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Forex Interest Rates

Non Resident Ordinary Deposits - w.e.f. 04/09/2017  
Balance at End of the day Rate of Interest in % w.e.f. 04.09.2017
Upto 20 Lakhs 3.50% pa.
Above 20 Lakhs 4.00% pa.
 
NON RESIDENT (EXTERNAL) RUPEE SAVINGS A/C w.e.f. 04/09/2017  
Balance at End of the day Rate of Interest in % w.e.f. 04.09.2017
Upto 20 Lakhs 3.50% pa.
Above 20 Lakhs 4.00% pa.
Note: All these interest rates are subject to change without notice.


Non Resident External (NRE) Term Deposits Click here

 
Interest Rates on Foreign Currency Deposites  

Foreign Currency ( Non Resident ) Accounts ( Banks ) Scheme - FCNR(B) w.e.f. 01/04/2019

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 0.78% 1.87% 3.53% - 3.22% 2.62%
2 Year - <3 Year 0.80% 1.97% 3.36% - 2.89% 2.53%
3 Year - <4 Year 0.88% 2.01% 3.53% - 3.10% 2.52%
4 Year <5 Year 0.94% 2.05% 3.50% - 3.10% 2.69%
5 Year only 1.04% 2.09% 3.51% - 3.13% 2.75%
 
Resident Foreign Currency Account (RFC) w.e.f. 01/04/2019  

For Current Account : No interest is payable ( as per existing RBI Guidelines )

RFC SB Deposits EURO GBP USD JPY
Figures in %age - - - -
 
RFC Term Deposits  
Tenure EURO GBP USD JPY
1 Year - <2 Year 0.78% 1.87% 3.53% -
2 Year - <3 Year 0.80% 1.97% 3.36% -
3 Year 0.88% 2.01% 3.53% -
 
National 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. 01/04/2019  
CURRENCY NATIONAL RATES
USD Rs. 69/-
GBP Rs. 90/-
EURO Rs. 77/-
CAD Rs. 51/-
AUD Rs. 49/-
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