Disclaimer

This is to inform that by clicking on the link, you will be leaving our www.sc.com/in and entering a website operated by other parties:

Such links are only provided on our website for your convenience and Standard Chartered Bank does not control or endorse such websites, and is not responsible for their contents.

The use of such website is also subject to the terms of use and other terms and guidelines, if any, contained within each such website. In the event that any of the terms contained herein conflict with the terms of use or other terms and guidelines contained within any such website, then the terms of use and other terms and guidelines for such website shall prevail.

Thank you for visiting our www.sc.com/in

Proceed to third party website

Easily preserve your foreign currency funds.

Apply Now

Easily preserve your foreign currency funds.

Even when you return abroad maintain your funds in foreign currency

You can remit funds in any convertible currency; the funds will be converted to the above currencies based on your choice.

Features

Choose your interest

Receive options between simple interest and compound interest.

Read more
More

Important information

Rupee time deposits held in domestic, Non-Resident Ordinary (NRO) accounts:

Traditional term deposit:

For term deposit with tenor below 1 quarter (3 months) :

  • Interest is calculated on the basis of actual number of days considering the year as 365 days.

For term deposit with tenor greater than 1 quarter:

  • Interest for the quarter is calculated considering each quarter as 90 days and year as 360 days (90 days 4 quarters).
  • Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days.

Reinvestment term deposit:

  • Interest for each completed quarter is calculated considering each quarter as 90 days and year as 360 days (90 days 4 quarters).
  • Interest for the last quarter is calculated on the basis of actual number of days considering the year as 365 days.
  • Interest for each quarter is compounded.
  • This methodology is applicable for all resident and NRO deposits opened after 24th February, 2009.