NRE FD Calculator India — Non-Resident External Fixed Deposit 2026

Last updated: 29 April 2026 Reviewed by Deepa Krishnan, CFP

**NRE (Non-Resident External) FDs** allow NRIs to deposit foreign earnings in India in Indian rupees. The interest earned on NRE FDs is completely exempt from Indian income tax and freely repatriable to any country. Current NRE FD rates range from 6.5% to 8% p.a. depending on the bank and tenure.

Deposit Amount (₹)

Interest Rate (% p.a.)

Tenure (Years)

Tenure (Months)

Compounding Frequency

Maturity Amount —

Interest Earned —

Effective Annual Yield —

View Year-by-Year Breakdown

Real-World Examples — 2026

₹1 lakh deposit at 7% for 3 years (quarterly compounding)

Investing ₹1 lakh at 7% p.a. with quarterly compounding for 3 years yields ₹1,23,144. Effective annual yield is 7.19% — slightly higher than the nominal rate due to quarterly compounding.

₹5 lakh deposit for 5 years — FD vs RD

A ₹5 lakh FD at 7.1% for 5 years grows to approximately ₹7,08,867 (quarterly). Contrast with an RD of ₹8,333/month for 5 years at 7.1% — total deposited ₹5 lakh, maturity ₹5,99,714.

Frequently Asked Questions

How accurate is the NRE FD Calculator?

The NRE FD Calculator uses standard financial formulas. Results are indicative; actual figures depend on your lender or financial institution's policies.

Is the NRE FD Calculator free to use?

Yes, the NRE FD Calculator on CalcPhi is completely free with no registration required.

Are my data inputs stored?

No. All calculations happen in your browser. We do not store any of your financial data.

How often are the NRE FD Calculator rates updated?

Rates in examples are updated periodically to reflect current market conditions. Always verify with your bank or advisor.

Can I use the NRE FD Calculator on mobile?

Yes. CalcPhi is fully mobile-optimised. The calculator works on all modern smartphones and tablets.

Who should use this calculator?

Anyone in India planning their finances can benefit from the NRE FD Calculator. It's designed for both beginners and experienced investors.