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.01-05-2018)
1AUD1 year & above but less than 2 years 02.56
2 years & above but less than 3 years 02.66
3 years & above but less than 4 years 02.79
4 years & above but less than 5 years 03.06
5 years only 03.16
2CAD1 year & above but less than 2 years 02.63
2 years & above but less than 3 years 02.77
3 years & above but less than 4 years 02.91
4 years & above but less than 5 years 03.00
5 years only 03.05
3EUR1 year & above but less than 2 years 00.25
2 years & above but less than 3 years 00.37
3 years & above but less than 4 years 00.55
4 years & above but less than 5 years 00.74
5 years only 00.91
4GBP1 year & above but less than 2 years 01.38
2 years & above but less than 3 years 01.59
3 years & above but less than 4 years 01.72
4 years & above but less than 5 years 01.82
5 years only 01.89
5USD 1 year & above but less than 2 years 03.29
2 years & above but less than 3 years 03.48
3 years & above but less than 4 years 03.58
4 years & above but less than 5 years 03.63
5 years only 03.91
  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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