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Revised Interest Rate on NRE Term Deposit with effect from Wednesday, 9th September 2020

Days/Years Inclusive Individuals & All Other Categories
365 days to less than 24 months  5.60 % p.a.
15 Months 5.60 % p.a.
Mangal Moorti Scheme - 24 months (Simple Interest) SVCC 24 months not applicable 5.60 % p.a.
Above 24 months to 60 months 5.75 % p.a.
Savings Deposits 3.00% p.a.

 

The current Interest rate on FCNR Term Deposit with effect from 1st November 2020

FCNR Deposits Rates :

Months/Years Currency
  USD GBP EUR JPY AUD
1 year to less than 2 years 2.20 % 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 2.20 % 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 2.20 % 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 2.20 % p.a. 0.00 % p.a. 0.00 % p.a.
0.00 % p.a. 0.00 % p.a.
5 Years only 2.20 % 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 November 2020

RFC Deposits Rates :

Months/Years Currency
  USD
GBP EUR
1 Year 2.20 % p.a.
0.50 % p.a. 0.10 % p.a.
2 Years 2.20 % p.a.
0.00 % p.a. 0.00 % p.a.
3 Years 2.20 % p.a. 0.00 % p.a.
0.00 % p.a