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Interest Rates
Domestic / NRO Fixed Deposit Interest Rates
| Tenure | Less than INR 2 Crore Rate (% p.a.) |
|---|---|
| 7-14 days | 2.75% |
| 15-29 days | 3.00% |
| 30-60 days | 3.50% |
| 61-92 days | 3.75% |
| 93-184 days | 4.00% |
| 185-274 days | 5.00% |
| 275-364 days | 5.25% |
| 1 year-1 year 9 days | 6.25% |
| 1 year 10 days | 7.30% |
| 1 year 11 days and upto 2 years | 7.15% |
| 2 years 1 day and upto 3 years | 7.15% |
| 3 years 1 day and upto 5 years | 6.75% |
Effective from 29th May 2023
*NRE deposit rates are for tenors 1 year and above
*Kindly contact your RM/Branch Manager for Term Deposits of INR 2 Crore and above
Premature withdrawal of Term Deposit (less than INR 2 crore)
- Premature withdrawal penalty of 1% will apply
- Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank.
- No interest will be paid on deposits that remain with the bank for less than the minimum period for which the deposits were accepted depending on the type of deposit.
- TDS once applied (where applicable) shall not be reversed or adjusted on any pre‐mature closure / part closure of deposits or on submission of a reduced TDS rate application.
NRE Fixed Deposits Interest Rates
| Tenure | Less than INR 2 Crore Rate (% p.a.) |
|---|---|
| 1 year-1 year 9 days | 6.25% |
| 1 year 10 days | 7.30% |
| 1 year 11 days and upto 2 years | 7.15% |
| 2 years 1 day and upto 3 years | 7.15% |
| 3 years 1 day and upto 5 years | 6.75% |
Effective from 29th May 2023
*NRE deposit rates are for tenors 1 year and above
*Kindly contact your RM/Branch Manager for Term Deposits of INR 2 Crore and above
Premature withdrawal of Term Deposit (less than INR 2 crore)
- Premature withdrawal penalty of 1% will apply
- Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank.
- No interest will be paid on deposits that remain with the bank for less than the minimum period for which the deposits were accepted depending on the type of deposit.
- TDS once applied (where applicable) shall not be reversed or adjusted on any pre‐mature closure / part closure of deposits or on submission of a reduced TDS rate application. At present TDS is not applicable to NRE Deposits.
FCNR Deposits Card Rates (USD currency)
| Tenure | <= USD 100,000 Rate (% p.a.) |
|---|---|
| >=12m to <=13m | 4.90% |
| >13m to <=24m | 4.40% |
| >24m to <=36m | 3.90% |
For amounts > USD 100,000 (or equiv.) kindly contact your RM / Branch Manager.
Effective from 29th May 2023
Savings Deposit Interest Rates
| Balance (INR) | Rate of Interest (% p.a.) |
|---|---|
| Less than 1 Lakh | 4.00% |
| 1 Lakh to Less than 5 Lakhs | 4.25% |
| 5 Lakhs to less than 5 Crore | 5.50% |
| 5 Crore & Above | 5.50% |
Effective from 31st March 2023
MCLR Rates
| Tenure | Rate of Interest |
|---|---|
| Overnight | 8.30% |
| 1 month | 8.30% |
| 3 months | 8.30% |
| 6 months | 8.35% |
| 12 months | 8.50% |
Effective from 1st June 2023
External Benchmark Based Rates for MSME Sector
| FBIL published 3 months T Bill rates | Min Range | Max Range | |
|---|---|---|---|
| Benchmark approved by ALCO | 3 months T-Bill | 6.74% | 6.74% |
| Spreads over EXTERNAL BENCHMARK | 2.04% | 7.04% |
Effective from 1st June 2023
About Emirates NBD India
Terms and Conditions
Useful Links & Documents
- Policies
- Compliance Certificate
- Transaction Dispute form
- Financial Reports
- Interest Rates
- Sanctions and Embargoes
- Business Continuity Management
- RBI Kehta Hai
- Unclaimed Deposits
- Consumer Education Literature - FAQs on IRACP Norms
- Protected Disclosures Scheme
- RBI Press Release on ₹2000 Denomination Banknotes
Unclaimed Deposits
Bank has started its operations in 2017, hence as on date there are no Unclaimed Deposits.
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