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NRE Term
Deposit Rates

Rate of interest on NRE /NRO and FCNR Deposits

Period NRE /NRO Deposits
QIRP FDR/MIP/RD
1 years - upto 5 years 6.25% 6.50%
Above 5 years - upto 10 years 6.00% 6.25%

FCNR Deposits for June, 2020.

Above 1 year to less than 2 years 2 years only
USD 1.80% 1.77%
GBP 1.70% 1.77%
EUR 1.28% 1.21%

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.