NRI Products/Services

Interest Rates

BPLR at 12.75 w.e.f. 8th June 2009

Deposits

NON-RESIDENT EXTERNAL DEPOSIT ACCOUNT SCHEME                       (NRE)

Interest Rate effective from 01.03.2010 to 31.03.2010

PERIOD

Revised Interest Rates 
(%p.a.)

1 year to less than 2 years

2.59

2 years to less than 3 years

2.83

For 3 years & above

3.44

 

FOREIGN CURRENCY NON-RESIDENT (BANKS) ACCOUNT SCHEME          [FCNR(B)]

Interest Rate effective from  01.03.2010 to 31.03.2010

PERIOD

Rate Of Interest
(Compounded Half Yearly)
USD GBP EUR
1 year to less than 2 years 1.84 2.30 2.20
2 years to less than 3 years 2.08 2.57 2.45
3 years less than 4 years 2.69 3.11 2.85
4 years less than 5 years 3.20 3.58 3.18
5 years only 3.62 3.94 3.47

The revised rates are applicable only on fresh deposits and renewal of maturing deposits.

Housing Loan Scheme for NRIs
INTEREST RATES CLICK HERE