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NRE Term
Deposit Rates

Rate of interest on NRE /NRO and FCNR Deposits

Revised Interest Rates w.e.f. 04th January,2021

Period NRE / NRO
SDR/MIP/FDR/RD/QIRP
1 years – upto 2 years 5.50 %
Above 2 years – upto 5 years 5.75 %
Above 5 Years - upto 10 Years 6.00%

FCNR Deposit rates applicable for 01.01.2021 to 31.01.2021 are as follows .

Above 1 year to less than 2 years 2 years only
USD 1.97% 1.97%
GBP 1.76% 1.78%
EUR 1.24% 1.23%

Minimum amount accepted for FCNR deposit are as follows:

USD : USD 1000

GBP : GBP 1000

EUR : EUR 1000

All the above deposits are accepted in multiple of foreign currency of 500.