FCNR(B) DEPOSITS Interest rate per annum on FCNR(B) Deposits with effect from 01st November 2018

 

 

Currency wise/ Units	Less than 100,000			100,000 to 250,000			Above 250,000
Maturity period/ Currency	USD	EUR	GBP	USD	EUR	GBP	USD	EUR	GBP
1 year to less than 2 years	3.93%	0.84%	1.98%	3.98%	0.89%	2.03%	4.03%	0.94%	2.08%
2 years to less than 3 years	4.05%	0.89%	2.12%	4.05%	0.89%	2.12%	4.05%	0.89%	2.12%
3 years to less than 4 years	4.08%	1.04%	2.22%	4.08%	1.04%	2.22%	4.08%	1.04%	2.22%
4 years to less than 5 years	4.11%	1.20%	2.30%	4.11%	1.20%	2.30%	4.11%	1.20%	2.30%
5 years	4.12%	1.35%	2.36%	4.12%	1.35%	2.36%	4.12%	1.35%	2.36%

Maturity Period/Currency	AUD	CHF	JPY	CAD
1 year to less than 2 years	3.01%	0.46%	1.09%	3.60%
2 years to less than 3 years	3.04%	0.49%	1.07%	3.70%
3 years to less than 4 years	3.11%	0.64%	1.09%	3.76%
4 years to less than 5 years	3.37%	0.79%	1.11%	3.79%
5 years	3.47%	0.93%	1.14%	3.81%

 

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).