• NRE NRO FCNR Deposits
      Interest Rates / NRI Schemes

      NRI Schemes


      (A) RATE OF INTEREST ON NON-RESIDENT EXTERNAL (NRE) TERM DEPOSITS

      i) For Term Deposits less than Rs. 1.00 Crore w.e.f. 18.11.2016

      Sr. No. Time Period Less than Rs. 1.00 Crore
      01. 1 year 7.00%
      02. More than 1 Year but upto 2 Year 6.90%
      03. Above 2 year and upto 3 Year 6.90%
      04. Above 3 year and less than 5 year 6.75%
      05. 5 year and Above 6.75%

       

      ii) For Term Deposits Rs. 1.00 Crore and above upto & including Rs. 5.00 Crores w.e.f 24.11.2016

      T&I: MUM : NRETDR: 005: 2016-17

      Sr. No. Period Bulk NRE Term deposit of Rs. 1 Crore and
      above upto & including Rs. 5 Crore
      01. 1 year & above but less than 2 years 5.00
      02. 2 year & above but less than 3 years 5.00
      03. 3 year & above but less than 5 years 5.00
      04. 5 Years & above 5.00

       

      iii) For Term Deposits above Rs. 5.00 Crores w.e.f. 24.11.2016

      T&I: MUM : NRETDR: 006: 2016-17

      Sr. No. Period Bulk NRE Term deposit of above Rs. 5 Crore
      01. 1 year & above but less than 2 years 5.00
      02. 2 Years & above but less than 3 Years 5.00
      03. 3 years & above but less than 5 Years 5.00
      04. 5 Years & above 5.00


      (B) RATE OF INTEREST ON NON-RESIDENT ORDINARY (NRO) TERM DEPOSITS


      (C) RATE OF INTEREST ON FCNR (B) DEPOSITS (With effect from 09-02-2017)

      Tenure 1 Year to less than 2 Years 2 Years to less than 3 Years 3 Years to less than 4 Years 4 Years to less than 5 Years 5 Years only
      Currency ROI Yield* ROI Yield* ROI Yield* ROI Yield* ROI Yield*
      USD (%) 1.60 1.64 1.75 1.81 1.80 1.88 1.87 1.98 1.96 2.08
      GBP (%) 0.78 0.80 0.94 0.96 0.91 0.94 0.95 0.98 1.02 1.06
      EUR (%) 0.14 0.14 0.09 0.09 0.05 0.05 0.08 0.08 0.18 0.18
      JPY (%) 0.38 0.39 0.29 0.30 0.14 0.14 0.09 0.09 0.08 0.08
      CAD (%) 1.44 1.48 1.36 1.40 1.33 1.38 1.39 1.45 1.46 1.53
      AUD (%) 2.19 2.26 2.15 2.24 2.14 2.25 2.43 2.61 2.51 2.70
      CHF (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
      SEK (%) 0.00 0.00 0.00 0.00 0.05 0.05 0.22 0.22 0.42 0.43
      SGD (%) 1.64 1.68 1.81 1.88 1.89 1.98 2.03 2.16 2.14 2.28
      HKD (%) 1.67 1.72 1.88 1.95 1.96 2.06 2.08 2.21 2.18 2.32

      * Annualised yield at the end of the tenure


      (D) RATE OF INTEREST ON RFC DEPOSITS (With effect from 09-02-2017)

      SAVINGS BANK:

      CURRENCY (%) - GBP (0.50%) and AUD (1.50%)

      TERM DEPOSITS:

      Currency 1 Year to less than 2 Years 2 Years to less than 3 Years 3 Years to less than 4 Years 4 Years to less than 5 Years 5 Years only
      USD (%) 1.60 1.75 1.80 1.87 1.96
      GBP (%) 0.78 0.94 0.91 0.95 1.02
      EUR (%) 0.14 0.09 0.05 0.08 0.18
      JPY (%) 0.38 0.29 0.14 0.09 0.08
      CAD (%) 1.44 1.36 1.33 1.39 1.46
      AUD (%) 2.19 2.15 2.14 2.43 2.51
      CHF (%) 0.00 0.00 0.00 0.00 0.00
      SEK (%) 0.00 0.00 0.05 0.22 0.42
      SGD (%) 1.64 1.81 1.89 2.03 2.14
      HKD (%) 1.67 1.88 1.96 2.08 2.18

      Disclaimer: Interest rates for FCNR and RFC deposits are subject to change on the 1st of every month, as per the guidelines issued by the Reserve Bank of India.

       

      NRNR and NRSR Deposits : Discontinued w.e.f. 01.04.02. The existing accounts under NRNR Deposit scheme may be continued only upto the date of maturity. The existing NRSR accounts other than Term Deposits shall not be continued after 30.09.02

       

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