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.01-08-2017)
1AUD1 year & above but less than 2 years 2.36
2 years & above but less than 3 years 2.47
3 years & above but less than 4 years 2.61
4 years & above but less than 5 years 2.87
5 years only 2.99
2CAD1 year & above but less than 2 years 2.07
2 years & above but less than 3 years 2.10
3 years & above but less than 4 years 2.23
4 years & above but less than 5 years 2.34
5 years only 2.43
3EUR1 year & above but less than 2 years 0.31
2 years & above but less than 3 years 0.40
3 years & above but less than 4 years 0.53
4 years & above but less than 5 years 0.68
5 years only 0.83
4GBP1 year & above but less than 2 years 0.95
2 years & above but less than 3 years 1.15
3 years & above but less than 4 years 1.24
4 years & above but less than 5 years 1.35
5 years only 1.44
5USD 1 year & above but less than 2 years 2.25
2 years & above but less than 3 years 2.60
3 years & above but less than 4 years 2.70
4 years & above but less than 5 years 2.81
5 years only 2.91
  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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