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Forex Interest Rates

Non Resident Ordinary Deposits - w.e.f. 12/11/2020  
Rate of Interest in %
3.10% pa.
 
NON RESIDENT (EXTERNAL) RUPEE SAVINGS A/C w.e.f. 12/11/2020  
Rate of Interest in % w.e.f. 12.11.2020
3.10% 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. 01/08/2022

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 0.05% 2.39% 3.00% - 2.06% 1.60%
2 Year - <3 Year 0.10% 2.20% 2.90% - 2.96% 2.05%
3 Year - <4 Year 0.15% 2.20% 2.70% - 2.80% 2.10%
4 Year <5 Year 0.15% 2.20% 2.60% - 2.70% 2.15%
5 Year only 0.15% 2.20% 2.50% - 2.50% 2.20%
 
Resident Foreign Currency Account (RFC) w.e.f. 17/05/2022  

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

RFC SB Deposits EURO GBP USD JPY
Figures in %age - - - -
 
RFC Term Deposits  
Tenure EURO GBP USD JPY
1 Year - <2 Year 0.07% 1.89% 1.53% -
2 Year - <3 Year 0.27% 2.24% 1.93% -
3 Year 0.42% 2.39% 2.18% -
 
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. 01/08/2022  
CURRENCY NOTIONAL RATES
USD Rs. 79/-
GBP Rs. 96/-
EURO Rs. 80/-
CAD Rs. 61/-
AUD Rs. 55/-
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