Standard Chartered India FCNR

What is interest rate providing by Standard Chartered Bank India for FCNR Deposits? My father wants to know about interest rate and features of FCNR Deposit of Standard Chartered Bank India, So please provide required information?

As you are searching for Interest rate and features of FCNR Deposits of Standard Chartered Bank India, so here I am giving complete details as you want:

Standard Chartered Bank India FCNR Deposit Features
Maintain a FCNR (B) deposit in the following currencies USD, GBP, EUR, AUD, CAD, JPY
Tenure of 1 to 3 years*
Freely repatriable Interest and Principal
Auto renewal facility
Tax free income earned on this account
Overdraft facility available against deposit
Initial funding: Remittance from abroad and transfer from existing NRE and FCNR Accounts

Standard Chartered Bank India FCNR Deposit Interest Rates
FCNR (B) Deposits rates w.e.f. February 01, 2013
*Subject to applicable rules and regulations

Deposit Current Current Recommended Recommended
Period Rate(Jan) Rate (Jan) rate w.e.f 01 02 2013 rate w.e.f 01 02 2013

Currency: USD < USD 100,000 > USD 100,000 < USD 100,000 >USD 100,000
1 year < 375 days 2.84 2.09 2.78 2.03
375 D 2.09 2.09 2.03 2.03
376 D < 1.5 years 2.09 2.09 2.03 2.03
1.5 years < 2 years 0.84 0.84 0.78 0.78
2 years < 740 D 0.40 0.40 0.42 0.42
740 D 0.40 0.40 0.42 0.42
741 D < 3 years 0.40 0.40 0.42 0.42
3 years 0.48 0.48 0.56 0.56

Currency: Current Current Recomm. rate Recom. rate
GBP Rate(Jan) Rate(Jan) w.e.f 01 02 2013 w.e.f 01 02 2013
1 year < 375 days 2.26 2.26 2.23 2.23
375 D 2.26 2.26 2.23 2.23
376 D < 1.5 years 2.26 2.26 2.23 2.23
1.5 years < 2 years 1.01 1.01 0.98 0.98
2 years 0.72 0.72 0.76 0.76
740 D 0.00 0.00 0.00 0.00
741 D < 3 years 0.00 0.00 0.00 0.00

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Answered By StudyChaCha Member