FCNR(B) DEPOSITS Interest rate per annum on FCNR(B) Deposits with effect from 01st November 2019

 

 

   

Currency wise units Less than 250,000 250,000-500,000 Above 500,000
Maturity period/Currency USD GBP EUR USD GBP EUR USD GBP EUR
1 Year to less than 2 Year

2.77%

1.79% 0.70% 2.87% 1.89% 0.80% 2.97% 1.99% 0.90%
2 Year to less than 3 Year  2.62% 1.77% 0.64% 2.62% 1.77% 0.64% 2.62% 1.77% 0.64%
3 Year to less than 4 Year 2.55% 1.76% 0.67% 2.55% 1.76% 0.67% 2.55% 1.76% 0.67%
4 Year to less than 5 Year 2.56% 1.76% 0.70% 2.56% 1.76% 0.70% 2.56% 1.76% 0.70%
5 Year  2.55% 1.76% 0.75% 2.55% 1.76% 0.75% 2.55% 1.76% 0.75%

Maturity period/Currency AUD CHF JPY CAD
1 Year to less than 2 Year 1.94% 0.38% 0.98% 3.14%
2 Year to less than 3 Year  1.85% 0.34% 0.91% 2.84%
3 Year to less than 4 Year 1.87% 0.39% 0.91% 2.82%
4 Year to less than 5 Year 2.00% 0.44% 0.89% 2.81%
5 Year 

2.04%

0.47% 0.90% 2.80%

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).