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FCNR Interest rates |
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FCNR (B) Deposits rates
w.e.f. May 04, 2008 |
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*Subject to applicable rules and regulations |
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| Tenor |
Rate
of Interest (%) per annum |
| Currency: USD |
Previous rate |
Revised rate w.e.f May 04, '08 |
| 1 year
< 375 days |
1.95% |
2.32% |
| 375 days |
1.95% |
2.32% |
| 376 days < 2 years |
1.95% |
2.42% |
| 2 years < 740 days |
1.60% |
2.42% |
| 740 days |
1.60% |
2.42% |
| 741 days < 3 years |
2.08% |
1.60% |
| 3 years |
2.00% |
2.70% |
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| Currency: GBP |
Previous rate |
Revised rate w.e.f May 04, '08 |
| 1 year
< 375 days |
4.81% |
5.06% |
| 375 days |
4.81% |
5.06% |
| 376 D < 1.5 years
|
4.81% |
5.06% |
| 1.5 years < 2 years
|
4.50% |
5.06% |
| 2 years |
4.15% |
4.65% |
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Currency: EUR |
Previous rate |
Revised rate w.e.f May 04, '08 |
| 1 year
< 375 days |
3.63% |
4.20% |
| 375 days |
3.63% |
4.20% |
| 376 days < 2 years |
3.63% |
4.20% |
| 1.5 years < 2 years |
3.05% |
4.20% |
| 2 years |
2.85% |
3.78% |
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| Currency: CAD |
Previous rate |
Revised rate w.e.f May 04, '08 |
|
1 year
< 2 years |
3.10% |
2.90% |
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| Currency: AUD |
Previous rate |
Revised rate w.e.f May 04, '08 |
|
1 year
< 2 Years |
7.66% |
7.51% |
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*Above rates are offered by Standard Chartered Bank and are
subject to change without prior notice.
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Please Note: Penalties as per Reserve Bank of India (RBI)
directives will apply in case of premature withdrawal. |
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RFC Interest Rates
w.e.f. October 22, 2003 |
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The interest rates on RFC term deposits are |
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| Tenor |
Term Deposit Rate % p.a |
S.E.R % p.a. |
|
USD |
| 1 Day to < 6 Months |
0.25 |
|
| 6 Months to < 1 year |
0.50 |
|
| 6 Months |
|
0.50001 |
| 1 Year to < 2 Years |
1.00 |
|
| 12 Months |
|
1.00258 |
| 2 Years |
1.50 |
1.51731 |
|
GBP |
| Tenor |
|
|
| 1 Day to < 6 Months |
1.50 |
|
| 6 Months to < 1 year |
1.50 |
|
| 6 Months |
1.50 |
1.50009 |
| 1 Year to < 2 Years |
2.50 |
|
| 12 Months |
|
2.51615 |
| 2 Years |
2.60 |
2.65220 |
|
EURO |
| Tenor |
|
|
| 1 Day to < 6 Months |
0.50 |
|
| 6 Months to < 1 year |
0.50 |
|
| 6 Months |
|
0.50001 |
| 1 Year to < 2 Years |
1.50 |
|
| 12 Months |
|
1.50581 |
| 2 Years |
1.50 |
1.51731 |
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NRE Interest Rates |
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NRE Savings
Interest rate
w.e.f September 02, 2006 |
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| NRE Savings Interest rate |
| Tenor |
Rate of Interest (%p.a.) |
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3.50% |
|
|
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NRE Fixed
Deposits rates
w.e.f May 04, 2008
|
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| NRE Fixed Deposits -
Min. balance Rs.25,000/- |
| NRE Term Deposits |
| Deposit Period |
Previous rate |
Revised rate w.e.f May
04, '08 |
| 1 year < 13 Months |
2.70% |
3.07% |
| 13 months* |
2.70% |
3.07% |
| > 13 Months - < 2 years |
2.70% |
3.07% |
| 2 years - < 25 Months |
2.62% |
3.17% |
| 25 months* |
2.62% |
3.17% |
| > 25 Months - < 3 years |
2.62% |
3.17% |
| 3 years - < 4 years |
2.93% |
3.45% |
| 4 years - < 59 Months |
2.93% |
3.45% |
| 59 Months |
2.93% |
3.45% |
| > 59 Months - 5 years |
2.93% |
3.45% |
|
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*Special tenors |
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Please note: The average quarterly balance requirement for the NRE Savings/ Current Account is Rs 25,000. The average quarterly balance requirement for the NRE Supervalue Savings Account is Rs 100,000.
NA. |
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Interest Rate (Carded) for Term Deposits
w.e.f April 19th, 2008 |
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| Domestic & NRO Deposits |
| Tenor |
Rate of Interest (%p.a.) |
| 15 days - 59 days |
5.25% |
| 60 days – 89 days |
5.75% |
| 90 days – 360 days |
6.25% |
| 361 days |
8.50% |
| 362 days< 1year |
6.25% |
| 1 year < 2years |
6.50% |
| 2 years - 5 years |
6.75% |
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