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. 01/04/2018
| EURO | GBP | USD | JPY | CAD | AUD | |
| 1 Year - <2 Year | 0.74% | 1.94% | 3.40% | - | 3.11% | 2.97% |
| 2 Year - <3 Year | 0.85% | 2.13% | 3.53% | - | 3.24% | 3.06% |
| 3 Year - <4 Year | 1.03% | 2.25% | 3.61% | - | 3.35% | 3.17% |
| 4 Year <5 Year | 1.21% | 2.32% | 3.67% | - | 3.41% | 3.43% |
| 5 Year only | 1.38% | 2.37% | 3.70% | - | 3.44% | 3.52% |
Resident Foreign Currency Account (RFC) w.e.f. 01/04/2018
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 | 0.74% | 1.94% | 3.40% | - |
| 2 Year - <3 Year | 0.85% | 2.13% | 3.53% | - |
| 3 Year | 1.03% | 2.25% | 3.61% | - |
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. 01/04/2018
| CURRENCY | NATIONAL RATES |
|---|---|
| USD | Rs. 65/- |
| GBP | Rs. 92/- |
| EURO | Rs. 80/- |
| CAD | Rs. 51/- |
| AUD | Rs. 50/- |
