FCNR Deposits

Interest Rates

The revised interest rates for the period from 07/07/2018 To 31/07/2018 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 3.85 1.60 0.78 0.79 2.62 2.57
2 years & above but less than 3 years 3.88 1.77 0.83 0.81 2.72 2.60
3 years & above but less than 4 years 4.24 1.64 0.98 0.83 3.07 2.92
4 years & above but less than 5 years 4.12 1.73 1.12 0.84 3.13 3.17
5 years only 4.13 1.80 1.27 0.86 3.17 3.26

• Rates are subject to change, without prior notice

• No interest is payable, if the deposit is withdrawn before one year.

• Any pre closure after completion of one years will be applicable to pre closure penalty norms..