Revised Interest Rate on NRE Term Deposit w.e.f. 01st May 2022
Deposit of below Rs. 2 Crores:
| Upto 1 year |
Withdrawn as per RBI Suggestions |
| Above 24 months to 36 months |
5.50 % p.a. |
| Above 36 months to 60 months |
5.75 % 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:
| Upto 1 year |
Withdrawn as per RBI Suggestions |
| Above 24 months to 36 months |
5.00% p.a. |
| Above 36 months to 60 months |
5.00% p.a. |
The current Interest rate on FCNR Term Deposit with effect from 01st May 2022
FCNR Deposits Rates :
| 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.
|
| 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 01st May 2022
RFC Deposits Rates :
| 1 Year |
2.15 % p.a.
|
0.50 % p.a. |
0.10 % p.a.
|
| 3 Years |
2.75 % p.a. |
0.00 % p.a.
|
0.00 % p.a
|