SBI NRI Services - NRO Fixed Deposit Interest Rate

NRO TERM DEPOSITS With effect from 28th November, 2018*
Tenors Below Rs.1 Crore Rs.1 Crore & upto 10 Crores Above Rs.10 Crores

7 days to 45 days

5.75%

5.75%

5.75%

46 days to 179 days

6.25%

6.25%

6.25%

180 days to 210 days

6.35%

6.35%

6.35%

211 days to less than 1 year

6.40%

6.40%

6.40%

1 year to less than 2 years

6.80%

6.70%

6.70%

2 year to less than 3 years

6.80%

6.75%

6.75%

3 years and upto 5 years

6.80%

6.80%

6.80%

5 years and upto 10 years

6.85%

6.85%

6.85%

Premature withdrawal

  • No interest is payable if the deposit is withdrawn before 7 days.

Description Penalty (All Tenors)
Up to Rs.5.00 lacs 0.50%
Above Rs.5.00 lacs but below Rs.1 Crore 1%
  • The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.

  • No interest is payable if the deposit is withdrawn before 7 days.

  • On pre-mature withdrawal of the deposit (after completion of 7 days), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower.

  • No interest is payable if the deposit is withdrawn before 7 days.

  • On pre-mature withdrawal of the deposit (after completion of 7 days), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower.

*Rates are subject to change, without prior notice.