FCNR Deposits

Interest Rates

The revised interest rates for the period from 01.09.2016 to 30.09.2016 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 2.21 1.33 0.83 1.96 3.03 3.68
2 years & above but less than 3 years 2.31 1.44 0.81 1.92 2.94 3.61
3 years & above but less than 4 years 2.78 2.45 1.82 1.92 3.95 4.61
4 years & above but less than 5 years 2.84 2.46 1.83 1.93 3.96 4.82
5 years only 2.78 2.49 1.87 1.95 3.99 4.84

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