Best 2 years NRE FD rates · November 2026
The banks offering the highest NRE Fixed Deposit rate for a 2 years tenure, ranked.
Best 2 years NRE FD rates
Public & private sector banks · Dataset refreshed 14 Nov 2026
| # | Bank | Rate | Applies to |
|---|---|---|---|
| 1 | SBM Bank (India) Ltd.
Foreign  Maharashtra |
7.65% | 548 days to 732 days |
| 2 | Bandhan Bank
Private Nationwide |
7.45% | 2 years to less than 3 years |
| 3 | DCB Bank
Private Nationwide |
7.40% | 24 months to less than 25 months |
| 4 | City Union Bank
Private Nationwide |
7.30% | 556 days to 3 years |
| 5 | IDFC First Bank
Private Nationwide |
7.25% | 500 days – 2 years |
| 6 | IndusInd Bank
Private Nationwide |
7.25% | 2 years to 3 years |
| 7 | Saraswat Co-operative Bank Ltd.
Co-op Maharashtra |
7.25% | 24 months |
| 8 | Shamrao Vithal Co-operative Bank Ltd.
Co-op Maharashtra |
7.25% | 16 months to 24 months |
| 9 | Kallappana Awade Ichalkaranji Janata Sahakari Bank Ltd.
Co-op Maharashtra |
7.10% | 1 year to 2 years |
| 10 | CSB Bank
Private Nationwide |
7.00% | Above 18 months to 30 months |
| 11 | Deutsche Bank India
Foreign Delhi +8 states |
7.00% | Above 18 months to 2 years |
| 12 | RBL Bank
Private Nationwide |
7.00% | 18 months to less than 60 months |
| 13 | Tamilnad Mercantile Bank
Private Nationwide |
7.00% | 2 years to less than 3 years |
| 14 | Yes Bank
Private Nationwide |
7.00% | 24 months < 35 months |
| 15 | Bassein Catholic Co-operative Bank Ltd.
Co-op Maharashtra |
6.90% | Above 18 months to 36 months |
| 16 | Mashreqbank PSC (India)
Foreign Maharashtra |
6.90% | 391 days to 2 years |
| 17 | The Ahmedabad Mercantile Co-operative Bank Ltd.
Co-op Gujarat |
6.90% | Over 1 years to 2 years |
| 18 | The Bharat Co-operative Bank (Mumbai) Ltd.
Co-op Maharashtra |
6.85% | Above 12 months upto 24 months |
| 19 | The Cosmos Co-operative Bank Ltd.
Co-op Maharashtra |
6.85% | Above 16 months to 24 months |
| 20 | Federal Bank
Private Nationwide |
6.80% | 2 years to less than 3 years |
| 21 | Kotak Mahindra Bank
Private Nationwide |
6.80% | 2 years- less than 3 years |
| 22 | NKGSB Co-operative Bank Ltd.
Co-op Maharashtra |
6.80% | 16 months -24 months |
| 23 | Emirates NBD Bank (P.J.S.C.) (India)
Foreign Maharashtra |
6.75% | 2 years to less than 3 years |
| 24 | Janata Sahakari Bank Ltd., Pune
Co-op Maharashtra |
6.75% | 2 years to less than 3 years |
| 25 | The Kalupur Commercial Co-operative Bank Ltd.
Co-op Gujarat +1 state |
6.75% | 1 year and up to 2 years |
| 26 | TJSB Sahakari Bank Ltd.
Co-op Maharashtra +6 states |
6.75% | From 12 months to 24 months |
| 27 | Unity Small Finance Bank
Small Finance Nationwide |
6.75% | 702 days – 998 days |
| 28 | Bank of India
Public Nationwide |
6.70% | 2 years to less than 3 years |
| 29 | Doha Bank Q.P.S.C. (India)
Foreign Maharashtra +1 state |
6.70% | Above 19 months to 2 years |
| 30 | GP Parsik Sahakari Bank Ltd.
Co-op Maharashtra +2 states |
6.70% | Above 18 months to 3 years |
| 31 | The Udaipur Urban Co-operative Bank Ltd.
