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Forex Interest Rates

Non Resident Ordinary Deposits - w.e.f. 12/11/2020  
Balance at End of the day Rate of Interest in %
Upto 20 Lakhs 3.10
Above 20 Lakhs 3.10% pa.
 
NON RESIDENT (EXTERNAL) RUPEE SAVINGS A/C w.e.f. 04/09/2017  
Balance at End of the day Rate of Interest in % w.e.f. 04.09.2017
Upto 20 Lakhs 3.50% pa.
Above 20 Lakhs 4.00% pa.
Note: All these interest rates are subject to change without notice.


Non Resident External (NRE) Term Deposits Click here

 
Interest Rates on Foreign Currency Deposites  

Foreign Currency ( Non Resident ) Accounts ( Banks ) Scheme - FCNR(B) w.e.f. 12/02/2021

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 0.02% 0.50% 0.97% - 1.12% 0.58%
2 Year - <3 Year 0.02% 0.60% 0.97% - 1.02% 0.60%
3 Year - <4 Year 0.04% 0.66% 1.03% - 1.13% 0.67%
4 Year <5 Year 0.08% 0.72% 1.15% - 1.26% 0.82%
5 Year only 0.12% 0.78% 1.28% - 1.38% 0.97%
 
Resident Foreign Currency Account (RFC) w.e.f. 12/02/2021  

For Current Account : No interest is payable ( as per existing RBI Guidelines )

RFC SB Deposits EURO GBP USD JPY
Figures in %age - - - -
 
RFC Term Deposits  
Tenure EURO GBP USD JPY
1 Year - <2 Year 0.02% 0.50% 0.97% -
2 Year - <3 Year 0.02% 0.60% 0.97% -
3 Year 0.04% 0.66% 1.03% -
 
National Rates For all Fresh Foreign Currency Transactions Relating To FCNR(B), EEFC, RFC,RFC (Domestic), PCFC, EBRD, FCDL and Investment with Bank, Wherever Applicable, w.e.f. 01/01/2021  
CURRENCY NATIONAL RATES
USD Rs. 73/-
GBP Rs. 99/-
EURO Rs. 89/-
CAD Rs. 57/-
AUD Rs. 56/-
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