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  • June 24,2018
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nre and fcnr rates

 
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INTEREST RATES FOR FCNR (B)/ RFC DEPOSITS W.E.F. 11.06.2018(Intt. rates per annum)

 
Deposit Period
Interest Rates w.e.f. 11.05.2018
New Rates w.e.f. 11.06.2018
USD GBP EUR AUD CAD JPY USD GBP EUR AUD CAD JPY
1 year to less than 2 years 3.55 1.66 0.46 2.80 2.53 0.51 3.45 1.56 0.41 2.75 2.53 0.51
2 year to less than 3 years 3.75 1.82 0.62 3.02 2.86 0.51 3.65 1.67 0.57 2.97 2.86 0.51
3 year to less than 4 years 3.89 2.11 0.71 3.36 3.05 0.51 3.79 1.96 0.66 3.31 3.05 0.51
4 year to 3.61 2.00 0.63 3.40 3.21 0.51 3.51 1.85 0.55 3.35 3.21 0.51
5 years only 3.66 1.97 0.73 3.25 3.23 0.51 3.56 1.82 0.63 3.56 3.23 0.51
 
 

Saving A/c under RFC Scheme

 
Interest Rate
USD GBP EURO
0.50 .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 ₹ 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%
   
 

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

 
 
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