FCNR(B) DEPOSITS Interest rate per annum on FCNR(B) Deposits with effect from 01st August 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	3.73%	0.82%	1.98%	3.78%	0.87%	2.03%	3.83%	0.92%	2.08%
2 years to less than 3 years	3.88%	0.86%	2.13%	3.88%	0.86%	2.13%	3.88%	0.86%	2.13%
3 years to less than 4 years	3.92%	1.04%	2.24%	3.92%	1.04%	2.24%	3.92%	1.04%	2.24%
4 years to less than 5 years	3.94%	1.19%	2.33%	3.94%	1.19%	2.33%	3.94%	1.19%	2.33%
5 years	3.95%	1.34%	2.40%	3.95%	1.34%	2.40%	3.95%	1.34%	2.40%

Maturity Period/Currency	AUD	CHF	JPY	CAD
1 year to less than 2 years	3.09%	0.44%	1.09%	3.32%
2 years to less than 3 years	3.13%	0.50%	1.06%	3.39%
3 years to less than 4 years	3.21%	0.66%	1.07%	3.48%
4 years to less than 5 years	3.45%	0.81%	1.10%	3.54%
5 years	3.54%	0.95%	1.12%	3.58%

 

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).