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NRE Term
Deposit Rates

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 01.06.2021 to 30.06.2021 are as follows.

Above 1 year to less than 2 years 2 years only
USD 1.91% 2.00%
GBP 1.88% 2.07%
EUR 1.25% 1.29%

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.

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