NRE fixed deposit: These 3 banks offer up to 6% interest rate on NRE FDs
NRIs use NRE accounts to send money from other countries to India.
NRE accounts can only be opened by the NRI himself, not by the holder of the power of attorney.
The Union Bank of India has the best NRE fixe deposit rates, ranging from 5.75 percent to 6.10 percent for amounts less than Rs 2 crore.
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