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    SBI NRE / NRO / NRI / FCNR FD Rates

    Institution Name
    Deposit Amount Range
    Tenure Range
    Interest Rate
    Up to ₹1Cr
    7 Days to 10 Years
    5.5% - 7.5% Quarterly compounding
    Response Time Within 30 minutes
    NRI - FD
    Up to ₹1Cr
    1 Year to 10 Years
    6.5% - 6.95% Quarterly compounding
    Response Time Within 30 minutes
    Fixed Deposit BYTES FROM OUR KITCHEN

    A government-owned corporation, the State Bank of India or SBI currently has over 14,000 branches across the country. The State Bank of India has over 150 branches across the world from Toronto and Frankfurt to Hong Kong and Los Angeles among others.

    State Bank of India Fixed Deposits for NRIs

    The SBI offers attractive fixed deposit schemes. By availing of the various fixed deposit schemes such as NRE, NRO and FCNR, customers can fulfil their need for a safe financial future without depleting their capital investments. SBI offers different rates of interest for deposits below Rs.1 crore and above Rs.1 crore.

    SBI NRE Fixed Deposit Interest Rates

    (with effect from October 5th, 2015)

    The following table displays the interest rates for Non Resident External Account (NRE) Fixed Deposits offered by SBI

    Tenure Below Rs.1 crore Above Rs.1 crore
    365 to 455 days 7.25% 7.25%
    2 to 3 years 7.5% 7.5%
    3 to 5 years 7% 7%
    5 to 10 years 7% 7%

    *Interest Rates are subject to change without notice. Please contact nearest bank branch for details

    The following table shows the interest rates applicable for premature withdrawal for NRE (Non Resident External Account) fixed deposits offered by SBI

    Below Rs.1 crore Above Rs.1 crore
    No interest in case the fixed deposit is withdrawn under one year. No interest in case the fixed deposit is withdrawn under one year
    Upon premature withdrawal after a period of one year, interest is paid for the period the amount or deposit has remained with SBI or penalty (contracted rate less) as listed below (whichever is lower)
    Deposits Penalty
    Prior to January 1st, 2012 1%
    From January 1st 2012 to April 9th, 2015 0.5%
    From April 10th 2015 1%

    *Interest Rates are subject to change without notice. Please contact nearest bank branch for details

    SBI NRO Fixed Deposit Interest Rates

    (with effect from October 5th, 2015)

    The following table displays the NRO Deposit Rates

    Tenure Below Rs.1 crore Above Rs.1 crore
    7 to 45 days 5.25% 5.25%
    61 days to 179 days 6.50% 6.50%
    211 days to less than 1 year 7.00% 7.00%
    1 year to 455 days 7.25% 7.25%
    3 years and up to 10 years 7.00% 7.00%

    *Interest Rates are subject to change without notice. Please contact nearest bank branch for details

    The following table shows the interest rates applicable on premature withdrawal of NRO deposits

    Below Rs.1 crore Above Rs.1 crore
    No interest is paid if the amount is withdrawn under one week No interest is paid if the amount is withdrawn under one week
    No penalty for up to Rs. 5 lakh, for premature withdrawal, if the deposit has remained with SBI for 7 days -
    Premature withdrawal

    The following table shows rates applicable on premature withdrawal

    Upon premature withdrawal after a period of one year, interest is paid for the period the amount or deposit has remained with SBI or penalty (contracted rate less) as listed below (whichever is lower)
    Deposits Penalty
    Before April 10th, 2015 0.5%
    From April 10th 2015 1%

    SBI FCNR Deposit Interest Rates

    The following table displays the FCNR deposit rates

    CURRENCY USD (RATE) USD (YIELD) EURO (RATE) EURO (YIELD) AUD (RATE) AUD (YIELD)
    1 year to less than 2 years 1.71 1.76 0.15 0.15 2.43 2.51
    2 years to less than 3 years 2.06 2.14 0.30 0.31 2.61 2.74
    3 years to less than 4 years 2.11 2.22 0.30 0.31 2.61 2.77
    4 years to less than 5 years 2.16 2.30 0.30 0.31 2.82 3.05
    5 years 2.21 2.36 0.40 0.41 2.84 3.07

    *Annualised yields

    *Interest Rates are subject to change without notice. Please contact nearest bank branch for details

    No interest is payable in case the deposit is withdrawn under one year. In case the deposit is withdrawn after a period of one year, interest will be paid at 1% below contracted rate or 1% below the applicable rate for the period the amount has remained with SBI (whichever is lower).

    Updated on 04 Dec 2016

    News About SBI Nri Fixed Deposit Rates

    • SBI FCNR Rate Change

      SBI recently updated its rates for FCNR deposits. The new rates have been effective since June 1st, 2016. Given below is a list of updated rates for FCNR deposits.

      The previous rate for FCNR deposits of tenure 1 year to 2 years was 1.55% whereas now, it is 1.65% in GBP.

      The previous rate for FCNR deposits for a tenure between 2 years to 3 years was 1.92% whereas now, it is 2.08% in GBP.

      The previous rate for FCNR deposits for a tenure between 3 years to 4 years was 2.04% whereas now, it is 2.20% in GBP.

      The previous rate for FCNR deposits for a tenure between 4 years to 5 years was 2.15% whereas now, it is 2.30% in GBP.

      The previous rate for FCNR deposits for a tenure of 5 years was 2.26% whereas now, it is 2.38% in GBP.

      1st July 2016

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