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Home >> NRE & FCNR Rates
NRE & FCNR Rates
 

INTEREST RATES FOR FCNR (B)/ RFC DEPOSITS W.E.F. 01.02.2017(Intt. rates per annum)

 

Deposit Period
Interest Rates w.e.f. 01.01.2017
New Rates w.e.f.  01.02.2017

 

USD

GBP

EUR

AUD

CAD

JPY

 

USD

GBP

EUR

AUD

CAD

JPY

 

1 year to < 2 years

 

2.15

1.30

0.35

2.65

1.95

0.50

2.20

1.35

0.35

2.65

1.95

0.50

2 years to < 3 years

 

2.22

1.50

0.40

2.90

2.00

0.50

2.50

1.55

0.40

2.90

2.00

0.50

3 years to < 4 years

 

2.45

1.50

0.45

2.95

2.15

0.50

2.70

1.55

0.50

2.95

2.15

0.50

4 years to < 5 years

 

2.60

1.50

0.50

3.35

2.25

0.50

2.75

1.55

0.55

3.35

2.25

0.50

5 years only

2.65

1.60

0.55

3.30

2.35

0.50

2.75

1.65

0.60

3.30

2.35

0.50

Saving A/c under RFC Scheme

Interest Rate
USD GBP EURO
0.50 1.00 0.50

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. 18.11.2016

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

1 year to less than 2 years

7.00%

2 years to less than 3 years

6.75%

3 years to less than 5 years

6.50%

5 years to 10 years

6.75%

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