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.01-01-2019)
1AUD1 year & above but less than 2 years 2.48
2 years & above but less than 3 years 2.44
3 years & above but less than 4 years 2.45
4 years & above but less than 5 years 2.67
5 years only 2.75
2CAD1 year & above but less than 2 years 3.04
2 years & above but less than 3 years 2.75
3 years & above but less than 4 years 2.75
4 years & above but less than 5 years 2.77
5 years only 2.80
3EUR1 year & above but less than 2 years 0.29
2 years & above but less than 3 years 0.34
3 years & above but less than 4 years 0.44
4 years & above but less than 5 years 0.56
5 years only 0.71
4GBP1 year & above but less than 2 years 1.51
2 years & above but less than 3 years 1.67
3 years & above but less than 4 years 1.73
4 years & above but less than 5 years 1.79
5 years only 1.83
5USD 1 year & above but less than 2 years 3.50
2 years & above but less than 3 years 3.67
3 years & above but less than 4 years 3.59
4 years & above but less than 5 years 3.33
5 years only 3.36
  • The interest rate is valid for one month and is subject to change on 1st of every month. For latest interest rates kindly contact your Home branch.

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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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