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Revised Interest Rate on NRE Term Deposit w.e.f. 12th October, 2021

Deposit of below Rs. 2 Crores:

Days/Years Inclusive Individuals
Upto 1 year Withdrawn as per RBI Suggestions
365 days to less than 24 months  5.10 % p.a.
Mangal Moorti Scheme – 24 months [ Simple Interest] 5.10 % p.a.
Above 24 months to 36 months 5.30 % p.a.
Above 36 months to 60 months 5.60 % p.a.

Deposit of Rs. 2 Crores and above:

Days/Years Inclusive Individuals
Upto 1 year Withdrawn as per RBI Suggestions
365 days to less than 24 months  4.75% p.a.
Mangal Moorti Scheme – 24 months [ Simple Interest] 4.75% p.a.
Above 24 months to 36 months 4.75% p.a.
Above 36 months to 60 months 4.75% p.a.

The current Interest rate on FCNR Term Deposit with effect from 1st October, 2021

FCNR Deposits Rates :

Months/Years Currency
  USD GBP EUR JPY AUD
1 year to less than 2 years 2.15 % p.a. 0.50 % p.a. 0.10 % p.a. 0.10 % p.a.
0.50 % p.a.
2 Years to less than 3 Years 2.35 % p.a. 0.00 % p.a. 0.00 % p.a. 0.00% p.a.
0.00 % p.a.
3 Years to less than 4 Years 2.75 % 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 3.00 % p.a. 0.00 % p.a. 0.00 % p.a.
0.00 % p.a. 0.00 % p.a.
5 Years only 3.20 % 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 October, 2021

RFC Deposits Rates :

Months/Years Currency
  USD
GBP EUR
1 Year 2.15 % p.a.
0.50 % p.a. 0.10 % p.a.
2 Years 2.35 % p.a.
0.00 % p.a. 0.00 % p.a.
3 Years 2.75 % p.a. 0.00 % p.a.
0.00 % p.a