Interest Rate

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FCNR (B) Interest rates are effective from the date of 01 December 2023
Maturity	USD (< 0.5 mio)	USD (>= 0.5 mio)	GBP	EURO	AUD	SGD
1 Year	5.95%	5.95%	5.85%	4.25%	5.30%	4.30%
>1 Year - Less than 2 Year	5.65%	5.65%	5.55%	4.00%	5.00%	4.00%
2 Year - Less than 3 Year	4.60%	4.60%	4.60%	3.00%	4.40%	3.00%
3 Year - Less than 4 Year	4.00%	4.00%	4.00%	2.40%	4.05%	No Quote
4 Year - Less than 5 Year	3.50%	3.50%	No Quote	No Quote	No Quote	No Quote
5 Year Only	3.50%	3.50%	No Quote	No Quote	No Quote	No Quote

Interest Rates are subject to change without notice.

Rates for Senior Citizen category not available for RFC or FCNR[B] Deposits

For FCNR[B] deposits:

Minimum tenure to book FCNR (B) deposit is 1 year

No interest would be paid if the said deposit is pre-closed in less than a year.

For deposits which are prematurely withdrawn after 1 year, penalty applicable as per below:

Premat Penalty	USD(< 0.5 mio)	USD(≥ 0.5 mio)	GBP	EURO	YEN	AUD	SGD
Premat Penalty	0.25%	0.25%	0.25%	0.00%	0.00%	0.25%	0.10%

Disclaimer

* Rates for Senior Citizen category not available for FCNR Deposits.
No interest will be payable for FCNR Deposits staying less than 1 year.
Acceptance of deposits of USD 1 mio and above [or equivalent] is at the discretion of the Bank.

RFC Deposit Interest rates are effective from the date of 01 December, 2023
RFC Deposit	USD (< 0.5 mio)	USD (≥ 0.5 mio)	GBP	EURO	AUD	SGD
30 days - Less than 6 months	0.75%	0.75%	0.45%	No Quote	0.01%	0.01%
6 months - Less than 1 Year	1.50%	1.50%	1.30%	No Quote	0.01%	0.01%
1 Year	5.95%	5.95%	5.85%	4.25%	5.30%	4.30%
>1 Year - Less than 2 years	5.65%	5.65%	5.55%	4.00%	5.00%	4.00%
2 year - Less than 3 Year	4.60%	4.60%	4.60%	3.00%	4.40%	3.00%
3 Years Only	4.00%	4.00%	4.00%	2.40%	4.05%	No Quote

Eligibility for RFC Deposit:

NRI who has returned to India on or after 18^th April, 1992.
Customer is resident outside India for a continuous period of not less than 1 year prior to his return.
Customer has been permanently settled in India since return.

Please Note : For all RFC deposits [for maturity of less than and greater than 1 year], Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank [with floor of 0].

Frequently Asked Questions

In which currency is my FCNR (B) deposit maintained?

Your FCNR deposit will be maintained in the following currency as specified / choose at the time of booking deposit. These are: USD, GBP, EURO, AUD, SGD and JPY currencies.