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.01-08-2018)
1AUD1 year & above but less than 2 years 2.54
2 years & above but less than 3 years 2.63
3 years & above but less than 4 years 2.71
4 years & above but less than 5 years 2.95
5 years only 3.04
2CAD1 year & above but less than 2 years 2.77
2 years & above but less than 3 years 2.89
3 years & above but less than 4 years 2.98
4 years & above but less than 5 years 3.04
5 years only 3.08
3EUR1 year & above but less than 2 years 0.27
2 years & above but less than 3 years 0.36
3 years & above but less than 4 years 0.54
4 years & above but less than 5 years 0.69
5 years only 0.84
4GBP1 year & above but less than 2 years 1.43
2 years & above but less than 3 years 1.63
3 years & above but less than 4 years 1.74
4 years & above but less than 5 years 1.83
5 years only 1.90
5USD 1 year & above but less than 2 years 3.43
2 years & above but less than 3 years 3.63
3 years & above but less than 4 years 3.67
4 years & above but less than 5 years 3.69
5 years only 3.70
  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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