FCNR Deposits

Interest Rates

The revised interest rates for the period from 01/11/2018 To 30/11/2018 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 4.14 1.68 0.79 0.79 3.05 2.46
2 years & above but less than 3 years 4.16 1.87 0.89 0.82 3.20 2.54
3 years & above but less than 4 years 4.48 1.72 1.04 0.84 3.51 2.86
4 years & above but less than 5 years 4.36 1.80 1.20 0.86 3.54 3.12
5 years only 4.37 1.86 1.35 0.89 3.56 3.22

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• No interest is payable, if the deposit is withdrawn before one year.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