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NRE Rates
 
  Revised Interest Rate on NRE Term Deposit with effect from Thursday, 01 Dec 2016

Days/Years InclusiveIndividuals & All Other Categories
365 days to less than 24 mnths7.40 % p.a.
Mangal Moorti Scheme - 24 mnths (Simple Interest) SVCC 24 mnths not applicable 7.60 % p.a.
Above 24 mths to 60 months7.40 % p.a.
Savings Deposits4.00 % p.a.


Revised Interest Rate on FCNR Term Deposit with effect from Sunday, 01 Jan 2017
  FCNR Deposits Rates :
 
 
Months/YearsCurrency
 GBPUSDEURJPYAUD
1 year to less than 2 years2.42 % p.a.3.19 % p.a.1.82 % p.a.2.03 % p.a.3.92 % p.a.
2 Years to less than 3 Years2.61 % p.a.3.47 % p.a.1.84 % p.a.2.03 % p.a.4.07 % p.a.
3 Years to less than 4 Years3.69 % p.a.4.68 % p.a.2.90 % p.a.3.04 % p.a.5.24 % p.a.
4 Years to less than 5 Years3.78 % p.a.4.87 % p.a.2.98 % p.a.3.05 % p.a.5.59 % p.a.
5 Years only3.87 % p.a.4.98 % p.a.3.07 % p.a.3.08 % p.a.5.65 % p.a.


  Revised Interest Rate on RFC Term Deposit with effect from Sunday, 01 Jan 2017
 
  RFC Deposits Rates :
 
 
Months/YearsCurrency
 GBPUSDEUR
1 Year2.42 % p.a.3.19 % p.a.1.82 % p.a.
2 Years2.61 % p.a.3.47 % p.a.1.84 % p.a.
3 Years3.69 % p.a.4.68 % p.a.2.90 % p.a.
 
The penalty for premature withdrawal of deposit is 1%.
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