HDFC Website

https://www.mymoneymantra.com/blog/10-best-nre-savings-accounts-for-nris

Bank Name Interest rate (%) Per Annum Minimum Balance to be Maintained
Axis Bank 3% to Repo + (-0.65%) Rs.10,000 or Rs. 25,000, depending on account type
Kotak Mahindra Bank 3.50% Rs.10,000
ICICI Bank 3% to 3.50% Rs.10,000
SBI Bank 2.70% Rs. 1 lakh for Metro & Urban areas, and Rs. 50,000 for Semi-Urban & Rural areas.
Bank of Baroda 2.75% Rs. 1,000
HDFC Bank 3% to 3.50% Rs.10,000 for Metro/Urban branches & Rs.5,000 for Semi-Urban/Rural branches.

Following is the NRE Savings Account Interest Rates Comparison based on high to low interest rate provided by the bank:

Name of the Bank Applicable Rate of Interest Rate (Per Annum)
Yes Bank 4% to 6%
Kotak Mahindra Bank 3.50%
ICICI Bank 3% to 3.50%
HDFC Bank 3% to 3.50%
Axis Bank 3% to Repo + (-0.65%)
Citibank 2.75% to 3.75%
Bank of Baroda 2.75%
SBI Bank 2.70%

Axis Bank NRE Account:

Axis Bank is one of the leading Private Sector banks. Features of the Axis Bank NRE account are as follows.