Question Summary:
Can i dispose of interest money by giving it to the poor?

Question Detail:

I have a saving (NRE) account in Indian bank. Some interest money deposited by bank. That money can give to poor (needy) people. It is permissible ?

Answer :

In the Name of Allāh, the Most Gracious, the Most Merciful.
As-salāmu ‘alaykum wa-rahmatullāhi wa-barakātuh.
Yes, dispose the interest money by giving it to the poor as Sadaqah without having the intention of reward.[1]
 
And Allah Ta‘āla Knows Best
Fahad Abdul Wahab
Student Darul Iftaa
USA 
Checked and Approved by,
Mufti Ebrahim Desai.
www.Daruliftaa.net