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.01/01/2017)
1AUD1 year & above but less than 2 years 2.92
2 years & above but less than 3 years 3.08
3 years & above but less than 4 years 3.24
4 years & above but less than 5 years 3.59
5 years only 3.65
2CAD1 year & above but less than 2 years 2.10
2 years & above but less than 3 years 2.12
3 years & above but less than 4 years 2.27
4 years & above but less than 5 years 2.39
5 years only 2.49
3EUR1 year & above but less than 2 years 0.87
2 years & above but less than 3 years 0.85
3 years & above but less than 4 years 0.90
4 years & above but less than 5 years 0.98
5 years only 1.08
4GBP1 year & above but less than 2 years 1.42
2 years & above but less than 3 years 1.61
3 years & above but less than 4 years 1.69
4 years & above but less than 5 years 1.78
5 years only 1.88
5USD 1 year & above but less than 2 years 2.20
2 years & above but less than 3 years 2.48
3 years & above but less than 4 years 2.69
4 years & above but less than 5 years 2.87
5 years only 2.98
  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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.
  • 2015 Syndicate Bank. All Rights Reserved         This Website is best viewed at 1280 x 800