SBI NRI Services - FCNR Deposit Interest Rate - Interest Rates

FCNR Deposit Interest Rate 

• Rates are subject to change, without prior notice.
• Annualised yield calculated on the maximum period under the respective period bucket.
• For 1 year’s FCNR (B) deposit, simple Interest is applicable.
• For FCNR (B) deposit above 1 year, Interest is compounded at half yearly frequency.

Premature withdrawals of FCNR (B) Deposits :

• No interest is payable, if the deposit is withdrawn before one year.
• No premature penalty for the deposit withdrawn after completion of one year. However, interest shall be paid 
  • at the contracted rate. OR
  • at the rate prevailing at the time of opening of related FCNR(B) deposit account for the period deposit has remained with the Bank. OR
  • at present interest rate for the period deposit has remained with the Bank. (Whichever is lowest)