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Rates of interest on NRE term deposits have been revised with effect from 01.09.2020 With this revision, the interest rates offered on NRE term deposits for different maturity periods are as under
| Period |
Rate of Interest (< 2 Cr) |
| 1 Year |
5.25 % |
| > 1 Year to 3 Years |
5.25 % |
| > 3 Years to 5 Years |
5.30 % |
| > 5 Years to 10 Years |
5.40 % |
The revised interest rates are applicable to all fresh deposits and renewals of the existing deposits with effect from 01.09.2020
 FCNR(B) Deposits : Interest Rates w.e.f., 01.12.2020 |
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The revised interest rates on FCNR [B] Deposits with effect from 01.12.2020 are as under:
| Currency |
1 Year & above but less than 2 Years |
2 Years & above but less than 3 Years |
3 Years & above but less than 4 Years |
4 Years & above but less than 5 Years |
5 years |
| USD <300,000 |
0.88 |
0.77 |
0.86 |
0.88 |
0.91 |
| USD >=300,000 |
0.88 |
0.87 |
0.96 |
0.98 |
1.01 |
| GBP |
0.48 |
0.51 |
0.57 |
0.62 |
0.67 |
| EUR |
0.01 |
0.01 |
0.01 |
0.01 |
0.01 |
| AUD |
0.14 |
0.15 |
0.22 |
0.28 |
0.36 |
| JPY |
0.01 |
0.04 |
0.05 |
0.06 |
0.06 |
| CAD |
0.72 |
0.63 |
0.73 |
0.82 |
0.98 |
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RFC Deposit interest rate with effect from 01.12.2020 are as under:
| CURRENCY |
6 MONTHS to < 1YR |
1YR to <2YRS |
2YRS to <3 YRS |
3 YRS |
| USD < 300,000 |
0.88 |
0.88 |
0.77 |
0.86 |
| USD > = 300,000 |
0.88 |
0.88 |
0.87 |
0.96 |
| GBP |
0.48 |
0.48 |
0.51 |
0.57 |
| EUR |
0.01 |
0.01 |
0.01 |
0.01 |
| JPY |
0.01 |
0.01 |
0.04 |
0.05 |
| CAD |
0.72 |
0.72 |
0.63 |
0.73 |
| AUD |
0.14 |
0.14 |
0.15 |
0.22 |
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