I will tell you interest rates of Foreign Currency Non-Resident Deposits (FCNR) fixed by State Bank of India so that you can check it easily.

Here is the interest rates

CURRENCY
USD GBP EURO CAD AUD JPY
PERIOD OF THE DEPOSIT
1 year to less than 2 years
1.62 1.66 1.11 1.14 0.15 0.15 1.70 1.75 2.55 2.64 0.05 0.05

2 years to less than 3 years
1.94 2.02 1.49 1.54 0.30 0.31 1.97 2.05 2.76 2.90 0.05 0.05

3 years to less than 4 years
2.00 2.10 1.50 1.56 0.30 0.31 1.98 2.08 2.76 2.94 0.05 0.05

4 years to less than 5 years
2.07 2.20 1.53 1.61 0.30 0.31 1.99 2.11 2.92 3.17 0.05 0.05

5 years 2.13
2.27 1.57 1.65 0.40 0.41 2.02 2.15 2.95 3.20 0.05 0.05

Types of FCNR (B) Account :
Term Deposits (TDR) -

Special Term Deposits (STDR) -

Procedure o open FCNR account
Through Internet Banking (INB): By the way of debiting NRE or NRO account, as per following procedure:

Please login to your INB account
Click on ‘e-Services’ tab
Click on ‘NRI Services’ on left hand side column
Click on ‘Inward Remittance Disposal Request’
Please select / enter request details and click on Submit

By sending fresh remittance from overseas:
If you are sending fresh remittance from your overseas account for purpose of creating FCNR (B) deposit, then please mention the following message in the remittance message section along with the required details of creation of deposit:

Please create FCNR (B) deposit as per following details:

Please mention the currency in which deposit has to be created (USD / GBP / EURO / CAD / AUD / JPY)

Please mention the amount of deposit to be created

Please mention the tenor of deposit to be created


Address:-
State Bank of India
3rd Floor, G Block, Synergy Buidling, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
+(91)-80-26599990
18004253800,1800112211