FCNR Deposits

The revised interest rates for the period from 01/01/2019 To 31/01/2019 in respect of FCNR term deposits are as below:

Period In Percentage
USD GBP EUR JPY CAD AUD
1 Year & above but less than 2 Years 4.01 1.76 0.79 0.78 3.04 2.48
2 Years & above but less than 3 Years 3.77 1.92 0.84 0.78 2.75 2.44
3 Years & above but less than 4 Years 4.00 1.73 0.94 0.77 3.00 2.70
4 Years & above but less than 5 Years 3.83 1.79 1.06 0.77 3.02 2.92
5 Years only 3.86 1.83 1.21 0.78 3.05 3.00
  • 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  • No interest is payable if the deposit is withdrawn before one year.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 year will be applicable to pre-closure penalty norms.

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