FCNR(B) DEPOSITS Interest rate per annum on FCNR(B) Deposits with effect from 01st June 2020

 

 

   

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

1.35%

1.25% 0.83% 1.50%

1.40%

0.98% 1.55% 1.45% 1.03%
2 Year to less than 3 Year  1.27% 1.27% 0.71% 1.27% 1.27% 0.71% 1.27% 1.27% 0.71%
3 Year to less than 4 Year 1.29% 1.26% 0.70% 1.29% 1.26% 0.70% 1.29% 1.26% 0.70%
4 Year to less than 5 Year 1.33% 1.27% 0.71% 1.33% 1.27% 0.71% 1.33% 1.27% 0.71%
5 Year  1.38% 1.30% 0.73% 1.38% 1.30% 0.73% 1.38% 1.30%

0.73%

Maturity period/Currency AUD CHF JPY CAD
1 Year to less than 2 Year 1.23% 0.45% 1.06% 1.90%
2 Year to less than 3 Year  1.24% 0.35% 0.98% 1.59%
3 Year to less than 4 Year 1.29% 0.36% 0.97% 1.65%
4 Year to less than 5 Year 1.40% 0.38% 0.96% 1.72%
5 Year 

1.48%

0.42% 0.96% 1.78%

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).