#1
3rd April 2016, 10:23 AM
| |||
| |||
State Bank Of India RFC Interest Rates
Hello sir, I have an account in State bank of India. I want to know the RFC intertse rates of state bank of India? Can any one here provide me detail of State Bank Of India RFC Interest Rates?
|
#2
3rd April 2016, 10:23 AM
| |||
| |||
Re: State Bank Of India RFC Interest Rates
Resident Foreign Currency (RFC) Account of state bank of India is to park funds for those NRIs / PIOs who have returned to India for permanent settlement (Returning Indians) This Account can be opened in USD, EURO or GBP. It can be opened either individually or jointly with any other person eligible to open RFC account Both principal and interest are payable in foreign currency. Hence, there is no exchange loss on principal and interest RFC Account types permissible: Term Deposit Special Term Deposit Resident Foreign Currency: Resident Foreign Currency account (rfc ) (% p.a.) W.e.f 01st march 2016: Maturity Period USD GBP EURO 1 year to less than 2 years 1.49 1.35 0.57 2 years to less than 3 years 1.84 1.73 0.8 3 years 1.94 1.76 0.83 Interest rates for RFC deposits with maturities of 1 to 2 years and 2 to3 years will stand at 4.21% and 3.52% respectively. |
|