FCNR(B) DEPOSITS
Interest rate per annum on FCNR(B) Deposits with effect from 1st May 2018
| Period |
USD |
GBP |
EURO |
AUD |
CHF |
JPY |
CAD |
| 1 year to less than 2 years |
3.59% |
1.93% |
0.80% |
3.11% |
0.47% |
1.10% |
3.18% |
| 2 years to less than 3 years |
3.73% |
2.09% |
0.87% |
3.16% |
0.55% |
1.07% |
3.27% |
| 3 years to less than 4 years |
3.83% |
2.22% |
1.05% |
3.29% |
0.73% |
1.09% |
3.41% |
| 4 years to less than 5 years |
3.88% |
2.32% |
1.24% |
3.56% |
0.88% |
1.10% |
3.50% |
| 5 years |
3.91% |
2.39% |
1.41% |
3.66% |
1.02% |
1.12% |
3.55% |
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).