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NRE and RFC SB interest Rates

NRE and RFC SB interest Rates

NRE TERM DEPOSITs (w.e.f. 05.09.2020)

PERIOD REVISED INTEREST RATE (PER ANNUM)
LESS THAN RS. 2 CRORE RS. 2 CRORE TO RS. 5 CRORE
1 year 5.15 3.75
Above 1 year and less than 2 year 5.25 3.75
2 year to less than 3 year 5.25 3.75
3 year to less than 5 year 5.15 3.75
5 year 5.15 3.75
Above 5 year 5.15 3.75

 

  • 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 01/07/2020 TO 30/09/2020
USD 0.98 0.17
GBP 0.25 0.09
EURO NIL NIL

 

( Last modified on Sep 15, 2020 at 11:09:50 AM )