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 01/08/2010
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MATURITY
INTEREST RATES 
1 Year to less than 2 Years
2.79% p.a.
2 Years to less than 3 years
2.49% p.a
3 years and upto 5 years
2.82% 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   01/08/2010
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  EURO GBP USD JPY CAD AUD
1 Year to less than 2 Years 2.39% 2.48% 2.04% - 2.92% 6.60%
2 Years to less than 3 Years 2.44% 2.39% 1.74% - 2.58% 5.92%
3 Years to less than 4 Years 2.68% 2.77% 2.07% - 2.94% 5.98%
4 Years to less than 5 Years 2.92% 3.14% 2.43% - 3.25% 6.18%
5 Years only 3.17% 3.45% 2.79% - 3.49% 6.29%
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..
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b) RESIDENT FOREIGN CURRENCY ACCOUNT (RFC) w.e.f 01/08/2010
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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 2.39%GBP 2.48%USD 2.04%
2 Years to less than 3 YearsEUR 2.44%GBP 2.39%USD 1.74%
3 YearsEUR 2.68%GBP 2.77%USD 2.07%
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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  01/08/2010
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CURRENCY NOTIONAL RATES
US DOLLAR Rs. 46/-
POUND STERLING Rs. 72/-
EURO Rs. 60/-
CAD Rs. 44/-
AUD Rs. 41/-
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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