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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. 01.10.2014)
1
USD

1 year & above but less than 2 years

2.38

2 years & above but less than 3 years

2.82

3 years & above but less than 4 years

4.29

4 years & above but less than 5 years

4.69

5 years only

4.96

2
GBP

1 year & above but less than 2 years

2.80

2 years & above but less than 3 years

3.28

3 years & above but less than 4 years

4.61

4 years & above but less than 5 years

4.85

5 years only

5.03

3
EURO

1 year & above but less than 2 years

2.19

2 years & above but less than 3 years

2.20

3 years & above but less than 4 years

3.26

4 years & above but less than 5 years

3.34

5 years only

3.47

4
CAD

1 year & above but less than 2 years

3.47

2 years & above but less than 3 years

3.45

3 years & above but less than 4 years

4.67

4 years & above but less than 5 years

4.85

5 years only

5.02

5
AUD

1 year & above but less than 2 years

4.74

2 years & above but less than 3 years

4.83

3 years & above but less than 4 years

5.94

4 years & above but less than 5 years

6.18

5 years only

6.33

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Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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