FCNR(B) DEPOSITS Interest rate per annum on FCNR(B) Deposits with effect from 01st November 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
3.93%
0.84%
1.98%
3.98%
0.89%
2.03%
4.03%
0.94%
2.08%
2 years to less than 3 years
4.05%
0.89%
2.12%
4.05%
0.89%
2.12%
4.05%
0.89%
2.12%
3 years to less than 4 years
4.08%
1.04%
2.22%
4.08%
1.04%
2.22%
4.08%
1.04%
2.22%
4 years to less than 5 years
4.11%
1.20%
2.30%
4.11%
1.20%
2.30%
4.11%
1.20%
2.30%
5 years
4.12%
1.35%
2.36%
4.12%
1.35%
2.36%
4.12%
1.35%
2.36%

Maturity Period/Currency AUD CHF JPY CAD
1 year to less than 2 years 3.01% 0.46% 1.09% 3.60%
2 years to less than 3 years 3.04% 0.49% 1.07% 3.70%
3 years to less than 4 years 3.11% 0.64% 1.09% 3.76%
4 years to less than 5 years 3.37% 0.79% 1.11% 3.79%
5 years 3.47% 0.93% 1.14% 3.81%

 

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).