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.
The following are the interest rates for the various FD schemes for NRIs offered by Standard Chartered Bank:
The NRE FD interest rates are as given below:
Tenure | INR < 2 Cr | INR 2cr -<3cr | INR 3cr – < 4 cr | INR 4 cr – < 5 cr | INR 5cr – < 6 cr | INR 6 cr – < 7.50 cr |
1yr – 375days | 7.50% | 7.50% | 6.00% | 6.00% | 5.00% | 8.10% |
376 -390 days | 7.25% | 7.25% | 5.60% | 5.60% | 3.50% | 5.60% |
391 days < 18 Months | 7.20% | 7.20% | 6.00% | 6.00% | 3.50% | 6.00% |
18M < 21 M | 7.20% | 7.20% | 6.00% | 6.00% | 3.50% | 6.00% |
21M < 2 Yrs | 7.20% | 7.20% | 6.00% | 6.00% | 3.50% | 6.00% |
2 Yrs < 3 Yrs | 7.20% | 7.20% | 6.00% | 6.00% | 3.50% | 6.00% |
3 Yrs < 4 Yrs | 7.10% | 7.10% | 6.00% | 6.00% | 3.50% | 6.00% |
4 Yrs < 5 Yrs | 6.75% | 6.75% | 6.00% | 6.00% | 3.50% | 6.00% |
5 Yrs | 6.75% | 6.75% | 6.00% | 6.00% | 3.50% | 6.00% |
*The NRE fixed deposit rates are changeable at the bank's discretion. These interest rates are valid from updated on 31 January 2025.
The NRO fixed deposit interest rates are as given below:
Tenure | INR < 2 Cr | INR 2 Cr - < 3 Cr | INR 3 Cr – < 4 Cr | INR 4 Cr – < 5 Cr | INR 5 Cr – < 6 Cr | INR 6 Cr – < 7.50 Cr |
7-9 days | 2.75% | 2.75% | 3.50% | 3.50% | 5.00% | 5.00% |
10-14 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.00% | 5.00% |
15-17 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
18-20 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
21-23 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
24-26 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
27-29 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
30-32 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
33-35 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
36-38 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
39-41 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
42-44 days | 2.75% | 2.75% | 5.00% | 5.00% | 5.50% | 5.00% |
45-47 days | 3.25% | 3.25% | 5.00% | 5.00% | 5.50% | 5.00% |
48-50 days | 3.25% | 3.25% | 5.00% | 5.00% | 5.50% | 5.00% |
51-53 days | 3.25% | 3.25% | 5.00% | 5.00% | 3.50% | 5.00% |
54-56 days | 3.25% | 3.25% | 5.00% | 5.00% | 3.50% | 5.00% |
57-59 days | 3.25% | 3.25% | 5.00% | 5.00% | 3.50% | 5.00% |
60-74 days | 3.50% | 3.50% | 6.25% | 6.25% | 3.50% | 6.25% |
75-85 days | 3.50% | 3.50% | 6.25% | 6.25% | 3.50% | 6.25% |
86-104 days | 5.50% | 5.50% | 6.25% | 6.25% | 5.50% | 6.25% |
105-120 days | 5.50% | 5.50% | 6.25% | 6.25% | 3.50% | 6.25% |
121-149 days | 5.50% | 5.50% | 6.25% | 6.25% | 3.50% | 6.25% |
150-164 days | 5.50% | 5.50% | 6.25% | 6.25% | 3.50% | 6.25% |
165-180 days | 5.50% | 5.50% | 6.25% | 6.25% | 3.50% | 6.25% |
181-210 days | 6.50% | 6.50% | 6.10% | 6.10% | 3.50% | 6.10% |
211-226 days | 6.50% | 6.50% | 6.10% | 6.10% | 3.50% | 6.10% |
227-269 days | 6.50% | 6.50% | 6.10% | 6.10% | 3.50% | 6.10% |
270-345 days | 6.50% | 6.50% | 6.10% | 6.10% | 3.50% | 6.10% |
346-364 days | 7.00% | 7.00% | 6.10% | 6.10% | 3.50% | 6.10% |
1 Yr – 375 days | 7.50% | 7.50% | 6.00% | 6.00% | 5.00% | 8.10% |
376-390 days | 7.25% | 7.25% | 5.60% | 5.60% | 3.50% | 5.60% |
391 days < 18 Months | 7.20% | 7.20% | 6.00% | 6.00% | 3.50% | 6.00% |
18M < 21M | 7.20% | 7.20% | 6.00% | 6.00% | 3.50% | 6.00% |
21M < 2 Yrs | 7.20% | 7.20% | 6.00% | 6.00% | 3.50% | 6.00% |
2 Yrs < 3 Yrs | 7.20% | 7.20% | 6.00% | 6.00% | 3.50% | 6.00% |
3 Yrs < 4 Yrs | 7.10% | 7.10% | 6.00% | 6.00% | 3.50% | 6.00% |
4 Yrs < 5 Yrs | 6.75% | 6.75% | 6.00% | 6.00% | 3.50% | 6.00% |
5 Yrs | 6.75% | 6.75% | 6.00% | 6.00% | 3.50% | 6.00% |
*The NRE fixed deposit rates are changeable at the bank's discretion. These interest rates are effective from 31 January 2025.
The FCNR (B) deposit interest rates are as given below:
Maturity Period | USD < 100,000 | GBP < 100,000 | EUR < 100,000 | CAD < 100,000 | AUD < 100,000 | JPY < 100,000 |
1 year to 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% | 0.01% |
376 days to < 1.5 years | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | NA |
1.5 years to < 2 years | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | NA |
2 years | 0.01% | 0.01% | 0.01% | NA | NA | NA |
2 years to < 740 days | 0.01% | NA | NA | NA | NA | NA |
740 days | 0.01% | NA | NA | NA | NA | NA |
741 days to 3 years | 0.01% | NA | NA | NA | NA | NA |
3 years to 39 months | 0.01% | NA | NA | NA | NA | NA |
*The interest rates are subject to change as per the discretion of the bank. The rates mentioned are applicable on 31 January 2025.
The RFC deposit interest rates are as given below:
Currency | Interest Rate |
AUD | 0.01% |
US | 0.10% |
EUR | 0.01% |
GBP | 0.01% |
JPY | 0.01% |
Maintenance of the NRI Fixed Deposit is done in Indian rupees.
Yes, Standard Chartered Bank offers the auto-renewal facility on its NRI Fixed Deposits.
Yes, you can avail a loan against the money that is available in the NRI Fixed Deposit account.
Yes, the interest and principal are freely repatriable.
No, you do not have to pay any tax on the interest that is earned on an NRI Fixed Deposit.
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