New Delhi, July 30 -- Are you a Non-Resident Indian (NRI) aiming to park savings in India? Then you can definitely consider a unique opportunity to invest your funds in the Non-Resident External (NRE) Fixed Deposits, with several prominent banking institutions currently offering rates of up to 7.50% on deposits of up to Rs.1 crore.

In the comparison list below, DCB Bank offers one of the most lucrative interest rates, at 7.50%, for deposits with tenures of two to less than three years and for tenures beyond five years.

An NRE fixed deposit permits NRIs to invest funds in India by remitting funds in any freely convertible foreign currency. One of the most meaningful advantages of such a fixed deposit is that the interest earned is tax-fr...