FCNR(B) DEPOSITS Interest rate per annum on FCNR(B) Deposits with effect from 1st March 2021
Maturity period/Currency USD
GBP
EUR
AUD
CHF
JPY
CAD
1 Year to less than 2 Year 0.87% 0.75% 0.16% 0.80% 0.00% 0.62% 1.27%
2 Year to less than 3 Year  0.86% 0.85% 0.13% 0.82% 0.00% 0.58% 1.28%
3 Year to less than 4 Year 1.04% 0.98% 0.18% 0.97% 0.05% 0.60% 1.52%
4 Year to less than 5 Year 1.25% 1.10% 0.24% 1.25% 0.11% 0.62% 1.78%
5 Year  1.47% 1.21% 0.31% 1.52% 0.26% 0.64% 2.00%

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).