FCNR Deposits

Interest Rates

The revised interest rates for the period from 01/06/2018 To 30/06/2018 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 3.62 1.50 0.78 0.80 2.64 2.51
2 years & above but less than 3 years 3.81 1.70 0.87 0.82 2.80 2.62
3 years & above but less than 4 years 4.02 1.57 1.03 0.84 3.17 2.97
4 years & above but less than 5 years 4.04 1.67 1.17 0.84 3.24 3.22
5 years only 4.06 1.75 1.32 0.87 3.29 3.32

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• No interest is payable, if the deposit is withdrawn before one year.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