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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 15.09.2023 (% p.a)
Upto 1 Crore 2.70%
Above 1 Crore to upto 50 Crore 2.90%
Above 50 Crore to upto 100 Crore 4.52%
Above 100 Crore to upto 500 Crore 4.55%
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 15.09.2023 (% p.a)
Upto 1 Crore 2.70%
Above 1 Crore to upto 50 Crore 2.90%
Above 50 Crore to upto 100 Crore 2.52%
Above 100 Crore to upto 500 Crore 4.55%
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. 09/05/2024

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 1.41% 5.00% 5.65% - 4.50% 3.63%
2 Year - <3 Year 1.41% 2.35% 4.28% - 4.10% 3.53%
3 Year - <4 Year 1.41% 2.45% 3.98% - 3.85% 3.03%
4 Year <5 Year 1.41% 2.45% 3.98% - 3.90% 3.03%
5 Year only 1.41% 2.45% 3.98% - 3.95% 3.00%
 
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. 01/05/2024  
CURRENCY NOTIONAL RATES
USD Rs. 83/-
GBP Rs. 104/-
EURO Rs. 89/-
CAD Rs. 60/-
AUD Rs. 54/-
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