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).