NRE

Tenor band INR < 1 Cr INR 1 Cr < 2 Cr
1yr - 375days 7.25% 5.25%
376 -390 days 7.25% 7.25%
391 - < 18 Months 7.00% 5.25%
18M - 2 Yrs 7.00% 5.25%
2 Yrs- 3 Yrs 7.00% 5.25%
3 Yrs - 4 Yrs 7.00% 5.25%
4 Yrs - 5 Yrs 7.00% 5.25%


  • Staff rates not applicable on NRE Term Deposits.

  • No interest is payable if NRE Fixed Deposit is withdrawn before completion of 12 months.

  • The interest rates are updated on a daily basis. 

  • In case of non-updation of today's interest rate, please revisit later to check the updated rates.

  • Important Information: Premature withdrawal of the Term Deposit shall be subject to penalty of 1% on the interest rate payable for the tenor the deposit has been held with the bank. In the event of the death of the depositor, premature termination of Term Deposits will be allowed subject to completion of documentary formalities as required. Such premature withdrawal would not attract any penal charges. There is no interest payment in case of premature withdrawal of the NRE/FCNR Term Deposit before the completion of the minimum tenor (1 year). In the case of premature withdrawal of NRE term deposits for conversion into Resident Foreign Currency (RFC) Account, the bank would not levy any penalty for premature withdrawal.



DOMESTIC / NRO (Interest rates are per annum)

02-Dec-16 INR < 1 Cr INR 1cr - < 2cr
Interest Rate Senior Citizen Rate (only for resident)**
7-9 days 4.25% 5.25% 4.50%
10-14 days 4.25% 5.25% 4.50%
15 -17days 4.75% 5.25% 4.50%
18-20days 4.75% 5.25% 4.75%
21-23days 4.75% 5.25% 4.75%
24-26 days 4.75% 5.25% 4.75%
27-29days 4.75% 5.25% 4.75%
30-32 days 5.25% 5.75% 4.75%
33-35 days 5.25% 5.75% 5.00%
36-38 days 5.25% 5.75% 5.00%
39-41 days 5.25% 5.75% 5.00%
42-44 days 5.25% 5.75% 5.00%
45 -47 days 6.00% 6.50% 5.00%
48-50 days 6.00% 6.50% 5.00%
51-53 days 6.00% 6.50% 5.00%
54-56 days 6.00% 6.50% 5.00%
57-59 days 6.00% 6.50% 5.00%
60-74 days 6.25% 6.75% 5.25%
75-89 days 6.25% 6.75% 5.25%
90 -104 days 6.50% 7.00% 5.00%
105-120 days 6.50% 7.00% 5.00%
121 -149 days 6.50% 7.00% 5.00%
150-164 days 6.50% 7.00% 5.25%
165-180 days 6.50% 7.00% 5.25%
181-210 days 7.00% 7.50% 5.25%
211-226 days 7.00% 7.50% 5.25%
227 - 269 days 7.00% 7.50% 5.25%
270 days-345 days 7.00% 7.50% 5.25%
346 days-364 days 7.00% 7.50% 5.25%
1yr - 375days* 7.25% 7.75% 5.25%
376 -390 days* 7.25% 7.75% 7.25%
391 - < 18 Months 7.00% 7.50% 5.25%
18M - 2 Yrs 7.00% 7.50% 5.25%
2 Yrs- 3 Yrs 7.00% 7.50% 5.25%
3 Yrs - 4 Yrs 7.00% 7.50% 5.25%
4 Yrs - 5Yrs 7.00% 7.50% 5.25%


  • *Staff rate is not applicable.

  • **Senior Citizen rate is not applicable on Term Deposits booked through Online Banking. Staff rate is not applicable in case of deposits with Senior citizen rate.

  • Deposits less than INR 1 Cr can also be booked online.Please contact your Relationship Manager or nearest SCB Branch for deposits greater than or equal to INR 1 Cr.


  • The interest rates are updated on a daily basis. In case of non-updation of today's interest rate, please revisit later to check the updated rates.


Important Information: Premature withdrawal of the Term Deposit shall be subject to penalty of 1% on the interest rate payable for the tenor the deposit has been held with the bank. In the event of the death of the depositor, premature termination of Term Deposits will be allowed subject to completion of documentary formalities as required. Such premature withdrawal would not attract any penal charges. There is no interest payment in case of premature withdrawal of the NRE/FCNR Term Deposit before the completion of the minimum tenor (1 year). In the case of premature withdrawal of NRE term deposits for conversion into Resident Foreign Currency (RFC) Account, the bank would not levy any penalty for premature withdrawal.


FCNR Carded rates

Deposit Period Rate w.e.f  Rate w.e.f 
1st Dec 2016 1st Dec 2016
Currency: USD < USD 100,000 >= USD 100,000
1 year - < 375 days 1.65 1.65
375 D 1.65 1.65
376 D - < 1.5 years 1.11 1.11
1.5 years - < 2 years 0.01 0.01
2 years - <  740 D 0.01 0.01
740 D 0.01 0.01
741 D - < 3 years 0.01 0.01
36 - <39 Months 0.01 0.01
Currency : GBP
1 year < 375 days 0.9 0.9
375 D 0.9 0.9
376 D < 1.5 years 0.45 0.45
1.5 years < 2 years 0.01 0.01
2 years 0.01 0.01
Currency: EUR
1 year - < 375 days 0.01 0.01
375 D 0.01 0.01
376 days - < 1.5 years 0.01 0.01
1.5 years < 2 years 0.01 0.01
2 years 0.01 0.01
Currency: CAD
1 year 1.07 1.07
366D < 390D 1.07 1.07
391D < 1.5 years 1.07 1.07
Currency: AUD
1 year 2.83 2.83
366D < 390D 2.83 2.83
391D < 1.5 years 1.83 1.83
Currency: JPY
1 year 0.4 0.4

In case of USD FCNR B deposits booked for tenure 3 years and above 



  • The minimum lock-in period for the deposit will be one year. Premature withdrawal will be allowed after one year.

  • In case of premature withdrawal of the deposit, interest will be payable at the rate applicable (at the time of booking of deposit ) for the tenor for which the deposit has been held with the bank.

  • In the event of premature withdrawal of the Deposit, the Bank shall recover penalty from the Depositor for all amounts equal to the total losses or costs incurred by the Bank (including, without limitation, any loss or cost incurred as a result of the Bank terminating, liquidating, obtaining or re-establishing any hedge or related position in connection with this Deposit) that are or would be incurred under then prevailing circumstances. The Bank shall be entitled to set-off such losses and costs incurred by the Bank against the Deposit and interest payable thereon. It is hereby clarified that such recovery and set-off by the Bank may not fully safeguard the principal amount of the Deposit.


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