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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. 01/06/2019

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 0.74% 1.82% 3.28% - 3.20% 2.27%
2 Year - <3 Year 0.73% 1.88% 3.03% - 2.83% 2.22%
3 Year - <4 Year 0.79% 1.90% 3.21% - 3.05% 2.23%
4 Year <5 Year 0.83% 1.92% 3.21% - 3.04% 2.37%
5 Year only 0.91% 1.95% 3.19% - 3.05% 2.43%
 
Resident Foreign Currency Account (RFC) w.e.f. 01/06/2019  

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 0.74% 1.82% 3.28% -
2 Year - <3 Year 0.73% 1.88% 3.03% -
3 Year 0.79% 1.90% 2.96% -
 
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. 01/05/2019  
CURRENCY NATIONAL RATES
USD Rs. 70/-
GBP Rs. 88/-
EURO Rs. 78/-
CAD Rs. 51/-
AUD Rs. 48/-
For Hot Listing (Blocking)
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