Revised Interest Rate on NRE Term Deposit w.e.f. 1st January, 2023
Deposit of below Rs. 2 Crores:
|
Days / Years inclusive
|
Individuals
|
|
Upto 1 year
|
Withdrawn as per RBI Suggestions
|
|
365 days to 389 days
|
5.40% p.a.
|
|
390 days
|
6.75% p.a.
|
|
391 days to 480 days
|
5.40% p.a.
|
|
481 days to 719 days
|
6.00% p.a.
|
|
720 days
|
7.00% p.a.
|
|
721 days to 780 days
|
6.00% p.a.
|
|
781 days to 36 months
|
6.50% p.a.
|
|
Above 36 months to less than 39 months
|
6.75% p.a.
|
|
39 months
|
7.00% p.a.
|
|
Above 39 months to 60 months
|
6.75% p.a.
|
Note: AV Deposit Scheme – 366 Days (Simple Interest) & Mangal Moorti Scheme – 24 months (Interest Payout): These Schemes will have interest rate payable as per 365 days to 24 months tenor slab only.
Deposit of Rs. 2 Crores and above:
|
Days / Years inclusive
|
Individuals
|
|
Upto 1 year
|
Withdrawn as per RBI Suggestions
|
|
365 days to 389 days
|
5.40% p.a.
|
|
390 days
|
6.50% p.a.
|
|
391 days to 480 days
|
5.40% p.a.
|
|
481 days to 719 days
|
5.75% p.a.
|
|
720 days
|
6.25% p.a.
|
|
721 days to 780 days
|
5.75% p.a.
|
|
781 days to 36 months
|
6.00% p.a.
|
|
Above 36 months to less than 39 months
|
6.00% p.a.
|
|
39 months
|
6.25% p.a.
|
|
Above 39 months to 60 months
|
6.00% p.a.
|
The current Interest rate on FCNR Term Deposit with effect from 1st January, 2023
FCNR Deposits Rates :
| 1 year to less than 2 years |
5.25 % p.a. |
0.50 % p.a. |
0.10 % p.a. |
0.10 % p.a.
|
0.50 % p.a.
|
| 3 Years to less than 4 Years |
4.00 % p.a. |
0.00 % p.a. |
0.00 % p.a. |
0.00 % p.a.
|
0.00 % p.a.
|
| 4 Years to less than 5 Years |
4.00 % p.a. |
0.00 % p.a. |
0.00 % p.a.
|
0.00 % p.a. |
0.00 % p.a.
|
| 5 Years only |
4.00 % p.a. |
0.00 % p.a.
|
0.00 % p.a.
|
0.00 % p.a. |
0.00 % p.a
|
The current Interest rate on RFC Term Deposit with effect from 1st January, 2023
RFC Deposits Rates :
| 1 Year |
5.25 % p.a.
|
0.50 % p.a. |
0.10 % p.a.
|
| 3 Years |
4.00 % p.a. |
0.00 % p.a.
|
0.00 % p.a
|