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.01/06/2017)
1AUD1 year & above but less than 2 years 2.27
2 years & above but less than 3 years 2.32
3 years & above but less than 4 years 2.41
4 years & above but less than 5 years 2.66
5 years only 2.77
2CAD1 year & above but less than 2 years 1.70
2 years & above but less than 3 years 1.63
3 years & above but less than 4 years 1.73
4 years & above but less than 5 years 1.82
5 years only 1.90
3EUR1 year & above but less than 2 years 0.32
2 years & above but less than 3 years 0.39
3 years & above but less than 4 years 0.48
4 years & above but less than 5 years 0.59
5 years only 0.71
4GBP1 year & above but less than 2 years 0.90
2 years & above but less than 3 years 1.07
3 years & above but less than 4 years 1.13
4 years & above but less than 5 years 1.21
5 years only 1.29
5USD 1 year & above but less than 2 years 2.16
2 years & above but less than 3 years 2.50
3 years & above but less than 4 years 2.65
4 years & above but less than 5 years 2.77
5 years only 2.84
  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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