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11th November 2016, 01:25 PM
Super Moderator
 
Join Date: Aug 2012
Re: State Bank Of India FCNR Fixed Deposit Interest Rates

Well below I have given you the Foreign Currency Non-Resident Deposits FCNR fixed deposit interest rates for the State Bank Of India so you can have a look


Foreign Currency Non-Resident Deposits (FCNR(B)) (% P.A.)
w.e.f. 01st October, 2016

Rates are subject to change, without prior notice.

Annualised yield at the end of the period.


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 1.70 1.75 1.08 1.10 0.15 0.15 1.87 1.92
2.47 2.55 0.05 0.05

2 years to less than 3 years 2.01 2.09 1.44 1.49 0.30 0.31 1.86 1.93
2.66 2.79 0.05 0.05

3 years to less than 4 years 2.06 2.17 1.44 1.50 0.30 0.31 1.88 1.97
2.67 2.84 0.05 0.05



4 years to less than 5 years 2.11 2.25 1.46 1.53 0.30 0.31 1.90 2.01
2.88 3.12 0.05 0.05

5 years 2.16 2.30 1.49 1.56 0.40 0.41 1.92 2.03 2.91 3.15 0.05
0.05


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No interest is payable, if the deposit is withdrawn before one year.

If the deposit is withdrawn after completion of one year, the interest paid shall be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.


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