FCNR(B) DEPOSITS Interest rate per annum on FCNR(B) Deposits with effect from 01st September 2019

 

 

   

Currency wise units Less than 250,000 250,000-500,000 Above 500,000
Maturity period/Currency USD GBP EUR USD GBP EUR USD GBP EUR
1 Year to less than 2 Year  2.85% 1.72% 0.56% 2.95% 1.82% 0.66% 3.05% 1.92% 0.76%
2 Year to less than 3 Year  2.54% 1.65% 0.45% 2.54% 1.65% 0.45% 2.54% 1.65% 0.45%
3 Year to less than 4 Year 2.42% 1.62% 0.44% 2.42% 1.62% 0.44% 2.42% 1.62% 0.44%
4 Year to less than 5 Year 2.37% 1.60% 0.45% 2.37% 1.60% 0.45% 2.37% 1.60% 0.45%
5 Year  2.34% 1.59% 0.48% 2.34% 1.59% 0.48% 2.34% 1.59% 0.48%

Maturity period/Currency AUD CHF JPY CAD
1 Year to less than 2 Year 1.89% 0.14% 0.98% 3.55%
2 Year to less than 3 Year  1.73% 0.05% 0.88% 2.65%
3 Year to less than 4 Year 1.73% 0.02% 0.86% 2.59%
4 Year to less than 5 Year 1.82% 0.06% 0.84% 2.56%
5 Year 

1.86%

0.12% 0.84% 2.53%

Ø There is no pre closure penalty for FCNR(B) deposits.

Ø No interest will be paid if closed within one year and one day (366days).