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| FCNR(B) Deposit Interest Rates – w.e.f 11th April’25 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| FCNR (B) Deposit | USD (< 0.5 mio) |
USD (>= 0.5 mio) |
GBP | EURO | AUD | SGD | ||||
>=1 Year - Less than 2 Year |
4.80% |
4.80% |
4.80% |
2.80% |
4.20% |
2.90% |
||||
2 Year - Less than 3 Year |
4.25% |
4.25% |
4.45% |
1.50% |
3.85% |
2.60% |
||||
3 Year - Less than 4 Year |
3.95% |
3.95% |
3.65% |
1.50% |
3.65% |
No Quote |
||||
4 Year - Less than 5 Year |
3.30% |
3.30% |
No Quote |
No Quote |
No Quote |
No Quote |
||||
5 Year Only |
3.25% |
3.25% |
No Quote |
No Quote |
No Quote |
No Quote |
||||
Penalty on premature withdrawal of FCNR(B) deposits (withdrawn after one year), as per table below:
|
USD |
GBP |
EURO |
YEN |
AUD |
SGD |
|
|---|---|---|---|---|---|---|---|
< 0.5 mio |
>=0.5 mio |
||||||
|
0.25% |
0.25% |
0.25% |
0.00% |
0.00% |
0.25% |
0.10% |
| RFC Deposit Interest Rates – w.e.f 11th April’25 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
RFC Deposit |
USD (< 0.5 mio) |
USD (≥ 0.5 mio) |
GBP |
EURO |
AUD |
SGD |
||||
30 days - Less than 6 months |
0.75% |
0.75% |
0.75% |
No Quote |
0.01% |
0.01% |
||||
6 months - Less than 1 Year |
1.50% |
1.50% |
1.55% |
No Quote |
0.01% |
0.01% |
||||
>=1 Year - Less than 2 years |
4.80% |
4.80% |
4.80% |
2.80% |
4.20% |
2.90% |
||||
2 year - Less than 3 Year |
4.25% |
4.25% |
4.45% |
1.50% |
3.85% |
2.60% |
||||
3 Years Only |
3.95% |
3.95% |
3.65% |
1.50% |
3.65% |
No Quote |
||||
Eligibility for RFC Deposit:
Please Note : For all RFC deposits [for maturity of less than and greater than 1 year], Interest will be paid at the rate prevailing on the date of deposit for the tenure the deposit or the withdrawn amount remained with the bank or at the contracted rate, whichever is lower after deducting applicable penal charge for premature withdrawal as per Terms & Conditions of the bank.
Your FCNR deposit will be maintained in the following currency as specified / choose at the time of booking deposit. These are: USD, GBP, EURO, AUD, SGD and JPY currencies.
As per current guidelines, the principal amount as well as interest earned on FCNR deposit is exempted form Income tax in India.
Yes, the funds held in your FCNR (B) deposit are fully and freely repatriable (both principal and Interest).
In order to earn interest on your FCNR (B) fixed deposit, it needs to be kept for minimum of 1 year.
