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NRE & FCNR Rates
 

INTEREST RATES FOR FCNR (B)/ RFC DEPOSITS W.E.F. 05.04.2018(Intt. rates per annum)

 

Deposit Period
Interest Rates w.e.f. 31.03.2018
New Rates w.e.f. 05.04.2018

 

USD

GBP

EUR

AUD

CAD

JPY

 

USD

GBP

EUR

AUD

CAD

JPY

 

1 year to < 2 years

 

3.35

1.62

0.45

2.71

2.51

0.50

3.41

1.72

0.45

2.71

2.51

0.50

2 years to < 3 years

 

3.53

1.79

0.60

2.92

2.83

0.50

3.55

1.86

0.60

2.92

2.83

0.50

3 years to < 4 years

 

3.62

2.10

0.69

3.24

2.99

0.50

3.67

2.14

0.69

3.24

2.99

0.50

4 years to < 5 years

 

3.40

2.15

0.72

3.52

3.12

0.50

3.40

2.05

0.60

3.52

3.12

0.50

5 years only

3.45

2.20

1.00

3.52

3.12

0.50

3.45

1.95

0.70

3.52

3.12

0.50

Saving A/c under RFC Scheme

Interest Rate
USD GBP EURO
0.50 0.50 0.30

Further as per RBI guidelines in case of FCNR/NRE deposit no interest shall be payable if the deposit has not run minimum stipulated period, which is presently 1 year.

 REVISED INTEREST RATES ON NON-RESIDENT (EXTERNAL) RUPEE DEPOSITS w.e.f. 11.01.2018

Maturity Period (Buckets) Term Deposits less than Rs. 1 Crore

1 year to less than 2 years

6.60%

2 years to less than 3 years

6.50%

3 years to less than 5 years

6.40%

5 years to 10 years

6.40%
750 Days (Oriental Premium Deposit)                                   6.75%

 
Click here for Interest rates on non-resident (external) term deposits of Rs. 1 cr & above then