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. 10.01.2021
| 1 |
1 Year
|
4.90%
|
| 2 |
Above 1 Year upto 2 Years
|
5.00%
|
| 3 |
Above 2 Years upto 3 Years
|
5.00%
|
| 4 |
Above 3 Years to Less than 5 Years
|
5.05%
|
| 5 |
5 Year and above
|
5.05%
|
ii) For Bulk NRE Term Deposits Rs. 2.00 Crore and above upto & including Rs. 5.00 Crores w.e.f 11-01-2021
T&I/MUM/NRETDR/40/2020-21
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. 08-01-2021
|
1
|
1 year
|
2.75
|
|
2
|
Above 1 year to 2 years
|
2.75
|
|
3
|
Above 2 year but less than 3 years
|
3.00
|
|
4
|
3 year & above but less than 5 years
|
3.00
|
|
5
|
5 Years & above
|
3.00
|
iii) For Bulk NRE Term Deposits above Rs. 5.00 Crores w.e.f. 11-01-2021
T&I/MUM/NRETDR/39/2020-21
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. 08-01-2021
| 1 |
1 year |
2.75
|
2.75
|
2.75
|
| 2 |
Above 1 year to 2 years |
2.75
|
2.75
|
2.75
|
| 3 |
Above 2 years but less than 5 Years |
3.00
|
3.00
|
3.00
|
| 4 |
5 Years & above |
3.00
|
3.00
|
3.00
|
(C) RATE OF INTEREST ON FCNR (B) DEPOSITS (With effect from 21.12.2020)
| Currency |
ROI |
Yield* |
ROI |
Yield* |
ROI |
Yield* |
ROI |
Yield* |
ROI |
Yield* |
| USD |
(%) |
0.88
|
0.90
|
0.87
|
0.89
|
0.96
|
0.99
|
0.98
|
1.02
|
1.01
|
1.05
|
| GBP |
(%) |
0.48
|
0.49
|
0.51
|
0.52
|
0.57
|
0.58
|
0.62
|
0.64
|
0.67
|
0.69
|
| EUR |
(%) |
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
| JPY |
(%) |
0.01
|
0.01
|
0.04
|
0.04
|
0.05
|
0.05
|
0.06
|
0.06
|
0.06
|
0.06
|
| CAD |
(%) |
0.72
|
0.73
|
0.63
|
0.64
|
0.73
|
0.75
|
0.82
|
0.85
|
0.98
|
1.02
|
| AUD |
(%) |
0.14
|
0.14
|
0.15
|
0.15
|
0.22
|
0.22
|
0.28
|
0.29
|
0.36
|
0.37
|
| CHF |
(%) |
0.00
|
0.00
|
0.00
|
0.00
|
0.03
|
0.03
|
0.08
|
0.08
|
0.14
|
0.14
|
| SGD |
(%) |
0.71
|
0.73
|
0.77
|
0.79
|
0.84
|
0.86
|
0.94
|
0.97
|
1.04
|
1.08
|
| HKD |
(%) |
0.93
|
0.95
|
0.96
|
0.99
|
1.01
|
1.04
|
1.06
|
1.10
|
1.13
|
1.17
|
* Annualised yield at the end of the tenure
(D) RATE OF INTEREST ON RFC DEPOSITS (With effect from 21-12-2020)
SAVINGS BANK :
CURRENCY (%) - GBP (0.50%) and AUD (1.50%)
TERM DEPOSITS :
| USD |
(%) |
0.88
|
0.87
|
0.96
|
0.98
|
1.01
|
| GBP |
(%) |
0.48
|
0.51
|
0.57
|
0.62
|
0.67
|
| EUR |
(%) |
0.01
|
0.01
|
0.01
|
0.01
|
0.01
|
| JPY |
(%) |
0.01
|
0.04
|
0.05
|
0.06
|
0.06
|
| CAD |
(%) |
0.72
|
0.63
|
0.73
|
0.82
|
0.98
|
| AUD |
(%) |
0.14
|
0.15
|
0.22
|
0.28
|
0.36
|
| CHF |
(%) |
0.00
|
0.00
|
0.03
|
0.08
|
0.14
|
| SGD |
(%) |
0.71
|
0.77
|
0.84
|
0.94
|
1.04
|
| HKD |
(%) |
0.93
|
0.96
|
1.01
|
1.06
|
1.13
|
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.
