RATE OF INTEREST ON FCNR 'B' DEPOSITS: W.E.F. 16.12.2022

(PERCENTAGE PER ANNUM)

MATURITY USD GBP EUR JPY CAD AUD
1 YR TO LESS THAN 2 YRS 5.00 3.70 0.02 0.55 0.99 2.60
2 YRS TO LESS THAN 3 YRS 4.00 2.50 0.21 0.55 2.05 1.42
3 YRS TO LESS THAN 4 YRS 3.35 2.55 0.36 0.54 2.27 1.78
4 YRS TO LESS THAN 5 YRS 3.25 2.60 0.46 0.55 2.33 2.05
5 YRS (Maximum) 3.15 2.60 0.52 0.56 2.34 2.17

Premature Withdrawal

  • No interest will be payable on premature withdrawal of deposit within twelve months from the date of deposit.
  • On premature withdrawal of deposit which has remained with the bank for a period above 12 months, penalty of 1% is applicable from the date of deposit, till the period for which the deposit remained with the bank.