Queries Regarding Remittance from abroad 011-25728461
Email id- ho.fex@psb.co.in
( NRO ) Saving Account
| Balance at End of the day | Rate of Interest in % |
| Saving Bank Deposit including NRE/NRO | Revised Rates w.e.f 15.09.2023 (% p.a) |
|---|---|
| Upto 1 Crore | 2.70% |
| Above 1 Crore to upto 50 Crore | 2.90% |
| Above 50 Crore to upto 100 Crore | 4.52% |
| Above 100 Crore to upto 500 Crore | 4.55% |
| Above 500 Crore | 5.00% |
Non Resident External (NRE) Saving Account
| Balance at End of the day | Rate of Interest in % |
| Saving Bank Deposit including NRE/NRO | Revised Rates w.e.f 15.09.2023 (% p.a) |
|---|---|
| Upto 1 Crore | 2.70% |
| Above 1 Crore to upto 50 Crore | 2.90% |
| Above 50 Crore to upto 100 Crore | 2.52% |
| Above 100 Crore to upto 500 Crore | 4.55% |
| Above 500 Crore | 5.00% |
Non Resident External (NRE) Term Deposits Click here
FCNR ( B ) Deposit
Foreign Currency ( Non Resident ) Accounts ( Banks ) Scheme - FCNR(B) w.e.f. 23/10/2024
| EURO | GBP | USD | JPY | CAD | AUD | |
| 1 Year - <2 Year | 3.50% | 5.00% | 5.30% | - | 4.50% | 3.75% |
| 2 Year - <3 Year | 1.50% | 2.35% | 3.50% | - | 4.12% | 3.60% |
| 3 Year - <4 Year | 1.50% | 2.45% | 3.25% | - | 3.87% | 3.10% |
| 4 Year <5 Year | 1.50% | 2.45% | 3.25% | - | 3.90% | 3.10% |
| 5 Year only | 1.50% | 2.45% | 3.25% | - | 3.95% | 3.00% |
Resident Foreign Currency Account (RFC) w.e.f. 17/05/2022
For Current Account : No interest is payable ( as per existing RBI Guidelines )sdfsdf
| 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% | - |
Notional 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. 01/10/2024
| CURRENCY | NOTIONAL RATES |
|---|---|
| USD | Rs. 83/- |
| GBP | Rs. 111/- |
| EURO | Rs. 93/- |
| CAD | Rs. 61/- |
| AUD | Rs. 57/- |
