NRE / NRO Fixed Deposit Calculator for NRIs

Use this free NRI FD calculator to estimate the maturity value and interest earned on an NRE or NRO fixed deposit. Enter the principal amount, annual interest rate offered by the bank, and the deposit tenure.

NRE fixed deposit interest is generally exempt from Indian income tax while NRI status is maintained and balances are freely repatriable. NRO fixed deposit interest is generally subject to TDS at the applicable rate. Always confirm the current rate and tax treatment with the bank.

Top Indian banks currently offer NRE FD rates between 6.5% and 7.5% per annum for tenures of 1–3 years. Compare rates on the FD rates page before opening a deposit.

Frequently asked questions

Is NRE FD interest tax-free?

NRE fixed deposit interest is generally exempt from Indian income tax while the account holder maintains NRI status under FEMA. Confirm the position with a tax adviser for your specific situation.

How often is NRE FD interest compounded?

Most Indian banks compound NRE FD interest quarterly. The calculator uses quarterly compounding as the default assumption.