Taxable\"><\/span>Is the Interest on NRI FDs Taxable?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This is certainly the most significant attraction of an NRE FD &#8211; its tax benefits. According to the Income Tax Department, the income from the NRE accounts remains tax-exempt in India. However, and here&#8217;s the key, this exemption is only available to those who qualify. You actually have to meet FEMA&#8217;s requirements as a non-resident, and your NRE account has to be approved following RBI&#8217;s guidelines.<\/p>\n<p>It&#8217;s incorrect to conclude that if an individual resides abroad, he or she automatically receives this tax benefit on interest earned by NRE FD. This is a big mistake. It&#8217;s never a bad idea to verify your residential status and FEMA eligibility before investing.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"81:1-81:53;5808-5860\"><span class=\"ez-toc-section\" id=\"Do_Senior_Citizens_Get_Extra_Interest_on_NRE_FDs\"><\/span>Do Senior Citizens Get Extra Interest on NRE FDs?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Many Indian banks offer senior residents a slightly higher interest rate on standard domestic fixed deposits. However, do not assume that this automatically applies to NRE FDs; NRIs do not work in the same way.<\/p>\n<figure id=\"attachment_135071\" aria-describedby=\"caption-attachment-135071\" style=\"width: 1190px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-135071\" src=\"https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-2-1.png\" alt=\"NRI Fixed Deposit\" width=\"1200\" height=\"675\" srcset=\"https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-2-1.png 1200w, https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-2-1-300x169.png 300w, https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-2-1-1024x576.png 1024w, https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-2-1-768x432.png 768w, https:\/\/tazanews.in\/wp-content\/uploads\/2026\/08\/NRI-Fixed-Deposit-2-1-150x84.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-135071\" class=\"wp-caption-text\">NRI Fixed Deposit<\/figcaption><\/figure>\n<p>If you are an NRI senior citizen, you should look into your bank&#8217;s specific NRE deposit requirements before opening an account, rather than assuming the standard senior citizen benefit applies. In short, turning 60 does not guarantee that you will continue to be interested here. That is a domestic FD issue, but necessarily an NRE FD one.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"89:1-89:51;6371-6421\"><span class=\"ez-toc-section\" id=\"Things_Worth_Checking_Before_You_Open_an_NRI_FD\"><\/span>Things Worth Checking Before You Open an NRI FD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"91:1-91:149;6423-6571\">NRI FDs are generally seen as a fairly safe investment, but there are a handful of things worth understanding before you actually put your money in.<\/p>\n<h3 class=\"mt-2 -mb-1 text-base font-bold\" dir=\"ltr\" data-sourcepos=\"93:1-93:39;6573-6611\"><span class=\"ez-toc-section\" id=\"1_Check_the_current_interest_rate\"><\/span>1. Check the current interest rate<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"95:1-95:148;6613-6760\">Look up the rate that&#8217;s live on the actual day you&#8217;re opening the FD. Banks revise their deposit rates fairly often, sometimes without much notice.<\/p>\n<h3 class=\"mt-2 -mb-1 text-base font-bold\" dir=\"ltr\" data-sourcepos=\"97:1-97:37;6762-6798\"><span class=\"ez-toc-section\" id=\"2_Understand_the_tenure_options\"><\/span>2. Understand the tenure options<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"99:1-99:208;6800-7007\">Whether it&#8217;s 1 year, 2 years, or something like 444 days, the rate can shift quite a bit depending on the tenure. Pick based on when you&#8217;ll actually need the money, not just which tenure has the best number.<\/p>\n<h3 class=\"mt-2 -mb-1 text-base font-bold\" dir=\"ltr\" data-sourcepos=\"101:1-101:43;7009-7051\"><span class=\"ez-toc-section\" id=\"3_Read_the_premature_withdrawal_rules\"><\/span>3. Read the premature withdrawal rules<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"103:1-103:200;7053-7252\">If you end up needing to break the FD before maturity, banks have their own rules around this \u2014 usually a reduced interest rate or other conditions. Know this upfront so there are no surprises later.<\/p>\n<h3 class=\"mt-2 -mb-1 text-base font-bold\" dir=\"ltr\" data-sourcepos=\"105:1-105:47;7254-7300\"><span class=\"ez-toc-section\" id=\"4_Know_the_difference_between_NRE_and_NRO\"><\/span>4. Know the difference between NRE and NRO<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"107:1-107:146;7302-7447\">These two aren&#8217;t the same thing, even though they sound similar. The source of funds, the purpose, and the tax treatment all differ between them.<\/p>\n<h3 class=\"mt-2 -mb-1 text-base font-bold\" dir=\"ltr\" data-sourcepos=\"109:1-109:34;7449-7482\"><span class=\"ez-toc-section\" id=\"5_Keep_currency_risk_in_mind\"><\/span>5. Keep currency risk in mind<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"111:1-111:173;7484-7656\">Since NRE FDs are held in rupees, if you&#8217;re earning in a foreign currency, exchange rate movement between that currency and the rupee is something you&#8217;ll want to factor in.