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Home > Interest Rates on NRE, FCNR,RFC schemes
 

 

Listed below are the interest rates offered by us on deposits under NRE, FCNR, RFC schemes.

 
NRE Deposit scheme-Savings Bank Account
NRE Savings Bank account
Rate of Interest - 3.50%
(wef18/11/2005)

  NRE Term / Reinvestment Deposit account

  NRE Term / Reinvestment Deposit account
Period of Deposit
Rate of Interest
(wef 01/09/2010)
1 year and above but less than 2 years
2.59%
2 years and above but less than 3 years
2.42%
3 years and above, upto 5 years
2.70%

  FCNR (B) Deposit Scheme
Period of Deposit
Rate of Interest
(wef 01/09/2010)
USD
GBP
EURO
1 year and above but less than 2 years
1.84%
2.46%
2.39%
2 years and above but less than 3 years
1.67%
2.23%
2.26%
3 years and above but less than 4 years
1.95%
2.51%
2.39%
4 years and above but less than 5 years
2.27%
2.79%
2.56%
5 years only
2.57%
3.04%
2.73%

  RFC Deposit Scheme
Nature of Account
Rate of Interest
(wef 01/09/2010)
USD
GBP
EURO
Current Account
NO INTEREST
Savings Bank Account
0.75%
2.50%
1.25%
Term Deposits
3 months and above less than 6 months
1.30%
1.73%
1.83%
6 months and above less than 1 year
1.50%
2.02%
2.11%
1 year & above but less than 2 years
1.84%
2.46%
2.39%
2 years & above but less than 3 years
1.67%
2.23%
2.26%
3 years & above but less than 4 years
1.95%
2.51%
2.39%
4 years & above but less than 5 years
2.27%
2.79%
2.56%
5 years only
2.57%
3.04%
2.73%

   
 
 

Note: All these interest rates are subject to change without notice. The revised interest rates are applicable only on fresh deposits & renewal of maturing deposits.
   
  For more particulars, please contact

Chief Manager
International Banking Department, Head Office,
Bangalore - 560 009
Tel: 91 80 22353901 to 22353909 ; 22353473.Extn 379;22353456
Telex: 845 - 8362 Fax: 91 80 22283684
Email: cmibd@sbm.co.in

 

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