Co-op Rajasthan |
6.70% | above 18 months to 5 years |
| 32 | Axis Bank
Private Nationwide |
6.60% | 2 years < 3 years |
| 33 | Karur Vysya Bank
Private Nationwide |
6.55% | 401 days up to 2 years |
| 34 | Bank of Bahrain & Kuwait B.S.C. (India)
Foreign Maharashtra +2 states |
6.50% | Above 1 year to 2 years |
| 35 | DBS Bank India
Foreign Andhra Pradesh +18 states |
6.50% | 2 years to less than 30 months |
| 36 | Dhanlaxmi Bank
Private Andhra Pradesh +15 states |
6.50% | Above 2 years upto & inclusive of 3 years |
| 37 | HDFC Bank
Private Nationwide |
6.50% | 21 months to 2 years |
| 38 | IDBI Bank
Private Nationwide |
6.50% | > 2 years to < 3 years |
| 39 | Punjab Gramin Bank
Rural Punjab |
6.50% | 445 days to 2 years |
| 40 | Standard Chartered India
Foreign Andhra Pradesh +17 states |
6.50% | 21M < 2 yrs |
| 41 | Thane Bharat Sahakari Bank Ltd.
Co-op Maharashtra |
6.50% | Above 1 year to 3 years |
| 42 | Indian Overseas Bank
Public Nationwide |
6.40% | 2 years to < 3 years |
| 43 | Karnataka Bank
Private Nationwide |
6.40% | 556 days to 2 years |
| 44 | State Bank of India
Public Nationwide |
6.40% | 2 years to less than 3 years |
| 45 | Abhyudaya Co-operative Bank Ltd.
Co-op Maharashtra |
6.35% | Above 12 months and upto & inclusive of 24 months |
| 46 | Bombay Mercantile Co-operative Bank Ltd.
Co-op Maharashtra +1 state |
6.35% | 2 year less than 3 years |
| 47 | PT Bank Maybank Indonesia Tbk (India)
Foreign Maharashtra |
6.35% | 366 days to 2 years |
| 48 | Rajasthan Gramin Bank
Rural Rajasthan |
6.35% | More than 1 year to less than 3 years |
| 49 | ICICI Bank
Private Nationwide |
6.30% | 18 months to 2 years |
| 50 | Punjab National Bank
Public Nationwide |
6.30% | 681 days to 2 years |
| 51 | Bank of Baroda
Public Nationwide |
6.25% | Above 400 days and upto 2 years (except 444 and 555 days) |
| 52 | Canara Bank
Public Nationwide |
6.25% | 556 days to less than 3 years |
| 53 | Central Bank of India
Public Nationwide |
6.25% | 2 years to less than 3 years |
| 54 | The Zoroastrian Co-operative Bank Ltd.
Co-op Maharashtra +1 state |
6.25% | Over 15 months upto 2 years |
| 55 | UCO Bank
Public Nationwide |
6.20% | 445 days – 2 years |
| 56 | Bank of Maharashtra
Public Nationwide |
6.15% | Above 1 year to 2 years |
| 57 | Indian Bank
Public Nationwide |
6.15% | 2 year to less than 3 year |
| 58 | Union Bank of India
Public Nationwide |
6.15% | 556 days to 996 days |
| 59 | Citizen Credit Co-operative Bank Ltd.
Co-op Maharashtra |
6.00% | 2 years to less than 3 years |
| 60 | The Kalyan Janata Sahakari Bank Ltd.
Co-op Maharashtra |
6.00% | above 18 months to 36 months |
| 61 | Punjab & Sind Bank
Public Nationwide |
5.95% | 2 years to 776 days |
| 62 | South Indian Bank
Private Nationwide |
5.85% | Above 18 months to less than 30 months |
| 63 | Barclays Bank PLC (India)
Foreign Maharashtra |
5.84% | 2 years to less than 3 years |
| 64 | Nilambur Co-operative Urban Bank Ltd.
Co-op Kerala |
5.50% | Above 18 months to 24 months |
| 65 | Mizuho Bank, Ltd. (India)
Foreign Maharashtra |
5.30% | Above 18 months to 2 years |
| 66 | Uttar Pradesh Gramin Bank
Rural Uttar Pradesh |
4.75% | 01 yrs to less than 3 yrs |
| 67 | HSBC India
Foreign Andhra Pradesh +13 states |
4.30% | 701 days to 730 days |
| 68 | Citibank N.A. (India)
Foreign Maharashtra |
1.75% | 541 days to 731 days |
Best NRE FD rate by tenure
Tap a tenure for the full ranking
A 2 years NRE fixed deposit lets an NRI lock foreign earnings in rupees for 2 years with interest that is tax-free in India and fully repatriable. As of 14 Nov 2026, the highest 2 years NRE FD rate we track is 7.65% at SBM Bank (India) Ltd..
Rates vary by bank, so compare before you book, and remember the rupee carries exchange-rate risk on conversion. All banks below are RBI-licensed with DICGC cover up to ₹5 lakh. The table is ranked best-first; to stay in foreign currency instead, see FCNR(B) rates.
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