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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. 01.11.2014)
1
USD

1 year & above but less than 2 years

2.34

2 years & above but less than 3 years

2.72

3 years & above but less than 4 years

4.14

4 years & above but less than 5 years

4.48

5 years only

4.76

2
GBP

1 year & above but less than 2 years

2.71

2 years & above but less than 3 years

3.11

3 years & above but less than 4 years

4.39

4 years & above but less than 5 years

4.61

5 years only

4.79

3
EURO

1 year & above but less than 2 years

2.21

2 years & above but less than 3 years

2.24

3 years & above but less than 4 years

3.29

4 years & above but less than 5 years

3.36

5 years only

3.47

4
CAD

1 year & above but less than 2 years

3.46

2 years & above but less than 3 years

3.46

3 years & above but less than 4 years

4.63

4 years & above but less than 5 years

4.81

5 years only

4.97

5
AUD

1 year & above but less than 2 years

4.72

2 years & above but less than 3 years

4.77

3 years & above but less than 4 years

5.86

4 years & above but less than 5 years

6.08

5 years only

6.17

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

Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.

Above rates are applicable to RFC(TD) also.

All other terms and conditions remain unchanged.

 

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