FCNR Deposits

Interest Rates

The revised interest rates for the period from 01/09/2018 To 30/09/2018 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 3.92 1.68 0.78 0.80 2.85 2.48
2 years & above but less than 3 years 3.94 1.87 0.86 0.82 2.93 2.51
3 years & above but less than 4 years 4.27 1.73 1.01 0.85 3.24 2.81
4 years & above but less than 5 years 4.12 1.80 1.14 0.87 3.28 3.05
5 years only 4.13 1.87 1.28 0.90 3.31 3.12

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• No interest is payable, if the deposit is withdrawn before one year.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