NRE fixed deposit interest rates guide 2023: SBI vs HDFC Bank vs ICICI Bank vs PNB vs Bank of India

NRI investors looking for high returns on their foreign income have a lucrative option in the form of NRE Fixed Deposits. These deposits allow repatriation of overseas income, offer the opportunity to borrow up to 90% of the deposit at competitive interest rates, and provide a chance to earn substantial tax-free income.