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NRE and RFC SB interest Rates

NRE and RFC SB interest Rates

NRE TERM DEPOSITs (w.e.f. 04.03.2023)

PERIOD REVISED INTEREST RATE (PER ANNUM)
LESS THAN RS. 2 CRORE RS. 2 CRORE TO RS. 5 CRORE
1 year 6.10 6.70
Above 1 year and less than 2 year 6.30 6.65
2 year to less than 3 year 6.70 6.10
3 year to less than 5 year 6.25 6.00
5 year 6.25 6.00
Above 5 year 6.10 6.00

 

  • For Deposit of above Rs. 5 crore, acceptance of such deposits will be at the approval of the Treasury Branch.
  • Senior citizen/ staff / Ex staff / senior citizen Ex staff are not eligible for additional interest.
  • The revised interest rates on deposits would be applicable for all fresh deposits and for renewal of deposits.
  • All other terms and conditions on NRE deposits remain unchanged.

 

RFC SB DEPOSITs

CURRENCY EXISTING RATE REVISED RATE W.E.F 01.04.2024 to 30.06.2024
USD 5.35 5.33
GBP 5.20 5.20
EUR 3.91 3.91

 

( Last modified on Mar 30, 2024 at 07:03:34 PM )

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