SBI NRI Services - RFC Interest Rate

RESIDENT FOREIGN CURRENCY ACCOUNT (% P.A.) w.e.f. 01.11.2018
PERIOD USD GBP EURO

1 year to less than 2 years

3.63

1.43

0.01

2 years to less than 3 years

3.55

1.62

0.01

3 years

3.58

1.72

0.01


* Rates are subject to change, without prior notice.
* Annualised yield calculated on the maximum period under the respective period bucket.
* For 1 year’s RFC deposit, simple Interest is applicable.
* For RFC deposit above 1 year, Interest is compounded at half yearly frequency.
Premature withdrawals of RFC Account:
  • No interest is payable, if the deposit is withdrawn before one year.

  • If the deposit is withdrawn after completion of one year, the interest paid shall be 1.00 % below the rate applicable for the period deposit has remained with the Bank or 1.00 % below the contracted rate, whichever is lower.

  • Above interest will be paid at the rate available on the date of deposit.