Maturity value of an NRE fixed deposit, whose interest India does not tax
Estimates only, not financial advice. What you type stays on your device. Checked against sources on 30 Oct 2026.An NRE fixed deposit is funded with money earned abroad, and India does not tax its interest while you remain a person resident outside India under FEMA, so nothing is deducted and the full interest compounds. Enter the deposit, your bank’s rate and the tenure to see the maturity value, with an NRO deposit of the same size alongside to show what the tax-free status is worth.
FY 2026-27 · Rates and rules read from the sources listed on this page (the earliest on 30 Oct 2026); they may have changed since.
"NRE deposit" is already selected under "Show".
Enter the "Deposit amount" and the tenure in "Tenure, years" and "and months".
Enter the "NRE FD rate" your bank quotes for that tenure.
Read the "NRE maturity, no Indian tax" and the NRO figure beside it, then press "Share result".
A non-resident Indian can hold two kinds of rupee fixed deposit, and the same deposit at the same rate can end with very different amounts. This calculator works out both side by side: the interest, the tax India deducts, and the maturity value.
NRE: no Indian tax. Interest on a Non-Resident (External) account is left out of total income under section 11 and Schedule IV of the Income-tax Act, 2025, for an individual who is a person resident outside India under FEMA. The test is FEMA residence, so the exemption stops once you return to live in India and the account is redesignated. Your country of residence may still tax the interest.
The calculator does not work out your final tax in India, which may be lower than the TDS and refunded when you file a return, and it does not cover FCNR deposits. The rates of law were checked on 29 September 2026; the interest rates are yours to enter.
The rest of the article, and all 6 questions about NRE / NRO FD Calculator, are on the NRE / NRO FD Calculator page.
No. Interest on a Non-Resident (External) account is left out of total income under section 11 and Schedule IV of the Income-tax Act, 2025, for an individual who is a person resident outside India under FEMA. Once you return to live in India, the account must be redesignated and the interest becomes taxable. Your country of residence may tax it anyway.
For money earned abroad, an NRE deposit usually ends ahead because its interest is not taxed in India, and both principal and interest can be sent back freely. An NRO deposit is for income earned in India, such as rent or pension. Compare both here at your bank's rates: on ₹10 lakh at 7% for a year, the gap is ₹22,420.
Yes, if your total income in India is taxed at less than what was deducted. File an Indian income-tax return for the year, declare the interest and claim the TDS shown in your tax credit statement; the excess is refunded. The calculator shows the TDS the bank deducts, not the tax you finally owe.
No. FCNR deposits are held in a foreign currency, so their value in rupees depends on the exchange rate, which this calculator does not model. FCNR interest has its own tax treatment, which is not covered here either. Use this page for rupee NRE and NRO fixed deposits with quarterly compounding.
Rates and rules change; check the source before you rely on a figure.
Still stuck? Ask about NRE / NRO FD Calculator and anybody who knows can answer. No account needed.
Same job, other tools: PF Calculator – What your PF account will hold when you retire · STT Calculator – Securities transaction tax by segment, at the rates in force since 1 April 2026 · Income Tax Calculator FY 2025-26 – Tax for the year ended 31 March 2026, for a return you are still filing · Income Tax Calculator FY 2026-27 (AY 2027-28) – Tax on your salary for the year that started on 1 April 2026.
On the related tools: Step-up SIP Calculator – See how raising your SIP every year changes the final corpus.
More for India: all 48 India calculators.