NRE/NRO Deposit Interest Rates

NRE Rupee Term Deposits

Interest rates for NRE Rupee Term Deposits w.e.f. 10.04.2023
Maturity Pattern	Interest Rate (% p.a) for Deposits below Rs.2 Crore	Interest Rate (% p.a) for Deposits Rs.2 Crore and upto Rs. 10 Crore
375 days (KBL Centenary Deposit)	7.30	7.30
1 Year to 2 Years	7.00	7.00
Above 2 Year to 5 Years	6.50	6.50
Above 5 Year to 10 Years	5.80	5.80

NRO Rupee Term Deposits

Interest rates for NRO Rupee Term Deposits w.e.f. 10.04.2023
Maturity Pattern	Interest Rate (% p.a) for Deposits below Rs.2 Crore	Interest Rate (% p.a) for Deposits Rs.2 Crore and upto Rs. 10 Crore
7 days to 45 days	4.50	5.00
46 days to 90 days	4.50	5.00
91 days to 364 days	5.25	5.25
1 year to 2 years	7.00	7.00
375 days (KBL Centenary Deposit)	7.30	7.30
Above 2 Year to 5 years	6.50	6.50
Above 5 year to 10 years	5.80	5.80

Premature Closure of NRE Deposits:

In the case of NRE rupee deposits, the minimum period of deposit is 1 year. Hence, no interest is payable on premature closure of NRE rupee deposits within 1 year.

Interest on FCNR (B) Deposits & RFC Deposits.

The Interest rates on FCNR (B) and RFC Deposits with effect from 10th February, 2023 are as under.

Period	USD	GBP	EUR	CAD	AUD	JPY	CHF	SEK	HKD	SGD
1 Year Only	5.25	3.67	1.00	3.35	2.55	0.15	0.05	0.15	0.33	0.42
Above 1 year but less than 2 Years	5.25	3.67	1.00	3.35	2.55	0.15	0.05	0.15	0.33	0.42
2 Years and above but less than 3 Years	4.65	3.02	1.00	3.35	2.60	0.16	NA	NA	0.72	0.84
3 Years and above but less than 4 years	4.50	2.84	1.00	3.30	2.32	0.12	NA	NA	0.74	0.78
4 Years and above but less than 5 Yrs	4.00	2.82	0.82	3.27	2.44	0.09	NA	NA	0.65	0.78
5 Years only	3.90	2.72	0.81	3.22	2.53	0.09	NA	NA	0.57	0.78

Interest Rates for RFC (Maturity less than 1 YEAR) w.e.f 10.02.2023 are as under.

Period	USD	GBP	EUR	CAD	AUD	JPY	CHF	SEK	HKD	SGD
Savings Bank	0.30	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL
One Month to less than Three Months	0.50	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL
Three Months to less than Six Months	0.75	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL
Six Months but less than One Year	1.00	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL	NIL

Broken period interest on FCNR (B) Deposits w.e.f from 10.02.2023.

Currency	USD	GBP	EUR	CAD	AUD	JPY	CHF	SEK	HKD	SGD
Broken Period Interest	0.10%	0.10%	NIL	0.10%	0.10%	NIL	NIL	NIL	NIL	NIL

Savings Bank Account - Interest Rates

Interest rates for Non Resident External [NRE] and Non Resident Ordinary [NRO] Savings Bank accounts w.e.f. 01.06.2020.
Type of account	Day-end Balance	Rate of Interest(% per annum)
All NRE & NRO SB accounts	Upto & including ₹ 1 Lakh	2.75
	Above ₹ 1 lakh up to ₹ 10 Lakh	2.75
	Above ₹ 10 lakh up to ₹ 50 Lakh	2.75
	₹ 50 lakh up to ₹ 100 Lakh	3.50
	Above ₹ 100 lakh	4.50