Hdfc bank nre deposit rates12/7/2023 The principal is increased to include the interest earned during the previous 180 days. The interest on FCNR deposits is compounded at intervals of 180 days each and thereafter for the remaining actual number of days. No interest will be paid if the FCNR Deposit is prematurely withdrawn within 1 year of deposit creation. While the rate is 2.5% on 5 years tenure. In USD deposits, the bank is providing a 3.5% rate on maturity period from 1 year to less than 5 years. IDFC First Bank raised interest rates on FCNR deposits above 1 million. The rate is the same for 1 year 1 day to less than 2 years tenure. Above USD 350,000 deposits, the rate is 3.35% on 12 months to 24 months tenure, while remaining tenures have 2.50%.įrom July 9, HDFC Bank is offering 2% on FNCR deposits from USD 1 million to USD 20 million on 1-year tenure. ICICI offers a 2.5% rate on FCNR deposits below USD 350,000 on tenures above 12 months to 60 months. The new rates have come into effect from July 11, 2022. Meanwhile, ICICI Bank has revised its interest rates on FNCR for currencies like USD, GBP, CAD, AUD, SGD, and HKD.
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