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Old 28th December 2017, 01:44 PM
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Join Date: Aug 2012
Default Re: Standard Chartered Bank India FCNR Deposit Rates

On your concern I will let you know Standard Chartered Bank, India FCNR (B) Term Deposits account details and interest rates.

Features
Maintain a FCNR (B) deposit in the following currencies USD, GBP, EUR, AUD, CAD, JPY
Tenure of 1 to 3 years
Tax free income earned on this account
Freely repatriable Interest and Principal
Auto renewal facility
Overdraft facility available against deposit
Initial funding: Remittance from abroad and transfer from existing NRE and FCNR Accounts

Here are interest rates of FCNR (B) Deposits rates w.e.f. February 01, 2013

Deposit Period Current Rate (Jan) Current Rate (Jan)
Currency: USD < USD 100,000 > USD 100,000
1 year < 375 days 2.84 2.09
375 D 2.09 2.09
376 D < 1.5 years 2.09 2.09
1.5 years < 2 years 0.84 0.84
2 years < 740 D 0.40 0.40
740 D 0.40 0.40
741 D < 3 years 0.40 0.40
3 years 0.48 0.48

Currency: Current Current Recomm. rate Recom. rate
GBP Rate(Jan) Rate(Jan) w.e.f 01 02 2013 w.e.f 01 02 2013
1 year < 375 days 2.26 2.26 2.23 2.23
375 D 2.26 2.26 2.23 2.23
376 D < 1.5 years 2.26 2.26 2.23 2.23
1.5 years < 2 years 1.01 1.01 0.98 0.98
2 years 0.72 0.72 0.76 0.76
740 D 0.00 0.00 0.00 0.00
741 D < 3 years 0.00 0.00 0.00 0.00

Address:-
Standard Chartered Bank
1 Basinghall Avenue
London, EC2V 5DD
United Kingdom

Phone:-
+44 (0)20 7885 8888
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