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For deposits which are prematurely withdrawn after 1 year, penalty applicable as per below: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