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NRE Term
Deposit Rates

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Rate of interest on NRE /NRO and FCNR Deposits

Revised Interest Rate w.e.f. April 19, 2021.

Period NRE / NRO
MIP / FDR / RD /QIRP
From 1 Year - upto 2 Years 5.60%
Above 2 Years - upto 5 Years 5.75%
Above 5 Years - upto 10 Years 5.85%

FCNR Deposit rates applicable for 01.05.2024 to 31.05.2024 are as follows

Above 1 year to less than 2 years Above 2 years to less than 3 years Above 3 years to less than 5 years
USD 5.75% 4.70% 4.50%
GBP 4.00 % - -
EUR 1.90% - -

Minimum amount accepted for FCNR deposit are as follows:

USD : USD 1000

GBP : GBP 1000

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

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