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).