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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Upto 1 year Withdrawn as per RBI Suggestions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Upto 1 year Withdrawn as per RBI Suggestions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 :

Months/Years Currency
  USD GBP EUR JPY AUD
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.
2 Years to less than 3 Years 4.25 % 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 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 :

Months/Years Currency
  USD
GBP EUR
1 Year 5.25 % p.a.
0.50 % p.a. 0.10 % p.a.
2 Years 4.25 % p.a.
0.00 % p.a. 0.00 % p.a.
3 Years 4.00 % p.a. 0.00 % p.a.
0.00 % p.a