FCNR Deposits

Interest Rates

The revised interest rates for the period from 01.12.2016 to 31.12.2016 in respect of FCNR term deposits are as under

FCNR Deposits
  In Percentage
PERIOD USD GBP EUR JPY CAD AUD
1 year & above but less than 2 years 2.36 1.45 0.83 0.78 1.85 2.58
2 years & above but less than 3 years 2.57 1.65 0.83 0.79 1.76 2.68
3 years & above but less than 4 years 3.18 1.50 1.91 0.80 2.37 3.32
4 years & above but less than 5 years 3.34 1.60 1.98 0.82 2.47 3.66
5 years only 3.36 1.69 2.08 0.83 2.56 3.77

The revised rates will be applicable for fresh and renewed deposits.