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.01/05/2017)
1AUD1 year & above but less than 2 years 2.34
2 years & above but less than 3 years 2.42
3 years & above but less than 4 years 2.56
4 years & above but less than 5 years 2.88
5 years only 3.01
2CAD1 year & above but less than 2 years 1.75
2 years & above but less than 3 years 1.65
3 years & above but less than 4 years 1.76
4 years & above but less than 5 years 1.86
5 years only 1.95
3EUR1 year & above but less than 2 years 0.35
2 years & above but less than 3 years 0.42
3 years & above but less than 4 years 0.53
4 years & above but less than 5 years 0.64
5 years only 0.77
4GBP1 year & above but less than 2 years 0.92
2 years & above but less than 3 years 1.12
3 years & above but less than 4 years 1.19
4 years & above but less than 5 years 1.27
5 years only 1.35
5USD 1 year & above but less than 2 years 2.19
2 years & above but less than 3 years 2.58
3 years & above but less than 4 years 2.72
4 years & above but less than 5 years 2.82
5 years only 2.92
  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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