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FCNR (B) DEPOSITS and RFC TERM DEPOSITS

FCNR (B) DEPOSITS and RFC TERM DEPOSITS

a) NRI Deposit Campaign is conducted from 06.12.2019 to 31.03.2020 and during this period, additional interest of 0.10% p.a over Card Rate is offered for FCNR(B) / RFC Term Deposits in USD, GBP, SGD Currencies for value 250,000 Units and above.

Currency 1 Yr< 2 Yrs 2 Yrs< 3 Yrs 3 Yrs< 4 Yrs 4 Yrs< 5 Yrs 5 Yrs
USD 2.69 2.55 2.55 2.51 2.52
GBP 1.78 1.79 1.83 1.83 1.83
SGD 2.05 1.97 1.94 1.94 1.95

 

b) Interest rates on FCNR(B) / RFC Term Deposits (Card Rates) w.e.f 01.02.2020

CURRENCY PERIOD
1 <2 Yrs 2 < 3 Yrs 3 < 4 Yrs 4 < 5 Yrs 5 Years only
USD 2.59 2.45 2.45 2.41 2.42
(2.76) (2.66) (2.70) (2.71) (2.73)
GBP 1.68 1.69 1.73 1.73 1.73
(1.75) (1.82) (1.90) (1.93) (1.97)
EUR 0.15 0.14 0.16 0.19 0.23
(0.19) (0.21) (0.26) (0.33) (0.38)
JPY 0.01 0.00 0.00 0.00 0.00
(0.04) (0.04) (0.04) (0.05) (0.06)
CAD 2.78 2.50 2.47 2.45 2.43
(2.91) (2.75) (2.77) (2.78) (2.80)
AUD 1.46 1.40 1.40 1.52 1.57
(1.61) (1.66) (1.72) (1.89) (1.95)
CHF 0.36 0.33 0.38 0.40 0.44
(0.40) (0.40) (0.50) (0.56) (0.62)
SGD 1.95 1.87 1.84 1.84 1.85
(1.93) (1.91) (1.93) (1.97) (2.00)

(Figures within bracket indicate previous rates )

The revised interest rates are applicable for fresh / renewal of deposits.*Additional interest of 0.10% p.a over Card rate is applicable for Deposits denominated in True currencies of USD, GBP, SGD of 250,000 Units and above.

 

( Last modified on Feb 11, 2020 at 11:02:31 AM )