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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. 01.01.2015)
1
USD

1 year & above but less than 2 years

2.45

2 years & above but less than 3 years

2.89

3 years & above but less than 4 years

4.30

4 years & above but less than 5 years

4.57

5 years only

4.77

2
GBP

1 year & above but less than 2 years

2.65

2 years & above but less than 3 years

2.93

3 years & above but less than 4 years

4.15

4 years & above but less than 5 years

4.33

5 years only

4.45

3
EURO

1 year & above but less than 2 years

2.18

2 years & above but less than 3 years

2.18

3 years & above but less than 4 years

3.22

4 years & above but less than 5 years

3.29

5 years only

3.36

4
CAD

1 year & above but less than 2 years

3.48

2 years & above but less than 3 years

3.46

3 years & above but less than 4 years

4.59

4 years & above but less than 5 years

4.70

5 years only

4.81

5
AUD

1 year & above but less than 2 years

4.53

2 years & above but less than 3 years

4.42

3 years & above but less than 4 years

5.42

4 years & above but less than 5 years

5.60

5 years only

5.69

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Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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