Interest Rate on FCNR (B)
The Current Interest Rates on FCNR(B) Deposits in US Dollars, GBP, EURO, CAD and AUD are given below:
Sr.No.CurrencyPeriodRate of Interest (% p.a.)
(w.e.f.01/07/2018)
1AUD1 year & above but less than 2 years 2.57
2 years & above but less than 3 years 2.60
3 years & above but less than 4 years 2.67
4 years & above but less than 5 years 2.92
5 years only 3.01
2CAD1 year & above but less than 2 years 2.62
2 years & above but less than 3 years 2.72
3 years & above but less than 4 years 2.82
4 years & above but less than 5 years 2.88
5 years only 2.92
3EUR1 year & above but less than 2 years 0.28
2 years & above but less than 3 years 0.33
3 years & above but less than 4 years 0.48
4 years & above but less than 5 years 0.62
5 years only 0.77
4GBP1 year & above but less than 2 years 1.35
2 years & above but less than 3 years 1.52
3 years & above but less than 4 years 1.64
4 years & above but less than 5 years 1.73
5 years only 1.80
5USD 1 year & above but less than 2 years 3.34
2 years & above but less than 3 years 3.52
3 years & above but less than 4 years 3.59
4 years & above but less than 5 years 3.62
5 years only 3.88
  • Compounding effect on interest can be given only if deposits are kept for a minimum period of one year and one day.

  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.

  • Above rates are applicable to RFC(TD) also.

  • All other terms and conditions remain unchanged.
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