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 Rates |
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FCNR(B) Deposit (Effective from 1st March 2010)
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| PERIOD |
USD |
GBP |
EUR |
AUD |
JPY |
CAD |
|
Existing |
Revi
sed |
Existing |
Revi
sed |
Existing |
Revi
sed |
Existing |
Revi
sed |
Existing |
Revi
sed |
Existing |
Revised |
| 1 YR<2 YRS |
1.85 |
1.84 |
2.26 |
2.30
|
2.20 |
2.20 |
6.21 |
6.05 |
1.68 |
1.68 |
2.26
|
2.25 |
| 2 YRS<3YRS |
2.16 |
2.08 |
2.75 |
2.57 |
2.68 |
2.45 |
6.02 |
5.99 |
1.48 |
1.49 |
2.36
|
2.37 |
| 3YRS <4YRS |
2.78 |
2.69 |
3.36 |
3.11 |
3.08 |
2.85 |
6.28 |
6.22 |
1.53 |
1.54 |
2.90
|
2.94 |
| 4YRS <5YRS |
3.29 |
3.20 |
3.81 |
3.58 |
3.37 |
3.18 |
6.57 |
6.50 |
1.62 |
1.62 |
3.31
|
3.36 |
| 5 YRS ONLY |
3.71 |
3.62 |
4.14 |
3.94 |
3.63 |
3.47 |
6.70 |
6.65 |
1.72 |
1.73 |
3.62
|
3.69 |
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RFC Deposit (Effective from 1st March 2010)
|
| PERIOD |
USD |
GBP |
EUR |
|
Existing |
Revised |
Existing |
Revised |
Existing |
Revised |
| SAVINGS |
1.17 |
1.17 |
1.51 |
1.53 |
1.29 |
1.28 |
| TERM DEPOSITS |
|
|
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| 6 MONTHS |
1.38 |
1.39 |
1.84 |
1.87 |
1.93 |
1.91 |
| 12 MONTHS |
1.85 |
1.84 |
2.26 |
2.30
|
2.20 |
2.20 |
| 2 YEARS |
2.16 |
2.08 |
2.75
|
2.57 |
2.68 |
2.45 |
| 3 YEARS |
2.78 |
2.69 |
3.36 |
3.11 |
3.08 |
2.85 |
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* The rates mentioned for Savings a/c. is only for reference purpose. No Savings a/c should be opened for RFC (returning NRIs). Secondly, RFC (Domestic) a/cs. are non-interest-bearing a/cs. hence, no Term Deposit should be opened for the same.
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NRE Term Deposit (Effective from 1st March 2010)
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| MATURITY PERIOD |
RATE OF INTEREST |
|
Existing |
Revised |
| 1 year < 2 years |
2.60 |
2.59 |
| 2 years < 3 years |
2.91 |
2.83 |
| 3 years and above |
3.53 |
3.44 |
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OBU Rates (Effective from 1st March 2010)
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| Period |
USD |
GBP |
EURO |
|
Existing |
Revised |
Existing |
Revised |
Existing |
Revised |
| 6 mths |
1.63 |
1.64 |
2.09 |
2.12 |
2.18 |
2.16 |
| 1 year |
2.10 |
2.09 |
2.51 |
2.55 |
2.45
|
2.45 |
| 2 years |
2.16 |
2.08 |
2.75 |
2.57 |
2.68 |
2.45 |
| 3 years |
2.78 |
2.69 |
3.36 |
3.11 |
3.08 |
2.85 |
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All other terms and conditions remain unchanged.
· Minimum deposit should be USD 5,000/- or equivalent.
· The rates of interest stated above will be applicable for all deposits accepted for the above maturities.
· There will be no reference to LIBOR / SWAP rates.
· The above rates of interest will be reviewed on a monthly basis.
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EEFC Rates (Effective from 1st October 2008)
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| Period |
USD |
GBP |
EURO |
|
Existing |
Revised |
Existing |
Revised |
Existing |
Revised |
| 1 month |
1.74 |
3.18 |
4.61 |
5.33 |
3.75 |
4.29 |
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* No interest rate has been fixed for the maturity of 3 months,6 months & 12 months, as the due date for the EEFC Term Deposits should be within 31.10.2008 in terms of RBI directives.
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