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Interest Rates

Interest Rates

Interest Rates

The current interest rates of NRI Deposit Schemes and NRI Home Loans are:

FOREIGN CURRENCY NON-RESIDENT DEPOSITS (FCNR) w.e.f. 05.05.2012 % p.a.

  USD EURO GBP CAN$ AUD JYEN
PERIOD OF THE DEPOSIT RATE YIELD RATE YIELD RATE YIELD RATE YIELD RATE YIELD RATE YIELD
1 year+ < 2 years 3.05
 3.0500 3.30 3.3000 3.86 3.8600 4.05 4.0500 6.95 6.9500 2.55 2.5500
2 years+ < 3 years 2.56
 2.6096 2.95 3.0159 3.38 3.4667 3.69 3.7934 5.70 5.9483 2.35 2.3917
3 years+ < 4 years 3.67 3.8425 4.07 4.2828 4.47 4.7273 4.81 5.1086 6.76 7.3576 3.36 3.5043
4 years+ < 5 years 3.88 4.1539 4.25 4.5799 4.58 4.9644 4.92 5.3651 6.99 7.9075 3.38 3.5868
5 years only 4.11 4.5117 4.45 4.9230 4.70 5.2295 5.03 5.6392 7.09 8.3349 3.43 3.7072

**NON-RESIDENT EXTERNAL RUPEE TERM DEPOSIT (NRE TD), (w.e.f. 24.04.2012)

PERIOD % Rate per annum
1 year to less than 3 years ( Below Rs.15 lacs ) 9.00
3 years and upto 10 years 8.75
1 year to 10 years (Rs. 15 lacs and above ) 9.00

NRO*/RESIDENT DOMESTIC DEPOSIT (Revised 24.04.2012)

PERIOD % p.a Single deposit of Rs. 15
lac to less than Rs 1 crore		 Rs. 1 crore & above
//
7 days to 180 days 7.25 8.00
 8.00
181 days to less than 1 year 7.50 8.00 8.00
1 Year to less than 3years 9.00 9.00 9.00
3 Years and upto 10 years 8.75 9.00 9.00

NRE / NRO SAVINGS ACCOUNT RATE (w.e.f 03.05.2011)

Account type Rate
NRE 4%
NRO 4%

RATE OF INTERSET ON NRI HOME LOANS IN INDIA

Amount of Loan (Rs.) Effective Rate (as on 01.10.2011)
Under 30 lacs 10.75%
30 lacs to 75 lacs 11.00%
75 lacs and above 11.25%
*Tax at 30.9% is deducted on Interest paid on NRO Deposits.
*Submit copy of PAN issued by Income tax Dep., India for all NRO accounts.
*Rates are subject to change without notice.
*The revised interest rates are applicable only on fresh deposits and renewals of maturing deposits.
**No interest is payable if the deposit is withdrawn before one year. In other cases of premature withdrawal, the interest paid shall be 0.5% below the rate applicable for the period deposit has remained with the Bank or 0.5% below the contracted rate, whichever is lower.
**These instructions for premature withdrawal will apply only to fresh deposits and renewed maturing deposits.

For details of interest rates on deposits and loans, please visit our corporate website www.sbi.co.in.