FCNR(B) DEPOSITS Interest rate per annum on FCNR(B) Deposits with effect from 1st January 2018

 

Period USD GBP EURO AUD CHF JPY CAD
1 year to less than 2 years 2.94% 1.68% 0.80% 2.94% 0.46% 1.09% 2.99%
2 years to less than 3 years 3.08% 1.80% 0.85% 3.06% 0.51% 1.06% 3.07%
3 years to less than 4 years 3.17% 1.89% 1.03% 3.21% 0.67% 1.08% 3.17%
4 years to less than 5 years 3.20% 1.97% 1.17% 3.48% 0.77% 1.09% 3.22%
5 years 3.24% 2.03% 1.32% 3.57% 0.86% 1.11% 3.26%

 

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).