NRI Schemes

It is this rate that works in any applicant’s mind whenever he or she tries to open an account. Here you will get the updates on our interest rates.

NRI Schemes

NRE

NRE Interest Rates and Term Deposits

NRE Deposits  (w.e.f 18.11.2016)

Tenor of Deposit
Rate of Interest (% p.a.)
Below ` 1 crore ` 1 crores to ` 5 crores Above ` 5 crores to less than ` 10 crores
1 year to 455 days 6.90 6.00 6.00
456 days to less than 2 years 6.95 6.00 6.00
2 years to less than 3 years 6.85 6.00 6.00
3 years to less than 5 years 6.50 5.50 5.50
5 years to 10 years 6.50 5.50 5.50

Savings Bank Deposits: As on 01/04/2015

Particulars
:
Revised rates
Savings Bank Deposits (` Deposit) : 4.00

Note: Interest rates are subject to change.

  • There shall be no penalty for premature withdrawal of term deposits upto Rs.5.00 lacs  provided these deposits have remained with the Bank for atleast 12 months and are issued/renewed on or after 27-10-2016. For Term Deposits above Rs 5 lacs but less than Rs 1 Cr, the pre-payment penalty will be 1% for all tenors for the deposits issued/ renewed on or after 27.10.2016. However, penalty clause for Term Deposits issued prior to 27-10-2016  remains unchanged. No interest is payable for premature withdrawal of deposits less than 12 months.
  • NRO

    NRO Deposits    (w.e.f 18.11.2016)

    Tenor of Deposit
    Rate of Interest (% p.a.)
    Below ` 1 crore (w.e.f 18.11.2016) ` 1 crores to ` 5 crores Above ` 5 crores to less than ` 10 crores
    7 days to 45 days 5.50 5.00 5.00
    46 days to 90 days 6.50 5.50 5.50
    91 days to 179 days 6.50 5.50 5.50
    180 days to 210 days 6.75 5.75 5.75
    211 days to less than 1 year 7.00 5.75 5.75
    1 year to 455 days 6.90 6.00 6.00
    456 days to less than 2 years 6.95 6.00 6.00
    2 years to less than 3 years 6.85 6.00 6.00
    3 years to less than 5 years 6.50 5.50 5.50
    5 years to 10 years 6.50 5.50 5.50
  • There shall be no penalty for premature withdrawal of term deposits upto Rs. 5.00 lacs  provided these deposits have remained with the Bank for atleast 7 days and are issued/renewed on or after 27-10-2016. For Term Deposits above Rs 5 lacs but less than Rs 1 Cr the pre-payment penalty will be 1% for all tenors for the deposits issued/ renewed on or after 27.10.2016. However, penalty clause for Term Deposits issued prior to 27-10-2016 remains unchanged.
  • FCNR

    FCNR (B) Interest Rates and Term Deposits

    Revised FCNR Interest Rates (w.e.f. 01/01/2017):

    Period of Deposit – 1 year but less than 2 years
    USD GBP EURO AUD CAD
    1.95 1.17 0.15 2.67 1.85
    Period of Deposit – 2 years but less than 3 years
    USD GBP EURO AUD CAD
    2.48 1.61 0.30 3.08 2.12
    Period of Deposit – 3 years but less than 4 years
    USD GBP EURO AUD CAD
    2.69 1.69 0.30 3.24 2.27
    Period of Deposit – 4 years but less than 5 years
    USD GBP EURO AUD CAD
    2.87 1.78 0.30 3.59 2.39
    Period of Deposit – 5 years
    USD GBP EURO AUD CAD
    2.98 1.88 0.40 3.65 2.49

    RFCA

    RFCA Interest Rates and Term Deposits

    RFCA Term Deposit for USD as on 01/01/2017

    Duration Interest rates
    1 year but less than 2 years 1.95
    2 years but less than 3 years 2.48
    3 years only 2.69

    RFCA Savings Bank Deposits w.e.f 01/07/2013

    Particulars Revised rates
    RFC Savings Bank (USD) 0.58

    Note:Interest rates are subject to change.

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