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NRE & FCNR Rates
 

INTEREST RATES FOR FCNR (B)/ RFC DEPOSITS W.E.F. 03.08.2017(Intt. rates per annum)

 

Deposit Period
Interest Rates w.e.f. 11.07.2017
New Rates w.e.f. 03.08.2017

 

USD

GBP

EUR

AUD

CAD

JPY

 

USD

GBP

EUR

AUD

CAD

JPY

 

1 year to < 2 years

 

2.25

1.40

0.30

2.65

2.05

0.50

2.25

1.40

0.30

2.65

2.05

0.50

2 years to < 3 years

 

2.59

1.60

0.40

3.00

2.25

0.50

2.59

1.60

0.40

3.00

2.25

0.50

3 years to < 4 years

 

2.80

1.50

0.50

3.05

2.45

0.50

2.80

1.50

0.50

3.05

2.45

0.50

4 years to < 5 years

 

2.82

1.50

0.45

3.40

2.50

0.50

2.82

1.50

0.45

3.40

2.50

0.50

5 years only

2.91

1.50

0.40

3.25

2.50

0.50

2.91

1.50

0.40

3.25

2.50

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. 11.08.2017

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

6.40%

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 Rs. 1 cr & above then