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 01.07.2010 to 31.07.2010

PERIOD

Revised Interest Rates 
(%p.a.)

1 year to less than 2 years

2.92

2 years to less than 3 years

2.72

For 3 years & above

3.08

 

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

Interest Rate effective from  01.07.2010 to 31.07.2010

PERIOD

Rate Of Interest
(Compounded Half Yearly)
USD GBP EUR
1 year to less than 2 years 2.17 2.46 2.29
2 years to less than 3 years 1.97 2.43 2.35
3 years less than 4 years 2.33 2.80 2.58
4 years less than 5 years 2.71 3.16 2.83
5 years only 3.05 3.45 3.07

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

Housing Loan Scheme for NRIs
INTEREST RATES CLICK HERE