#1
10th August 2015, 09:30 AM
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FCNR State Bank of India
Will you please share with me the details of Foreign Currency Non Resident (Bank) [FCNR (B)] Account of State Bank of India as it is very urgent for me?
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#2
10th August 2015, 09:36 AM
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Re: FCNR State Bank of India
As you want to get the details of Foreign Currency Non Resident (Bank) [FCNR (B)] Account of State Bank of India so here is the information of the same for you: Eligibility Criteria: Permissible Credits: Transfer from another NRE / FCNR (B) account Transfer from another NRO account (subject to limit) Fresh remittance from overseas through banking channel Personal cheques drawn on foreign account Proceeds of Foreign Currency Notes / Travelers cheques tendered by NRI / PIO / OCI, while visiting India. Amounts in excess of USD 5000 (or equivalent) in currency or USD 10,000/- (or equivalent) in Travelers cheques should be accompanied by a Currency Declaration Form Types of FCNR (B) Account: Term Deposits (TDR) Special Term Deposits (STDR) Tenure of Deposits (TDR / STDR): Minimum period of 1 year Maximum period of 5 years Interest Rates: FOREIGNCURRENCY NON-RESIDENT DEPOSITS (FCNR(B)) (% P.A.) w.e.f. 01st July 2015 CURRENCY USD GBP EURO CAD AUD JPY PERIOD OF THE DEPOSIT RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD* RATE YIELD* 1 year to less than 2 years 1.26 1.29 1.49 1.53 0.83 0.85 1.85 1.9 2.88 2.99 0.9 0.92 2 years to less than 3 years 1.9 1.97 2.13 2.22 1.12 1.15 2.01 2.09 3.22 3.4 1.16 1.19 3 years to less than 4 years 2.26 2.39 2.39 2.53 1.24 1.29 2.13 2.24 3.35 3.61 1.19 1.23 4 years to less than 5 years 2.54 2.73 2.58 2.78 1.37 1.43 2.27 2.42 3.62 3.99 1.24 1.29 5 years 2.78 3 2.72 2.94 1.52 1.6 2.44 2.62 3.79 4.19 1.3 1.36 * Annualised yield at the end of the period. Premature withdrawals of FCNR (B) Deposits: No interest is payable, if the deposit is withdrawn before one year. If the deposit is withdrawn after completion of one year, the interest paid shall be 1.00 % below the rate applicable for the period deposit has remained with the Bank or 1.00 % below the contracted rate, whichever is lower. Premature Withdrawals: No interest is payable, if the deposit is withdrawn before one year If the deposit is withdrawn after completion of one year, the interest paid shall be 1.00% below the rate applicable for the period deposit has remained with the Bank or 1.00% below the contracted rate, whichever is lower FCNR (B) account opening form: Contact Details: State Bank of India Sansad Marg Police Colony, Connaught Place New Delhi, Delhi 110001 India Map Location: [MAP]State Bank of India Police Colony Connaught Place New Delhi[/MAP] Last edited by Shaleen; 10th August 2015 at 09:39 AM. |
#3
30th December 2015, 03:47 PM
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Re: FCNR State Bank of India
Hello buddy , I want to know information about Interest Rate of Foreign Currency Non-Resident Deposits of State Bank of India ?
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#4
30th December 2015, 03:47 PM
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Re: FCNR State Bank of India
Deposit is denominated in foreign currency and can be opened in USD, GBP, EURO, CAD, JPY, or AUD Deposit can be opened either individually or jointly with other NRIs / PIOs / OCIs Both principal and interest are payable in foreign currency. Hence, there is no exchange loss on principal and interest Account types permissible: Term Deposit Special Term Deposit Interest Rate : State Bank of India 1st Year 1.45% 2.00% 2nd Year 2.26% 3rd Year 2.45% 4th Year 2.59% |
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