SBI NRI Services - FCNR Deposit Interest Rate - Interest Rates
FCNR Deposit Interest Rate
FOREIGN CURRENCY NON-RESIDENT DEPOSITS (FCNR(B)) (% P.A.) w.e.f. 10.03.2023 | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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 |
5.25 |
5.32 |
4.50 |
4.56 |
1.50 |
1.52 |
4.30 |
4.36 |
3.60 |
3.65 |
0.02 |
0.02 |
|
Above 1 year to less than 2 years |
5.25 |
5.54 |
4.50 |
4.72 |
1.50 |
1.54 |
4.30 |
4.51 |
3.60 |
3.75 |
0.02 |
0.02 |
|
2 years to less than 3 years |
4.20 |
4.49 |
2.35 |
2.46 |
1.50 |
1.55 |
4.10 |
4.38 |
3.50 |
3.71 |
0.05 |
0.05 |
|
3 years to less than 4 years |
4.05 |
4.41 |
2.45 |
2.60 |
1.50 |
1.56 |
3.85 |
4.18 |
3.00 |
3.21 |
0.05 |
0.05 |
|
4 years to less than 5 years |
4.10 |
4.57 |
2.45 |
2.63 |
1.50 |
1.57 |
3.70 |
4.09 |
3.00 |
3.26 |
0.05 |
0.05 |
|
5 years |
4.15 |
4.63 |
2.45 |
2.63 |
1.50 |
1.57 |
3.60 |
3.97 |
3.00 |
3.26 |
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- No interest is payable, if the deposit is withdrawn before one year.
- No premature penalty for the deposit withdrawn after completion of one year.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 : Thursday, 09-03-2023

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above
SBI NRI Services Interest Rates

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
less than Rs.10 Cr. w.e.f 15.10.22
3.00% p.a.
Rs.10 Cr. and above w.e.f 15.10.22
2.70% p.a.
Balance below Rs. 10 crs
3.00% p.a.
Balance Rs. 10 crores and above