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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
Above 1 Years - upto 2 Years 7.30% 7.60%
Above 2 Years - upto 4 Years 6.75% 7.00%
Above 4 Years - upto 7 Years 6.75% 7.00%
Above 7 Years – upto 10 Years 6.50% 6.75%
200 days 7.50% 7.75%
1000 days 7.25% 7.50%

FCNR Deposits for Sept, 2019.

Above 1 year to less than 2 years 2 years only
USD 3.29% 3.03%
GBP 2.17% 2.15%
EUR 1.01% 0.95%

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.