#1
April 8th, 2017, 04:55 PM
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SBI FCNR Rates
Hello sir, is there any one can provide me here Foreign Currency Non-Resident rates of state bank of India?
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#2
April 9th, 2017, 08:54 AM
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Re: SBI FCNR Rates
The State bank of India is provides detail of Foreign Currency Non-Resident account. The Deposit is denominated in foreign currency and can be opened in USD, GBP, EURO, CAD, JPY, or AUD. Deposit can be opened either individually or jointly with other NRIs / PIOs / OCIs Both principal and interest are payable in foreign currency. There is no exchange loss on principal and interest Account types permissible: Term Deposit Special Term Deposit Foreign Currency Non-Resident Deposits (FCNR) Foreign Currency Non-Resident Deposits (FCNR(B)) (% P.A.) w.e.f. 01.03.2017 CURRENCY USD GBP EURO CAD AUD JPY Period Of The Deposit Rate Yield Rate Yield Rate Yield Rate Yield Rate Yield Rate Yield 1 year to less than 2 years 2.08 2.14 1.16 1.19 0.15 0.15 1.94 2.00 2.59 2.68 0.05 0.05 2 years to less than 3 years 2.57 2.69 1.58 1.63 0.30 0.31 2.11 2.20 2.94 3.09 0.05 0.05 3 years to less than 4 years 2.73 2.91 1.64 1.71 0.30 0.31 2.23 2.35 3.10 3.32 0.05 0.05 4 years to less than 5 years 2.87 3.11 1.72 1.81 0.30 0.31 2.34 2.50 3.45 3.79 0.05 0.05 5 years only 3.00 3.26 1.79 1.89 0.40 0.41 2.44 2.62 3.57 3.93 0.05 0.05 FCNB Premium Account FCNR (B) deposit tenor: 1 year and up to 5 years Forward contract tenor: 1 year and up to 5 years Minimum deposit: For tenor of 1 year: USD 2000, GBP 2000, EUR 2000, CAD 2000, AUD 2000, or JPY 200,000 For tenor of above 1 year and up to 5 years: USD 2,50,000 or equivalent |
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