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Forex Interest Rates

Non Resident Ordinary Deposits - 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.
 
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. 01/01/2020

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 0.69% 1.75% 2.76% - 3.16% 1.86%
2 Year - <3 Year 0.71% 1.82% 2.66% - 3.00% 1.91%
3 Year - <4 Year 0.76% 1.85% 2.90% - 3.27% 1.97%
4 Year <5 Year 0.83% 1.88% 2.91% - 3.28% 2.14%
5 Year only 0.88% 1.92% 2.93% - 3.30% 2.20%
 
Resident Foreign Currency Account (RFC) w.e.f. 01/01/2020  

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 0.69% 1.75% 2.76% -
2 Year - <3 Year 0.71% 1.82% 2.66% -
3 Year 0.76% 1.85% 2.90% -
 
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. 01/01/2020  
CURRENCY NATIONAL RATES
USD Rs. 71/-
GBP Rs. 93/-
EURO Rs. 79/-
CAD Rs. 54/-
AUD Rs. 49/-
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