Fixed deposits remain one of the most popular and safe investment options for NRIs. Kerala-based banks like Federal Bank and South Indian Bank offer competitive NRE/NRO FD rates with dedicated NRI services.
| FD Type | Currency | Tax on Interest | Repatriability |
|---|---|---|---|
| NRE FD | INR | Tax-free (while NRI) | Fully repatriable |
| NRO FD | INR | Taxable in India | Limited repatriation |
| FCNR FD | Foreign currency | Tax-free (while NRI) | Fully repatriable |
FD rates and tax treatment are subject to change. Verify current rates with your bank and consult qualified tax advisors.
Federal Bank, South Indian Bank, and Kerala Gramin Bank are known for competitive NRE FD rates. Rates change frequently. Compare current rates on bank websites or RBI's website before investing. Consult qualified financial advisors for investment decisions.
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Investment Risk: FD rates change frequently. Verify current rates with your bank before investing.
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Last Updated: March 2026 | Verify all information independently before making decisions.
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