FOREX DEPOSIT RATES

 

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A)


a) NON RESIDENT ORDINARY DEPOSITS - w.e.f 01/05/2003
Saving Bank Deposit 3.50% pa.
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b) NON RESIDENT EXTERNAL (NRE) DEPOSITS - w.e.f 01/02/2010
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MATURITY
INTEREST RATES 
1 Year to less than 2 Years
2.60% p.a.
2 Years to less than 3 years
2.91%p.a
3 years and upto 5 years
3.53%p.a.
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c) NON RESIDENT (EXTERNAL) RUPEE SAVINGS A/C w.e.f 18/11/2005
Non Resident (External) Rupee Savings A/C 3.50% pa.
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B) INTEREST RATES ON FOREIGN CURRENCY DEPOSITES
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a) FOREIGN CURRENCY ( NON RESIDENT ) ACCOUNTS ( BANKS ) SCHEME - FCNR(B) w.e.f   01/02/2010
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  EURO GBP USD JPY CAD AUD
1 Year to less than 2 Years 2.20% 2.26% 1.85% - 2.26% 6.21%
2 Years to less than 3 Years 2.68% 2.75% 2.16% - 2.36% 6.02%
3 Years to less than 4 Years 3.08% 3.36% 2.78% - 2.90% 6.28%
4 Years to less than 5 Years 3.37% 3.81% 3.29% - 3.31% 6.57%
5 Years only 3.63% 4.14% 3.71% - 3.62% 6.70%
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b) RESIDENT FOREIGN CURRENCY ACCOUNT (RFC) w.e.f 01/02/2010
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For Current Account : No interest is payable ( as per existing RBI Guidelines ) 

RFC SB Deposits  EURO  GBP  USD  JPY 
Figures in %age1.00%1.00%1.00%

RFC Term Deposits
Tenure  EURO  GBP  USD  JPY 
1 month to less than 1 Years
1 Years to less than 2 YearsEUR 2.20%GBP 2.26%USD 1.85%
2 Years to less than 3 YearsEUR 2.68%GBP 2.75%USD 2.16%
3 YearsEUR 3.08%GBP 3.36%USD 2.78%
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c) NOTIONAL RATES FOR ALL FRESH FOREIGN CURRENCY TRANSACTIONS RELATING TO FCNR(B), EEFC, RFC, RFC (DOMESTIC), PCFC, EBRD, FCDL AND INVESTMENT WITH BANK, WHEREVER APPLICABLE, W.E.F  12/10/2009
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CURRENCY NOTIONAL RATES
US DOLLAR Rs. 46/-
POUND STERLING Rs. 74/-
EURO Rs. 69/-
CAD Rs. 44/-
AUD Rs. 42/-
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d) EEFC (TERM DEPOSIT) ACCOUNTS W.E.F  01/08/2008
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TENURE EURO GBP USD
3 months to 6 months (Maximum up to 31.10.2008) 3.97 4.77 1.85