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Interest Rate on FCNR (B)

Interest Rate on FCNR (B)

The Current Interest Rates on FCNR(B) Deposits in US Dollars, GBP, EURO, CAD and AUD are given below:

Sr.No. Currency Period Rate of Interest (% p.a.) 
(w.e.f.01/09/2019)
1 AUD 1 year & above but less than 2 years 1.34
2 years & above but less than 3 years 1.23
3 years & above but less than 4 years 1.23
4 years & above but less than 5 years 1.32
5 years only 1.36
2 CAD 1 year & above but less than 2 years 3.00
2 years & above but less than 3 years 2.15
3 years & above but less than 4 years 2.09
4 years & above but less than 5 years 2.06
5 years only 2.03
3 EUR 1 year & above but less than 2 years 0.11
2 years & above but less than 3 years 0.05
3 years & above but less than 4 years 0.00
4 years & above but less than 5 years 0.05
5 years only 0.08
4 GBP 1 year & above but less than 2 years 1.47
2 years & above but less than 3 years 1.25
3 years & above but less than 4 years 1.22
4 years & above but less than 5 years 1.20
5 years only 1.19
5 USD 1 year & above but less than 2 years 2.80
2 years & above but less than 3 years 3.14
3 years & above but less than 4 years 2.42
4 years & above but less than 5 years 2.37
5 years only 2.34

The interest rate is valid for one month and is subject to change on 1st of every month. For latest interest rates kindly contact your Home branch.
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Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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