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Home >> Products and Services >> Rate Of Interest >> FCNR(B)
 
Interest Rates on FCNR(B)

Rates of Interest on FCNR(B)

The Current Interest Rates on FCNR(B) Deposits in US Dollars, GBP, EURO, CAD and AUD are given below:

S.No.
Currency
Period
Interest Rates
(% p.a)
(w.e.f. 01.08.2014)
1
USD

1 year & above but less than 2 years

2.36

2 years & above but less than 3 years

2.76

3 years & above but less than 4 years

4.21

4 years & above but less than 5 years

4.61

5 years only

4.90

2
GBP

1 year & above but less than 2 years

2.85

2 years & above but less than 3 years

3.37

3 years & above but less than 4 years

4.73

4 years & above but less than 5 years

5.00

5 years only

5.19

3
EURO

1 year & above but less than 2 years

2.32

2 years & above but less than 3 years

2.34

3 years & above but less than 4 years

3.41

4 years & above but less than 5 years

3.52

5 years only

3.66

4
CAD

1 year & above but less than 2 years

3.47

2 years & above but less than 3 years

3.44

3 years & above but less than 4 years

4.63

4 years & above but less than 5 years

4.80

5 years only

4.96

5
AUD

1 year & above but less than 2 years

4.65

2 years & above but less than 3 years

4.78

3 years & above but less than 4 years

5.94

4 years & above but less than 5 years

6.18

5 years only

6.30

Compounding effect on interest can be given only if deposits are kept for a minimum period of one year and one day. 

Above rates are applicable to RFC(TD) also. There is no change in the existing rates for RFC(SB).

All other terms and conditions remain unchanged.

 

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