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. 17/09/2021

  EURO GBP USD JPY CAD AUD
1 Year - <2 Year 0.04% 0.74% 0.92% - 1.07% 0.61%
2 Year - <3 Year 0.07% 0.99% 1.04% - 1.31% 0.71%
3 Year - <4 Year 0.11% 1.10% 1.24% - 1.52% 0.91%
4 Year <5 Year 0.21% 1.17% 1.42% - 1.68% 1.07%
5 Year only 0.21% 1.22% 1.55% - 1.79% 1.26%
 
Resident Foreign Currency Account (RFC) w.e.f. 18/09/2021  

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 0.04% 0.74% 0.92% -
2 Year - <3 Year 0.07% 0.99% 1.04% -
3 Year 0.11% 1.10% 1.24% -
 
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. 01/10/2021  
CURRENCY NATIONAL RATES
USD Rs. 74/-
GBP Rs. 100/-
EURO Rs. 86/-
CAD Rs. 58/-
AUD Rs. 53/-
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