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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. 01.04.2014)
1
USD

1 year & above but less than 2 years

2.56

2 years & above but less than 3 years

2.59

3 years & above but less than 4 years

4.05

4 years & above but less than 5 years

4.48

5 years only

4.85

2
GBP

1 year & above but less than 2 years

2.91

2 years & above but less than 3 years

3.49

3 years & above but less than 4 years

4.82

4 years & above but less than 5 years

5.07

5 years only

5.29

3
EURO

1 year & above but less than 2 years

2.55

2 years & above but less than 3 years

2.49

3 years & above but less than 4 years

3.64

4 years & above but less than 5 years

3.82

5 years only

4.01

4
CAD

1 year & above but less than 2 years

3.47

2 years & above but less than 3 years

3.40

3 years & above but less than 4 years

4.61

4 years & above but less than 5 years

4.86

5 years only

5.09

5
AUD

1 year & above but less than 2 years

4.71

2 years & above but less than 3 years

4.96

3 years & above but less than 4 years

6.23

4 years & above but less than 5 years

6.53

5 years only

6.74

It may be noted that the Bank has taken a decision to accept FCNR(B) Deposits under Currencies GBP/EUR/CAD/AUD also for tenor ranging from 1 year to 5 years as against the earlier fixed tenor of 1 year 1 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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