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NRE & FCNR Rates
 

INTEREST RATES FOR FCNR (B)/ RFC DEPOSITS W.E.F. 04.01.2018(Intt. rates per annum)

 

Deposit Period
Interest Rates w.e.f. 11.12.2017
New Rates w.e.f. 04.01.2018

 

USD

GBP

EUR

AUD

CAD

JPY

 

USD

GBP

EUR

AUD

CAD

JPY

 

1 year to < 2 years

 

2.78

1.55

0.30

2.65

2.25

0.50

3.06

1.73

0.55

2.72

2.39

0.50

2 years to < 3 years

 

2.80

1.75

0.40

3.00

2.45

0.50

3.30

1.89

0.65

3.15

2.70

0.50

3 years to < 4 years

 

2.85

1.70

0.45

3.05

2.65

0.50

3.35

1.94

0.74

3.25

2.82

0.50

4 years to < 5 years

 

2.95

1.65

0.40

3.40

2.70

0.50

3.40

2.00

0.87

3.60

2.93

0.50

5 years only

3.00

1.65

0.30

3.25

2.70

0.50

3.45

2.05

0.99

3.47

2.93

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