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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. 01.08.2015)
1
USD

1 year & above but less than 2 years

1.60

2 years & above but less than 3 years

2.00

3 years & above but less than 4 years

2.30

4 years & above but less than 5 years

2.60

5 years only

2.80

2
GBP

1 year & above but less than 2 years

1.80

2 years & above but less than 3 years

2.20

3 years & above but less than 4 years

2.45

4 years & above but less than 5 years

2.65

5 years only

2.75

3
EURO

1 year & above but less than 2 years

1.05

2 years & above but less than 3 years

1.10

3 years & above but less than 4 years

1.20

4 years & above but less than 5 years

1.30

5 years only

1.45

4
CAD

1 year & above but less than 2 years

1.85

2 years & above but less than 3 years

1.80

3 years & above but less than 4 years

1.95

4 years & above but less than 5 years

2.10

5 years only

2.25

5
AUD

1 year & above but less than 2 years

3.10

2 years & above but less than 3 years

3.15

3 years & above but less than 4 years

3.20

4 years & above but less than 5 years

3.45

5 years only

3.60

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Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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