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.01/05/2019)
1AUD1 year & above but less than 2 years 1.95
2 years & above but less than 3 years 1.89
3 years & above but less than 4 years 1.90
4 years & above but less than 5 years 2.09
5 years only 2.17
2CAD1 year & above but less than 2 years 2.71
2 years & above but less than 3 years 2.42
3 years & above but less than 4 years 2.41
4 years & above but less than 5 years 2.42
5 years only 2.46
3EUR1 year & above but less than 2 years 0.30
2 years & above but less than 3 years 0.32
3 years & above but less than 4 years 0.38
4 years & above but less than 5 years 0.46
5 years only 0.55
4GBP1 year & above but less than 2 years 1.40
2 years & above but less than 3 years 1.56
3 years & above but less than 4 years 1.62
4 years & above but less than 5 years 1.67
5 years only 1.70
5USD 1 year & above but less than 2 years 3.52
2 years & above but less than 3 years 3.39
3 years & above but less than 4 years 3.33
4 years & above but less than 5 years 3.32
5 years only 3.34
  • The interest rate is valid for one month and is subject to change on 1st of every month. For latest interest rates kindly contact your Home branch.

  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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