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Forex Interest Rates

( NRO ) Saving Account  
Balance at End of the day Rate of Interest in %
Saving Bank Deposit including NRE/NRO Revised Rates
w.e.f 01.11.2022 (% p.a)
Upto 1 Crore 2.80%
Above 1 Crore to upto 100 Crore 2.90%
Above 100 Crore to upto 500 Crore 4.50%
Above 500 Crore 5.00%
 
Non Resident External (NRE) Saving Account  
Balance at End of the day Rate of Interest in %
Saving Bank Deposit including NRE/NRO Revised Rates
w.e.f 01.11.2022 (% p.a)
Upto 1 Crore 2.80%
Above 1 Crore to upto 100 Crore 2.90%
Above 100 Crore to upto 500 Crore 4.50%
Above 500 Crore 5.00%


Non Resident External (NRE) Term Deposits Click here

 
FCNR ( B ) Deposit  

Foreign Currency ( Non Resident ) Accounts ( Banks ) Scheme - FCNR(B) w.e.f. 01/01/2023

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 0.50% 4.00% 5.00% - 4.50% 2.50%
2 Year - <3 Year 0.15% 2.50% 3.50% - 3.25% 2.00%
3 Year - <4 Year 0.15% 2.45% 3.05% - 3.00% 1.80%
4 Year <5 Year 0.15% 2.45% 2.95% - 2.75% 1.80%
5 Year only 0.15% 2.45% 2.85% - 2.75% 1.80%
 
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. 01/01/2023  
CURRENCY NOTIONAL RATES
USD Rs. 82/-
GBP Rs. 99/-
EURO Rs. 87/-
CAD Rs. 60/-
AUD Rs. 55/-
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