Calculate your returns on Non-Resident External (NRE) Fixed Deposits accurately. This tool helps NRIs estimate maturity amounts based on the principal investment and current Axis Bank interest rates.
Quarterly (Standard)
Monthly
Half-Yearly
Yearly
NRE FDs require a minimum tenure of 1 year.
Principal Amount:₹0
Total Interest Earned:₹0
Maturity Value:₹0
Note: Interest earned on NRE Fixed Deposits is fully tax-free in India.
Understanding Axis Bank NRE Fixed Deposits
Non-Resident External (NRE) Fixed Deposits are one of the most popular investment avenues for Non-Resident Indians (NRIs) looking to park their foreign earnings in India. The Axis Bank NRE FD Calculator allows you to determine exactly how much your savings will grow over a specific tenure.
Key Features of NRE FDs
Tax Exemption: The interest earned on NRE deposits is completely tax-free in India under current tax laws.
Full Repatriability: Both the principal amount and the interest earned are fully repatriable to your country of residence without any restrictions.
Currency: Accounts are maintained in Indian Rupees (INR). Foreign currency deposited is converted to INR at the prevailing exchange rate.
Minimum Tenure: As per RBI regulations, NRE FDs must have a minimum tenure of 1 year to earn interest.
How the Calculation Works
Most Indian banks, including Axis Bank, use the compound interest formula for fixed deposits with a tenure of 6 months or more (though NRE is min 1 year). The interest is typically compounded quarterly.
The formula used in this calculator is:
A = P * (1 + r/n)^(n*t)
Where:
A = Maturity Amount
P = Principal Deposit Amount
r = Annual Interest Rate (in decimal)
n = Number of times interest compounds per year (usually 4 for Quarterly)
t = Number of years
Current Axis Bank NRE FD Rate Trends (Example)
Note: Rates are subject to change by the bank. Please verify the latest rates on the official Axis Bank website before investing.
Tenure
Interest Rate (Approx. p.a.)
1 Year to < 15 Months
6.70% – 7.10%
15 Months to < 5 Years
7.10% – 7.20%
5 Years to 10 Years
7.00%
Who Should Open an NRE FD?
This account is ideal for NRIs who want to transfer their foreign income to India, keep it in Indian Rupees, earn high returns compared to savings accounts, and retain the flexibility to move the money back abroad (repatriation) whenever required.
function calculateNREFD() {
// 1. Get Input Values
var principalInput = document.getElementById("depositAmount");
var rateInput = document.getElementById("interestRate");
var yearsInput = document.getElementById("tenureYears");
var monthsInput = document.getElementById("tenureMonths");
var freqSelect = document.getElementById("compoundingFreq");
var errorDiv = document.getElementById("tenureError");
var resultDiv = document.getElementById("result");
// 2. Parse values
var P = parseFloat(principalInput.value);
var R = parseFloat(rateInput.value);
var years = parseFloat(yearsInput.value) || 0;
var months = parseFloat(monthsInput.value) || 0;
var n = parseFloat(freqSelect.value); // Compounding frequency
// 3. Validation
if (isNaN(P) || P <= 0) {
alert("Please enter a valid Deposit Amount.");
return;
}
if (isNaN(R) || R = 1 year
if (t < 1) {
errorDiv.style.display = "block";
resultDiv.style.display = "none";
return;
} else {
errorDiv.style.display = "none";
}
// 4. Calculation Logic
// Formula: A = P * (1 + (R/100)/n)^(n*t)
var rateDecimal = R / 100;
var base = 1 + (rateDecimal / n);
var exponent = n * t;
var maturityAmount = P * Math.pow(base, exponent);
var totalInterest = maturityAmount – P;
// 5. Formatting Output (Indian Currency Format)
var formatter = new Intl.NumberFormat('en-IN', {
style: 'currency',
currency: 'INR',
maximumFractionDigits: 0
});
// 6. Display Results
document.getElementById("displayPrincipal").innerHTML = formatter.format(P);
document.getElementById("displayInterest").innerHTML = formatter.format(totalInterest);
document.getElementById("displayMaturity").innerHTML = formatter.format(maturityAmount);
// Show result box
resultDiv.style.display = "block";
}