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.01/01/2018)
1AUD1 year & above but less than 2 years 2.44
2 years & above but less than 3 years 2.61
3 years & above but less than 4 years 2.76
4 years & above but less than 5 years 3.03
5 years only 3.12
2CAD1 year & above but less than 2 years 2.39
2 years & above but less than 3 years 2.52
3 years & above but less than 4 years 2.62
4 years & above but less than 5 years 2.67
5 years only 2.71
3EUR1 year & above but less than 2 years 0.30
2 years & above but less than 3 years 0.40
3 years & above but less than 4 years 0.58
4 years & above but less than 5 years 0.72
5 years only 0.87
4GBP1 year & above but less than 2 years 1.18
2 years & above but less than 3 years 1.35
3 years & above but less than 4 years 1.44
4 years & above but less than 5 years 1.52
5 years only 1.58
5USD 1 year & above but less than 2 years 2.89
2 years & above but less than 3 years 3.08
3 years & above but less than 4 years 3.17
4 years & above but less than 5 years 3.20
5 years only 3.24
  • 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  • Deposits withdrawn prematurely before completion of 1 year – No Interest Payable.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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