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/- |
