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About NRI
The acronym NRI just means NON RESIDENT INDIAN for most but for us NRI has an inherent appeal in itself which means
NURTURE your ROOTS in INDIA

We know and understand that the unparalleled bond, the sense of belonging and the affections you share with your MOTHER is just the same with the MOTHERLAND That is INDIA ENRICH HER We as a BANKER, assure you of
Good returns on your Investment | Repatriation of Funds | Interest Exemption from IT Rules | Loan Facility | Internet Banking
All this and more, they accompany with a VISA to Unmatched Security of Funds and Dependability. Who Is An Non-Resident Indian [NRI]
A Non Resident Indian (NRI) as per FEMA 1999 is an Indian citizen or Foreign National of Indian Origin resident outside India for purposes
of employment, carrying on business or vocation in circumstances as would indicate an intention to stay outside India for an indefinite period.
An individual will also be considered NRI if his stay in India is less than 182 days during the preceding financial year.

A Person of Indian origin (PIO) is a citizen of any country other than Pakistan, Bangladesh or Sri Lanka who
  • At any time held an Indian Passport.
  • He or any of his parents or grand parents was a citizen of India, is a spouse of an Indian citizen or a person referred to above.
Calculators NRI Interest Rates
Info (Helps you calculate the maturity amount & effective yield for Term Deposits for any amount, period, interest rate & compounding frequency)
Principal : Value required.Invalid format.
% Rate of Interest : Value required.Invalid format.
Period :
    
Interest Type :
Interest Compounding :*
 
Interest Amount :
Maturity Amount :#
Yield:
Note:
Interest rates for FCNR deposit of 12 months, interest compounded yearly.
Half-Yearly compounding for FCNR(B) Term Deposits above 1 year.
*Quarterly compounding for Rupee Term Deposits.
#Maturity Amount may vary by a few rupees due to rounding off.
  • NRE
  • NRO
  • FCNR
  • RFCA
NRE Interest Rates and Term Deposits
Term Deposits: As on 01/07/2009
Period of deposit Revised rates
1 year to less than 2 years 3.36
2 years to less than 3 years 3.28
3 to 5 years 3.87
Savings Bank Deposits: As on 01/07/2009
Particulars Revised rates
Savings Bank Deposits (Rs. Deposit) 3.50
Note: Interest rates are subject to change.
NRO Interest Rates
Revised Interest Rates (w.e.f. 18/06/2009)
Period - 7 days to 14 days
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
0.00 0.00
Period - 15 days to 45 days
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
3.00 3.00
Period - 46 days to 90 days
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
4.00 4.00
Period - 91 days to 179 days
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
5.25 5.25
Period - 180 days to less than 1 year
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
6.25 6.25
Period - 1 year to less than 2 years
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
7.25 7.25
Period - 2 years to less than 3 years
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
7.25 7.25
Period - 1000 days (SBH-1000)*
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
7.50 7.50
Period - 3 years to less than 5 years
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
7.75 7.75
Period - 5 years and upto 10 years
Below Rs.15 lacs Rs.15 lacs and Above (% P/A)
8.00 8.00
* "SBH-1000" Scheme is available w.e.f. 07-01-2009 and valid up to one month and may be extended depending on prevailing market conditions
FCNR (B) Interest Rates and Term Deposits
Revised FCNR Interest Rates (w.e.f. 01/07/2009):
Period of Deposit - 1 year but less than 2 years
USD GBP EURO AUS $ * CAN $ *
2.61 2.70 2.50 5.28 2.55
Period of Deposit - 2 years but less than 3 years
USD GBP EURO AUS $ * CAN $ *
2.53 3.32 2.84 5.18 2.18
Period of Deposit - 3 years but less than 4 years
USD GBP EURO AUS $ * CAN $ *
3.12 4.02 3.30 5.88 2.87
Period of Deposit - 4 years but less than 5 years
USD GBP EURO AUS $ * CAN $ *
3.57 4.46 3.64 6.35 3.29
Period of Deposit - 5 years
USD GBP EURO AUS $ * CAN $ *
3.93 4.72 3.91 6.58 3.62
Note: Interest rates are in percentage per annum. Interest rates are subject to change.
RFCA Interest Rates and Term Deposits
RFCA Term Deposit for US Dollars as on 01/07/2009
Duration Interest rates
1 year but less than 2 years 2.61
2 years but less than 3 years 2.53
3 years only 3.12
RFCA Savings Bank Deposits w.e.f 01/07/2009
Particulars Revised rates
RFC Savings Bank (USD) 3.50
Note:Interest rates are subject to change.
NRI Online Forms
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