<\/p>\n<h3 class=\"mt-2 -mb-1 text-base font-bold\" dir=\"ltr\" data-sourcepos=\"113:1-113:62;7658-7719\"><span class=\"ez-toc-section\" id=\"6_Dont_let_the_highest_rate_be_the_only_deciding_factor\"><\/span>6. Don&#8217;t let the highest rate be the only deciding factor<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"115:1-115:233;7721-7953\">A 6.60% FD isn&#8217;t automatically the better choice over a 6.25% one. If you know you&#8217;ll need your money back within a year, locking it into a much longer tenure even at a slightly better rate might not actually work in your favour.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"117:1-117:45;7955-7999\"><span class=\"ez-toc-section\" id=\"SBI_or_PNB_Which_Ones_Better_for_NRIs\"><\/span>SBI or PNB: Which One&#8217;s Better for NRIs?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Both are well-established and big public sector banks with good deposit facilities for NRIs. When you are looking for a bank to deposit your money in, it is obvious that you want to bank with a bank that you have confidence in. Therefore, it would be wise to compare the two banks&#8217; current NRE FD terms side by side.<\/p>\n<p>However, if you&#8217;re primarily interested in the better return, it would be more helpful to compare the returns of SBI and PNB by offering the same tenure, as it wouldn&#8217;t provide you with an apples-to-apples comparison.<\/p>\n<p>Currently, PNB displays 6.60% for the 444-day tenure on its website. In either case, make sure to review the official rate card for the bank on the day you&#8217;re booking; FD rates move more often than expected.<\/p>\n<h2 class=\"mt-3 -mb-1 text-[1.125rem] font-bold\" dir=\"ltr\" data-sourcepos=\"129:1-129:37;8681-8717\"><span class=\"ez-toc-section\" id=\"A_Practical_Way_to_Choose_Your_FD\"><\/span>A Practical Way to Choose Your FD<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"131:1-131:74;8719-8792\">A decent approach is to weigh four things together, not one in isolation:<\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"133:1-133:55;8794-8848\"><strong>interest rate + tenure + liquidity + tax treatment<\/strong><\/p>\n<p class=\"font-claude-response-body break-words whitespace-normal\" dir=\"ltr\" data-sourcepos=\"135:1-135:167;8850-9016\">For instance, if you think you might need the money within the next 12 months, locking into a longer tenure just for a marginally better rate probably isn&#8217;t worth it. On the other hand, if the money isn&#8217;t going to be touched for a while, comparing rates across different tenures becomes a genuinely useful exercise.<\/p>\n<p dir=\"ltr\" data-sourcepos=\"135:1-135:167;8850-9016\"><strong>Also Read:\u00a0<a href=\"https:\/\/tazanews.in\/bank-of-america-travel-rewards-card\/\">Is the Bank of America Travel Rewards Card Worth Applying for in 2026? Check Out Its Complete Review, Rewards, Fees, Benefits, and More Before Making Your Decision<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>NRI Fixed Deposit: Sending money home for investment is not an unusual practice for Indians who have gone to work &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"NRI Fixed Deposit: Calculate Your Earnings on \u20b95 Lakh and \u20b910 Lakh in SBI and PNB\" class=\"read-more button\" href=\"https:\/\/tazanews.in\/hi\/nri-fixed-deposit-calculate-your-earnings\/#more-135064\" aria-label=\"Read more about NRI Fixed Deposit: Calculate Your Earnings on \u20b95 Lakh and \u20b910 Lakh in SBI and PNB\">Read more<\/a><\/p>","protected":false},"author":1,"featured_media":135072,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAowv-O9DA:productID":"","_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[91],"tags":[301,302,300,293,297,304,292,294,299,298,296,295,303],"class_list":["post-135064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-business","tag-bank-fd","tag-fd-returns","tag-fixed-deposit-interest-rates","tag-nre-fd","tag-nre-fd-interest-rates","tag-nri-banking","tag-nri-fd","tag-nri-fixed-deposit","tag-nri-investment","tag-sbi-fd-rates","tag-sbi-nre-fd","tag-senior-citizen-fd","tag-senior-citizen-interest","resize-featured-image"],"modified_by":null,"_links":{"self":[{"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/posts\/135064","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/comments?post=135064"}],"version-history":[{"count":2,"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/posts\/135064\/revisions"}],"predecessor-version":[{"id":135073,"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/posts\/135064\/revisions\/135073"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/media\/135072"}],"wp:attachment":[{"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/media?parent=135064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/categories?post=135064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tazanews.in\/hi\/wp-json\/wp\/v2\/tags?post=135064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}