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Forex Interest Rates

( NRO ) Saving Account  
Balance at End of the day Rate of Interest in %
Saving Bank Deposit including NRE/NRO Revised Rates
w.e.f 16.02.2026 (% p.a)
Up to 1 .00 Crore 2.20%
Above 1 Crore to upto 50 Crore 2.60%
Above 50 Crore to upto 100 Crore 4.00%
Above 100 Crore to upto 500 Crore 4.25%
Above 500 Crore 4.70%
 
Non Resident External (NRE) Saving Account  
Balance at End of the day Rate of Interest in %
Saving Bank Deposit including NRE/NRO Revised Rates
w.e.f 16.06.2025 (% p.a)
Upto 1 Crore 2.50%
Above 1 Crore to upto 50 Crore 2.70%
Above 50 Crore to upto 100 Crore 4.32%
Above 100 Crore to upto 500 Crore 4.35%
Above 500 Crore 4.80%


Non Resident External (NRE) Term Deposits Click here

 
FCNR ( B ) Deposit  

Foreign Currency ( Non Resident ) Accounts ( Banks ) Scheme - FCNR(B) w.e.f. 15/06/2026

  USD GBP EURO CAD AUD 3.50% 3.75%
2yr to less than 3 years 3.65% 3.00% 1.50% 2.90% 3.60%
3yr to less than 4 years 6.70% 2.75% 1.50% 2.65% 3.10%
4yr to less than 5 years 6.75% 2.75% 1.50% 2.75% 3.10%
5 years only 6.80% 2.75% 1.50% 2.75% 3.00%
 
Resident Foreign Currency Account (RFC) w.e.f. 17/05/2022  

For Saving Account and Current Account : No interest is Payable

RFC SB Deposits EURO GBP USD JPY
Figures in %age - - - -
 
RFC Term Deposits  
Tenure EURO GBP USD JPY
1 Year - <2 Year 0.07% 1.89% 1.53% -
2 Year - <3 Year 0.27% 2.24% 1.93% -
3 Year 0.42% 2.39% 2.18% -
 
Notional Rates For all Fresh Foreign Currency Transactions Relating To FCNR(B), EEFC, RFC,RFC (Domestic), PCFC, EBRD, FCDL and Investment with Bank, Wherever Applicable, w.e.f. 01/06/2026  
CURRENCY NOTIONAL RATES
USD Rs. 95.00
POUND STERLING Rs. 128.00
EURO Rs. 110.00
CAD Rs. 69.00
AUD Rs. 68.00
AED Rs. 25.00
JPY Rs. 59.00

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