NRI Schemes
(A) RATE OF INTEREST ON NON-RESIDENT EXTERNAL (NRE) TERM DEPOSITS
i) For Term Deposits less than Rs. 2.00 Crore w.e.f. 10.05.2022
| 1 |
1 Year
|
5.30%
|
| 2 |
Above 1 Year upto 2 Years
|
5.30%
|
| 3 |
Above 2 Years upto 3 Years
|
5.30%
|
| 4 |
Above 3 Years to Less than 5 Years
|
5.60%
|
| 5 |
5 Year and above
|
5.30%
|
ii) Bulk NRE Term Deposit Rs 2 Cr upto and including Rs.5 Crore w.e.f. 11.02.2022 with ref. no. T&I/MUM/NRETDR/60/2021-22 dated 11.02.2022.
As per the decision taken by the Competent Authority rate of interest on Bulk Term deposit of Rs. 2.00 crores and above upto & including Rs. 5.00 crore stands revised as below w.e.f. 15.12.2021
| Existing |
Revised |
|
1
|
1 year
|
3.65
|
3.90
|
|
2
|
Above 1 year to 2 years
|
3.65
|
3.90
|
|
3
|
Above 2 year but less than 3 years
|
3.00
|
3.00
|
|
4
|
3 year & above but less than 5 years
|
3.00
|
3.00
|
|
5
|
5 Years & above
|
3.00
|
3.00
|
iii) Bulk NRE Term Deposit above Rs.5 Crore w.e.f. 11.02.2020 with ref. no. T&I/MUM/NRETDR/59/2021-22 dated 11.02.2022
As per the decision taken by the Competent Authority rate of interest on Bulk NRE Term deposit above Rs. 5.00 crores stands revised as below w.e.f. 15.12.2021
| Existing |
Revised |
Existing |
Revised |
Existing |
Revised |
| 1 |
1 year |
3.65
|
3.90
|
3.65
|
3.90
|
3.65
|
3.90
|
| 2 |
Above 1 year to 2 years |
3.65
|
3.90
|
3.65
|
3.90
|
3.65
|
3.90
|
| 3 |
Above 2 years but less than 5 Years |
3.00
|
3.00
|
3.00
|
3.00
|
3.00
|
3.00
|
| 4 |
5 Years & above |
3.00
|
3.00
|
3.00
|
3.00
|
3.00
|
3.00
|
(C) RATE OF INTEREST ON FCNR (B) DEPOSITS (With effect from 31.03.2022)
| Currency |
ROI |
Yield* |
ROI |
Yield* |
ROI |
Yield* |
ROI |
Yield* |
ROI |
Yield* |
|
USD
|
(%)
|
1.18
|
1.21
|
1.60
|
1.66
|
1.83
|
1.92
|
1.95
|
2.07
|
2.03
|
2.16
|
|
GBP
|
(%)
|
1.37
|
1.40
|
1.74
|
1.80
|
1.86
|
1.95
|
1.88
|
1.99
|
1.85
|
1.96
|
|
EUR
|
(%)
|
0.02
|
0.02
|
0.13
|
0.13
|
0.28
|
0.29
|
0.38
|
0.39
|
0.43
|
0.44
|
|
JPY
|
(%)
|
0.11
|
0.11
|
0.13
|
0.13
|
0.13
|
0.13
|
0.14
|
0.14
|
0.17
|
0.17
|
|
CAD
|
(%)
|
0.78
|
0.80
|
1.73
|
1.79
|
1.96
|
2.06
|
2.02
|
2.15
|
2.06
|
2.19
|
|
AUD
|
(%)
|
0.64
|
0.65
|
1.08
|
1.11
|
1.43
|
1.49
|
1.68
|
1.77
|
1.81
|
1.91
|
|
CHF
|
(%)
|
0.00
|
0.00
|
0.02
|
0.02
|
0.07
|
0.07
|
0.14
|
0.14
|
0.21
|
0.21
|
|
SGD
|
(%)
|
0.76
|
0.77
|
0.93
|
0.95
|
1.19
|
1.23
|
1.40
|
1.46
|
1.53
|
1.61
|
|
HKD
|
(%)
|
0.77
|
0.79
|
0.89
|
0.91
|
1.09
|
1.13
|
1.27
|
1.33
|
1.41
|
1.47
|
* Annualised yield at the end of the tenure
(D) RATE OF INTEREST ON RFC DEPOSITS (With effect from 31-03-2022)
SAVINGS BANK :
CURRENCY (%) - GBP (0.50%) and AUD (1.50%)
TERM DEPOSITS :
|
USD
|
(%)
|
1.18
|
1.60
|
1.83
|
1.95
|
2.03
|
|
GBP
|
(%)
|
1.37
|
1.74
|
1.86
|
1.88
|
1.85
|
|
EUR
|
(%)
|
0.02
|
0.13
|
0.28
|
0.38
|
0.43
|
|
JPY
|
(%)
|
0.11
|
0.13
|
0.13
|
0.14
|
0.17
|
|
CAD
|
(%)
|
0.78
|
1.73
|
1.96
|
2.02
|
2.06
|
|
AUD
|
(%)
|
0.64
|
1.08
|
1.43
|
1.68
|
1.81
|
|
CHF
|
(%)
|
0.00
|
0.02
|
0.07
|
0.14
|
0.21
|
|
SGD
|
(%)
|
0.76
|
0.93
|
1.19
|
1.40
|
1.53
|
|
HKD
|
(%)
|
0.77
|
0.89
|
1.09
|
1.27
|
1.41
|
Disclaimer: Interest Rates for FCNR(B) & RFC deposits are subject to change every month/ as & when needed by Head Office, as per guidelines issued by Reserve Bank Of India.
