NRE Recurring Deposit
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.
Key Features
Top Benefits of our NRE Recurring Deposit
NRE RD Calculator
Min ₹1000
Max ₹2.99Cr
Investment Summary
Invested Amount
₹ 1,000
Interest Earned
₹10,126
Interest Per Quarter
Interest Per Month
Maturity Value*
₹90,126
( Interest rates are indicative and for calculation only. Interest may be subject to TDS recovery and maturity amount may vary due to TDS impact )
Disclaimer: Disclaimer: The data generated herein is completely and solely based on the information/details provided by you and such information and the resultant data is provided only for user's convenience and information purposes. Ujjivan SFB does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy. The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advice of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. Ujjivan SFB does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against the bank. Neither Ujjivan SFB nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.
Ujjivan SFB NRE Recurring Deposit Interest Rates
Below mentioned are the Interest Rates with effective from 05th Aug 2025
| Tenure | Interest Rate |
|---|---|
| 12-21 months | 7.25% |
| 24 months | 7.45% |
| 27-30 months | 7.25% |
| 33-60 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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FAQs
1. Who is eligible to open an NRE Recurring Deposit?
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.
2. From which account will the monthly instalment be debited?
The instalment will be debited from your existing NRE Savings Account.
3. Where will the maturity amount be credited?
The maturity or pre-closure proceeds will be credited to the same NRE Savings Account.
4. Is the interest earned taxable?
No. Interest earned on NRE Recurring Deposits is exempt from TDS (as per current regulations).
5. Can I withdraw partially from my Recurring Deposit?
No. Partial withdrawals are not permitted.
6. Is overdraft facility available against the deposit?
No. Overdraft facility is not available against an NRE Recurring Deposit.
7. Can I close the deposit before maturity?
Yes, premature closure is allowed.
8. What happens if I miss a monthly instalment?
A penalty of 1.5% of the instalment amount + applicable GST will be deducted from the overall interest at maturity or pre-closure.