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.01-11-2018)
1AUD1 year & above but less than 2 years 2.46
2 years & above but less than 3 years 2.54
3 years & above but less than 4 years 2.61
4 years & above but less than 5 years 2.87
5 years only 2.97
2CAD1 year & above but less than 2 years 3.05
2 years & above but less than 3 years 3.20
3 years & above but less than 4 years 3.26
4 years & above but less than 5 years 3.29
5 years only 3.31
3EUR1 year & above but less than 2 years 0.29
2 years & above but less than 3 years 0.39
3 years & above but less than 4 years 0.54
4 years & above but less than 5 years 0.70
5 years only 0.85
4GBP1 year & above but less than 2 years 1.43
2 years & above but less than 3 years 1.62
3 years & above but less than 4 years 1.72
4 years & above but less than 5 years 1.80
5 years only 1.86
5USD 1 year & above but less than 2 years 3.64
2 years & above but less than 3 years 4.06
3 years & above but less than 4 years 4.08
4 years & above but less than 5 years 3.86
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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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