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Forex Interest Rates

Non Resident Ordinary Deposits - w.e.f. 12/11/2020  
Rate of Interest in %
3.10% pa.
 
NON RESIDENT (EXTERNAL) RUPEE SAVINGS A/C w.e.f. 12/11/2020  
Rate of Interest in % w.e.f. 12.11.2020
3.10% pa.
Note: All these interest rates are subject to change without notice.


Non Resident External (NRE) Term Deposits Click here

 
Interest Rates on Foreign Currency Deposites  

Foreign Currency ( Non Resident ) Accounts ( Banks ) Scheme - FCNR(B) w.e.f. 17/05/2022

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 0.07% 1.89% 1.53% - 1.77% 0.95%
2 Year - <3 Year 0.27% 2.24% 1.93% - 2.82% 1.40%
3 Year - <4 Year 0.42% 2.39% 2.18% - 3.02% 1.80%
4 Year <5 Year 0.52% 2.39% 2.28% - 3.07% 2.05%
5 Year only 0.57% 2.34% 2.38% - 3.12% 2.15%
 
Resident Foreign Currency Account (RFC) w.e.f. 17/05/2022  

For Current Account : No interest is payable ( as per existing RBI Guidelines )

RFC SB Deposits EURO GBP USD JPY
Figures in %age - - - -
 
RFC Term Deposits  
Tenure EURO GBP USD JPY
1 Year - <2 Year 0.07% 1.89% 1.53% -
2 Year - <3 Year 0.27% 2.24% 1.93% -
3 Year 0.42% 2.39% 2.18% -
 
National Rates For all Fresh Foreign Currency Transactions Relating To FCNR(B), EEFC, RFC,RFC (Domestic), PCFC, EBRD, FCDL and Investment with Bank, Wherever Applicable, w.e.f. 01/05/2022  
CURRENCY NATIONAL RATES
USD Rs. 76/-
GBP Rs. 95/-
EURO Rs. 80/-
CAD Rs. 59/-
AUD Rs. 54/-
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