NRE Deposit
Interest rates effective 1st April 2014.
Rates valid for 24th April 2014.
NRE (Interest rates are per annum)*
Tenor INR < 1Cr INR 1Cr < INR 2Cr
1yr - 375 days 9.00% 7.00%
376 - 390 days 9.00% 7.00%
391 - < 18 Months 7.25% 7.00%
18M - 2 Yrs 7.25% 7.00%
2 Yrs - 3 Yrs 7.25% 7.00%
3 Yrs - <3 Yrs 3 mth 7.25% 7.00%
3 Yrs 3 mth - 4 Yrs 7.25% 7.00%
4 Yrs - 5 Yrs 7.25% 7.00%
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No interest is payable if NRE Fixed Deposit is withdrawn before completion of 12 months.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.
Domestic & NRO Rates
Interest rates effective 1st April 2014.
Rates valid for 24th April 2014.
Domestic/NRO (Interest rates are per annum)*
Tenor INR < 1Cr INR 1Cr < INR 2Cr
7 - 9 days 4.25% 6.50%
10 - 14 days 4.25% 6.75%
15 - 17 days 4.75% 6.50%
18 - 20 days 4.75% 6.50%
21 - 23 days 4.75% 6.50%
24 - 26 days 4.75% 6.50%
27 - 29 days 4.75% 6.50%
30 - 32 days 5.25% 6.50%
33 - 35 days 5.25% 6.50%
36 - 38 days 5.25% 6.50%
39 - 41 days 5.25% 6.50%
42 - 44 days 5.25% 6.50%
45 - 47 days 6.00% 6.50%
48 - 50 days 6.00% 6.50%
51 - 53 days 6.00% 6.50%
54 - 56 days 6.00% 6.50%
57 - 59 days 6.00% 6.50%
60 - 74 days 7.25% 6.75%
75 - 89 days 7.25% 7.00%
90 - 104 days 7.25% 7.00%
105 - 120 days 7.25% 7.00%
121 - 149 days 8.00% 7.00%
150 - 180 days 8.00% 7.00%
181 - 210 days 8.25% 7.00%
211 - 226 days 8.25% 7.00%
227 - 269 days 8.25% 7.00%
270 days - 345 days 8.50% 7.00%
346 days - 364 days 8.50% 7.00%
1yr - 375 days* 9.00% 7.00%
376 - 390 days* 9.00% 7.00%
391 - < 18 months 7.25% 7.00%
18M - 2 Yrs 7.25% 7.00%
2 Yrs - 3 Yrs 7.25% 7.00%
3 Yrs - 4 Yrs 7.25% 7.00%
4 Yrs - 5 Yrs 7.25% 7.00%
*Please note that due to some technical issues, staff rates will temporarily not be available on term deposits opened on Online Banking, please call Phone Banking to book a TD at staff rates.
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.

 

FCNR Deposit
Interest Rates
FCNR (B) Deposits rates w.e.f. April 01st, 2014
*Subject to applicable rules and regulations
Deposit Period Current Rate
w.e.f 01 03 2014
Current Rate
w.e.f 01 03 2014
Recommended rate
w.e.f 01 04 2014
Recommended rate
w.e.f 01 04 2014
Currency: USD < USD 100,000 >=USD 100,000 < USD 100,000 >=USD 100,000
1 year - < 375 days 2.55 1.80 2.55 1.80
375 D 1.80 1.80 1.80 1.80
376 D - < 1.5 years 1.80 1.80 1.80 1.80
1.5 years - < 2 years 0.55 0.55 0.55 0.55
2 years - < 740 D 0.46 0.46 0.58 0.58
740 D 0.46 0.46 0.58 0.58
741 D - < 3 years 0.46 0.46 0.58 0.58
36 Months - < 37 Months 0.10 0.10 0.10 0.10
37 Months - < 38 Months 0.10 0.10 0.10 0.10
38 Months - < 39 Months 0.10 0.10 0.10 0.10
> 39 Months 0.10 0.10 0.10 0.10
 
Deposit Period Current Rate
w.e.f 01 03 2014
Current Rate
w.e.f 01 03 2014
Recommended rate
w.e.f 01 04 2014
Recommended rate
w.e.f 01 04 2014
Currency: GBP < GBP 100,000 >= GBP 100,000 < GBP 100,000 >=GBP 100,000
1 year < 375 days 2.14 2.14 2.16 2.16
375 D 2.14 2.14 2.16 2.16
376 D < 1.5 years 2.14 2.14 2.16 2.16
1.5 years < 2 years 0.89 0.89 0.91 0.91
2 years 1.36 1.36 1.48 1.48
 
Deposit Period Current Rate
w.e.f 01 03 2014
Current Rate
w.e.f 01 03 2014
Recommended rate
w.e.f 01 04 2014
Recommended rate
w.e.f 01 04 2014
Currency: EUR < EUR 100,000 >=EUR 100,000 < EUR 100,000 >=EUR 100,000
1 year - < 375 days 1.01 1.01 1.04 1.04
375 D 1.01 1.01 1.04 1.04
376 days - < 1.5 years 1.01 1.01 1.04 1.04
1.5 years < 2 years 0.51 0.51 0.54 0.54
2 years 0.47 0.47 0.49 0.49
 
Deposit Period Current Rate
w.e.f 01 03 2014
Current Rate
w.e.f 01 03 2014
Recommended rate
w.e.f 01 04 2014
Recommended rate
w.e.f 01 04 2014
Currency: CAD < CAD 100,000 >= CAD100,000 < CAD 100,000 >=CAD 100,000
1 year - < 1.5 years 2.70 2.70 2.72 2.72
 
Deposit Period Current Rate
w.e.f 01 03 2014
Current Rate
w.e.f 01 03 2014
Recommended rate
w.e.f 01 04 2014
Recommended rate
w.e.f 01 04 2014
Currency: AUD < AUD 100,000 >= AUD 100,000 < AUD 100,000 >=AUD 100,000
1 year - < 1.5 Years 3.89 3.89 3.96 3.96
 
Deposit Period Current Rate
w.e.f 01 03 2014
Current Rate
w.e.f 01 03 2014
Recommended rate
w.e.f 01 04 2014
Recommended rate
w.e.f 01 04 2014
Currency: JPY <JPY 100,000 >= JPY 100,000 < JPY 100,000 >=JPY 100,000
1 year - 370 days 1.60 1.60 1.59 1.59
*Special tenors
    Note

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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