FCNR Deposit Rates

The revised interest rates for the period from 06/07/2026 To 31/07/2026 in respect of FCNR term deposits are as below:

FCNR DEPOSITS (Under the RBI Swap facility)

(In Percentage)
PERIOD USD GBP EUR JPY CAD AUD
Below 1 Million 1 Million and above
1 Year and above but less than 2 Years 5.00 5.00 3.98 2.68 1.23 2.32 4.60
2 Years and above but less than 3 Years 4.00 4.00 3.73 1.68 1.23 1.82 4.35
3 Years and above but less than 4Years 7.00 7.10 2.73 1.18 1.23 1.82 4.35
4 Years and above but less than 5 Years 7.00 7.10 2.73 1.18 1.08 1.82 4.10
5 Years only 7.00 7.10 2.73 1.18 1.08 1.82 4.10

FCNR DEPOSITS (Not under the RBI Swap facility)

(In Percentage)
PERIOD USD GBP EUR JPY CAD AUD
1 Year and above but less than 2 Years 5.00 3.98 2.68 1.23 2.32 4.60
2 Years and above but less than 3 Years 4.00 3.73 1.68 1.23 1.82 4.35
3 Years and above but less than 4Years 4.00 2.73 1.18 1.23 1.82 4.35
4 Years and above but less than 5 Years 4.00 2.73 1.18 1.08 1.82 4.10
5 Years only 4.00 2.73 1.18 1.08 1.82 4.10
  • Any change in Interest Rates on FCNR deposits would be conveyed expeditiously through circular instructions/updation in website.
  • No interest is payable if the deposit is withdrawn before one year.
  • Any pre-closure after completion of one year will be applicable to pre-closure penalty norms.
  • FCNR - USD deposits booked under the 3 years up to 5 years tenor during the period 10/06/2026 to 30/09/2026 under the RBI FCNR (B) swap facility shall have a mandatory Lock in period of One Year. No premature closure will be permitted during this period. After completion of one-year, premature closure may be allowed as per the Bank's existing guidelines and interest will be paid at the applicable run period rate less 1% as per Bank's Deposit Policy.