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.01/02/2017)
1AUD1 year & above but less than 2 years 2.85
2 years & above but less than 3 years 2.92
3 years & above but less than 4 years 3.07
4 years & above but less than 5 years 3.43
5 years only 3.55
2CAD1 year & above but less than 2 years 2.10
2 years & above but less than 3 years 2.13
3 years & above but less than 4 years 2.26
4 years & above but less than 5 years 2.39
5 years only 2.50
3EUR1 year & above but less than 2 years 0.80
2 years & above but less than 3 years 0.86
3 years & above but less than 4 years 0.98
4 years & above but less than 5 years 1.08
5 years only 1.22
4GBP1 year & above but less than 2 years 1.44
2 years & above but less than 3 years 1.71
3 years & above but less than 4 years 1.84
4 years & above but less than 5 years 1.95
5 years only 2.06
5USD 1 year & above but less than 2 years 2.26
2 years & above but less than 3 years 2.52
3 years & above but less than 4 years 2.73
4 years & above but less than 5 years 2.87
5 years only 3.00
  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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