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FCNR Deposit Interest Rate
FOREIGN CURRENCY NON-RESIDENT DEPOSITS (FCNR(B)) (% P.A.) w.e.f. 10.06.2022
CURRENCY USD GBP EURO CAD AUD JPY
PERIOD OF THE DEPOSIT RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD*

1 year

1.80

1.83

1.75

1.77

0.01

0.01

1.80

1.83

0.70

0.71

0.02

0.02

Above 1 year to less than  2 years

1.80

1.85

1.75

1.80

0.01

0.01

1.80

1.85

0.70

0.71

0.02

0.02

2 years to less than 3 years

2.15

2.24

2.10

2.19

0.01

0.01

2.37

2.48

1.20

1.24

0.05

0.05

3 years to less than 4 years

2.30

2.43

2.20

2.32

0.01

0.01

2.62

2.78

1.55

1.62

0.05

0.05

4 years to less than 5 years

2.35

2.51

2.20

2.35

0.10

0.10

2.67

2.88

1.80

1.90

0.05

0.05

5 years

2.45

2.63

2.20

2.35

0.15

0.15

2.67

2.88

1.95

2.07

0.05

0.05
* Annualised yield at the end of the period.

* Rates are subject to change, without prior notice

  • Rates are subject to change, without prior notice.
  • Annualised yield calculated on the maximum period under the respective period bucket.
  • For 1 year’s FCNR (B) deposit, simple Interest is applicable.
  • For FCNR (B) deposit above 1 year, Interest is compounded at half yearly frequency.
Premature withdrawals of FCNR (B) Deposits :
  • No interest is payable, if the deposit is withdrawn before one year.
  • No premature penalty for the deposit withdrawn after completion of one year. However, interest shall be paid at the rate applicable for the period deposit has remained with the Bank.
  • Above interest will be paid at the rate available on the date of deposit.

Last Updated On : Friday, 10-06-2022

Interest Rates

7.55%* p.a.

w.e.f. 15.06.2022

*T&C Apply.

 

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