• Standard Chartered Bank NRI Fixed Deposits

    Standard Chartered Bank offers both Non-Resident External (NRE) and Non-Resident Ordinary (NRO) fixed deposits with attractive interest rates. The bank also offers FCNR (B) deposit options in various currencies.

    Key Standard Chartered Bank NRI FD rates

    • Maximum NRE Deposit rate: 5.60% p.a. for less than Rs.2 crore
    • Maximum NRO Term Deposit rate: 5.60% p.a. for less than Rs.2 crore
    • Maximum FCNR (B) FD rate:
      • US Dollar (USD): 0.01% p.a.
      • Pound Sterling (GBP): 0.01% p.a.
      • Euro (EUR): 0.01% p.a.
      • Canadian Dollar (CAD): 0.01% p.a.
      • Australian Dollar (AUD): 0.01% p.a.
      • Japanese Yen (JPY): 0.01% p.a.
    • Maximum RFC FD rate:
      • Australian Dollar (AUD): 0.01%
      • US Dollar (USD): 0.01%
      • Euro (EUR): 0.01%
      • Pound Sterling (GBP): 0.01%
      • Japanese Yen (JPY): 0.01%

    Standard Chartered Bank NRI Fixed Deposit Interest Rates

    The following are the interest rates for the various FD schemes for NRIs offered by Standard Chartered Bank:

    Standard Chartered Bank NRE FD Deposit Interest Rates: Up to Rs.7.5 Crore

    The NRE FD interest rates are as given below:

    Deposit Tenure Less than Rs.2 Crore Rs.2 crore to Rs.3 crore Rs.3 crore to Rs.4 cror Rs.4 crore to Rs.5 crore Rs.5 crore to Rs.6 crore Rs.6 crore to Rs.7.5 crore
    1 year to 375 days 5.30% 3.50% 3.50% 3.50% 2.50% 3.50%
    376 days to 390 days 5.20% 3.50% 3.50% 3.50% 2.50% 3.50%
    391 days to less than 18 Months 5.20% 3.50% 3.50% 3.50% 2.50% 3.50%
    18 months to less than 21 months 5.40% 3.50% 3.50% 3.50% 2.50% 3.50%
    21 months to less than 2 years 5.25% 3.50% 3.50% 3.50% 2.50% 3.50%
    2 years to less than 3 years 5.40% 3.50% 3.50% 3.50% 2.50% 3.50%
    3 years to less than 4 years 5.35% 3.50% 3.50% 3.50% 2.50% 3.50%
    4 years to less than 5 years 5.60% 3.50% 3.50% 3.50% 2.50% 3.50%

    *The NRE fixed deposit rates are changeable at the bank's discretion. These interest rates are valid from 10 May 2022

    Standard Chartered Bank NRO FD Deposit Interest Rates: Up to Rs.7.5 Crore

    The NRO fixed deposit interest rates are as given below:

    Deposit Tenure Less than Rs.2 Crore Rs.2 crore to Rs.3 crore Rs.3 crore to Rs.4 cror Rs.4 crore to Rs.5 crore Rs.5 crore to Rs.6 crore Rs.6 crore to Rs.7.5 crore
    7 days to 29 days 1.75% 2.25% 2.25% 2.25% 1.75% 2.25%
    30 days to 53 days 1.75% 1.75% 1.75% 1.75% 1.25% 1.75%
    54 days to 59 days 1.75% 2.75% 2.75% 2.75% 2.25% 2.75%
    60 days to 89 days 2.30% 2.75% 2.75% 2.75% 2.25% 2.75%
    90 days to 120 days 3.50% 3.25% 3.25% 3.25% 2.50% 3.25%
    121 days to 149 days 3.25% 3.25% 3.25% 3.25% 2.50% 3.25%
    150 days to 180 days 3.25% 3.50% 3.50% 3.50% 2.50% 3.50%
    181 days to 210 days 4.40% 3.50% 3.50% 3.50% 2.50% 3.50%
    211 days to 364 days 4.60% 3.50% 3.50% 3.50% 2.50% 3.50%
    1 year to 375 days 5.30% 3.50% 3.50% 3.50% 2.50% 3.50%
    376 days to 390 days 5.20% 3.50% 3.50% 3.50% 2.50% 3.50%
    391 days to less than 18 months 5.20% 3.50% 3.50% 3.50% 2.50% 3.50%
    18 months to less than 21 months 5.40% 3.50% 3.50% 3.50% 2.50% 3.50%
    21 months to less than 2 years 5.25% 3.50% 3.50% 3.50% 2.50% 3.50%
    2 years to less than 3 years 5.40% 3.50% 3.50% 3.50% 2.50% 3.50%
    3 years to less than 4 years 5.35% 3.50% 3.50% 3.50% 2.50% 3.50%
    4 years to less than 5 years 5.60% 3.50% 3.50% 3.50% 2.50% 3.50%

    *The NRE fixed deposit rates are changeable at the bank's discretion. These interest rates are effective from 10 May 2022

    Standard Chartered Bank FCNR (B) Deposit Interest Rates

    The FCNR (B) deposit interest rates are as given below:

    Period USD GBP EUR CAD AUD JPY
    1 year to less than 375 days 0.10% 0.01% 0.01% 0.01% 0.01% 0.01%
    375 days 0.10% 0.01% 0.01% 0.01% 0.01% NA
    376 days to less than 1.5 years 0.01% 0.01% 0.01% 0.01% 0.01% NA
    1.5 years to less than 2 years 0.01% 0.01% 0.01% NA NA NA
    2 years to less than 740 days 0.01% 0.01% 0.01% NA NA NA

    *The Standard Chartered Bank FCNR (B) FD rates are changeable at the bank's discretion. The interest rates given here are effective from 10 May 2022.

    Standard Chartered Bank RFC Deposit Interest Rates

    The RFC deposit interest rates are as given below:

    Currency Interest Rate
    AUD 0.01%
    US 0.01%
    EUR 0.01%
    GBP 0.01%
    JPY 0.01%

    FAQs on Standard Chartered Bank NRI Fixed Deposits

    1. Does Standard Chartered Bank offer the auto-renewal facility on its NRI Fixed Deposits?

      Yes, Standard Chartered Bank offers the auto-renewal facility on its NRI Fixed Deposits.

    2. Can I avail a loan against the money that is available in the NRI Fixed Deposit account?

      Yes, you can avail a loan against the money that is available in the NRI Fixed Deposit account.

    3. What kind of currency is the NRI Fixed Deposit account maintained in?

      Maintenance of the NRI Fixed Deposit is done in Indian rupees.

    4. Are the interest and principal freely repatriable?

      Yes, the interest and principal are freely repatriable.

    5. Do I have to pay any tax on the interest that is earned on an NRI Fixed Deposit?

      No, you do not have to pay any tax on the interest that is earned on an NRI Fixed Deposit.

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