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NRI Deposit Rates
Home » Interest Rates » NRI Deposit Rates

NRI Deposit Rates

A) Interest Rates on FCNR/RFC Deposits from 1st October 2017 to 31st October 2017

FCNR DEPOSITS:
Period of Deposit USD EUR
1 year to less than 2 years 2.79 0.27
2 years to less than 3 years 2.96 -
3 years to less than 4 years 3.08 -
4 years to less than 5 years 3.15 -
5 years 3.22 -

RFC SAVINGS DEPOSIT (USD) - 1.23%
RFC FIXED DEPOSITS: USD EUR
1 year to less than 2 years 2.79 0.27
2 years to less than 3 years 2.96 -
3 years 3.08 -


The interest rates on FCNR deposits are subject to monthly revision. Therefore, you are requested to contact IBD before committing rate of interest on such deposits at month ends to any prospective clients, especially for large amounts.

For FCNR deposits in other currencies please contact IBD.

B) Rates for NRO Term Deposits (W.E.F 23rd August, 2017):

For Single term deposits up to Rs. 50 lakhs 


Tenor

ROI For
All Categories
(% p.a)

15 days to 30 days

4.25

31 days to 90 days

4.75

91 days  to 179 days

5.25

180 days up to 1 year

6.50

Above 1 year up to 24 months

6.60

Above 24 months up to 36 months

6.40

Above 36 months up to 60 months

6.40

Above 60 months  and upto 120 months

6.40

For Single term deposit of Above Rs. 50 lakhs but below Rs. 3 crore:


Tenor

ROI For
All Categories
(% p.a)

15 days to 30 days

4.25

31 days to 90 days

4.75

91 days  to 179 days

5.25

180 days up to 1 year

5.50

Above 1 year up to 24 months

6.00

Above 24 months up to 36 months

6.00

Above 36 months up to 60 months

6.00

Above 60 months  and upto 120 months

6.00

For Single term deposit of Rs. 3 crore & above:


Tenor

ROI For
All Categories
(% p.a)

15 days to 30 days

4.25

31 days to 90 days

4.75

91 days  to 179 days

5.25

180 days up to 1year

5.50

Above 1 year up to 24 months

5.85

Above 24 months up to 36 months

5.85

Above 36 months up to 60 months

5.85

Above 60 months  and upto 120 months

5.85

C) Rates for NRE Term Deposits (W.E.F 23rd August, 2017):

 For Single term deposits up to Rs. 50 lakhs:

Tenor

ROI for NRE Term Deposits           (For All Categories)                      (% p.a.)

1 year

6.50

Above 1 year upto 24 months

6.60

Above 24 months upto 36 months

6.40

Above 36 months upto 60 months

6.40

 For Single term deposit of Above Rs. 50 lakhs but below Rs. 3 crore:

Tenor

ROI for NRE Term Deposits           (For All Categories)                      (% p.a.)

1 year

5.50

Above 1 year upto 24 months

6.00

Above 24 months upto 36 months

6.00

Above 36 months upto 60 months

6.00

 For Single term deposit of Rs. 3 crore & above:

Tenor

ROI for NRE Term Deposits           (For All Categories)                      (% p.a.)

1 year

5.50

Above 1 year upto 24 months

5.85

Above 24 months upto 36 months

5.85

Above 36 months upto 60 months

5.85

Saraswat-Bank
Saraswat-Bank