Standard Chartered Bank NRI Fixed Deposits
Standard Chartered Bank NRI Fixed Deposits offer NRE and NRO rupee term deposits at rates of up to 7.10% p.a. for balances up to Rs.7.5 crore, along with FCNR (B) deposits in six foreign currencies. NRE and NRO deposits start at Rs.10,000, with NRE tenures from one year to five years and NRO tenures from seven days to five years.
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:
A Standard Chartered NRE Fixed Deposit can be opened with a minimum investment of Rs.10,000, with tenures ranging from 1 year to 5 years.
Tenure | INR < 2 Cr (p.a.) | INR 2cr -<3cr (p.a.) | INR 3cr – < 4 cr (p.a.) | INR 4 cr – < 5 cr (p.a.) | INR 5cr – < 6 cr (p.a.) | INR 6 cr – < 7.50 cr (p.a.) |
1yr – 376 days | 6.60% | 6.60% | 7.10% | 7.10% | 4.00% | 4.30% |
377 – 379 daysh | 3.75% | 3.75% | 3.75% | 3.75% | 3.00% | 3.75% |
380 -390 days | 6.50% | 6.50% | 4.30% | 7.10% | 3.00% | 4.30% |
391 days < 18 Months | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
18M < 21 M | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
21M < 2 Yrs | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
2 Yrs < 3 Yrs | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
3 Yrs < 4 Yrs | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
4 Yrs < 5 Yrs | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
5 Yrs | 6.25% | 6.25% | 4.30% | 4.30% | 3.00% | 4.30% |
*The NRE fixed deposit rates are changeable at the bank's discretion. These interest rates are effective from 1 October 2026.
Note: The interest rates are effective from 1 October 2026.
A Standard Chartered NRE Fixed Deposit has a minimum term of 12 months, and the interest earned is forfeited if the deposit is closed before completing 12 months.
Standard Chartered Bank NRO FD Deposit Interest Rates Up to Rs.7.5 Crore
The NRO fixed deposit interest rates are as given below:
A Standard Chartered NRO Fixed Deposit can be opened with a minimum investment of Rs.10,000, for tenures ranging from 7 days to 5 years.
Tenure | INR < 2 Cr (p.a.) | INR 2 Cr - < 3 Cr (p.a.) | INR 3 Cr – < 4 Cr (p.a.) | INR 4 Cr – < 5 Cr (p.a.) | INR 5 Cr – < 6 Cr (p.a.) | INR 6 Cr – < 7.50 Cr (p.a.) |
7-9 days | 2.75% | 2.75% | 3.00% | 3.00% | 3.00% | 5.15% |
10-14 days | 2.75% | 2.75% | 3.00% | 3.00% | 3.00% | 3.00% |
15-17 days | 2.75% | 2.75% | 3.00% | 3.00% | 3.00% | 3.00% |
18-20 days | 2.75% | 2.75% | 3.00% | 3.00% | 3.00% | 3.00% |
21-23 days | 2.75% | 2.75% | 3.00% | 3.00% | 3.00% | 3.00% |
24-26 days | 2.75% | 2.75% | 3.00% | 3.00% | 3.00% | 3.00% |
27-29 days | 2.75% | 2.75% | 3.00% | 3.00% | 3.00% | 3.00% |
30-32 days | 2.75% | 2.75% | 3.35% | 3.35% | 3.00% | 3.35% |
33-35 days | 2.75% | 2.75% | 3.35% | 3.35% | 3.00% | 3.35% |
36-38 days | 2.75% | 2.75% | 3.35% | 3.35% | 3.00% | 3.35% |
39-41 days | 2.75% | 2.75% | 3.35% | 3.35% | 3.00% | 3.35% |
42-44 days | 2.75% | 2.75% | 3.35% | 3.35% | 3.00% | 3.35% |
45-47 days | 3.25% | 3.25% | 3.35% | 3.35% | 3.00% | 3.35% |
48-50 days | 3.25% | 3.25% | 3.35% | 3.35% | 3.00% | 3.35% |
51-53 days | 3.25% | 3.25% | 3.35% | 3.35% | 3.00% | 3.35% |
54-56 days | 3.25% | 3.25% | 3.35% | 3.35% | 3.00% | 3.35% |
57-59 days | 3.25% | 3.25% | 3.35% | 3.35% | 3.00% | 3.35% |
60-74 days | 3.50% | 3.50% | 3.60% | 3.60% | 3.00% | 3.60% |
75-85 days | 3.50% | 3.50% | 3.60% | 3.60% | 3.00% | 3.60% |
86-104 days | 4.75% | 4.75% | 4.30% | 4.30% | 3.00% | 4.30% |
105-120 days | 4.75% | 4.75% | 4.30% | 4.30% | 3.00% | 4.30% |
121-149 days | 4.75% | 4.75% | 4.30% | 4.30% | 3.00% | 4.30% |
150-164 days | 4.75% | 4.75% | 4.30% | 4.30% | 3.00% | 4.30% |
165-180 days | 4.75% | 4.75% | 4.30% | 4.30% | 3.00% | 4.30% |
181-210 days | 5.75% | 5.75% | 4.30% | 4.30% | 3.00% | 4.30% |
211-226 days | 5.75% | 5.75% | 4.30% | 4.30% | 3.00% | 4.30% |
227-269 days | 5.75% | 5.75% | 4.30% | 4.30% | 3.00% | 4.30% |
270-345 days | 5.75% | 5.75% | 4.30% | 4.30% | 3.00% | 4.30% |
346-364 days | 5.75% | 5.75% | 4.30% | 4.30% | 3.00% | 4.30% |
1 Yr – 376 days | 6.60% | 6.60% | 7.10% | 7.10% | 4.00% | 4.30% |
377-379 days | 3.75% | 3.75% | 3.75% | 3.75% | 3.00% | 3.75% |
380-390 days | 6.50% | 6.50% | 4.30% | 7.10% | 3.00% | 4.30% |
391 days < 18 Months | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
18M < 21M | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
21M < 2 Yrs | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
2 Yrs < 3 Yrs | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
3 Yrs < 4 Yrs | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
4 Yrs < 5 Yrs | 6.50% | 6.50% | 4.30% | 4.30% | 3.00% | 4.30% |
5 Yrs | 6.25% | 6.25% | 4.30% | 4.30% | 3.00% | 4.30% |
*The NRO fixed deposit rates are changeable at the bank's discretion. These interest rates are effective from 1 October 2026.
Note: The interest rates are effective from 1 October 2026.
Standard Chartered Bank FCNR (B) Deposit Interest Rates
The FCNR (B) deposit interest rates are as given below:
Premature withdrawal of a Standard Chartered FCNR (B) deposit attracts a penalty of 1% on the interest rate payable for the period the deposit has run, and no interest is paid if it is withdrawn before completing the minimum tenor of one year.
Currency | Maturity Period | < 100,000 (p.a.) | >= 100,000 (p.a.) |
USD | 365 days | 0.10% | 0.10% |
USD | 366 D – 375 D | 0.10% | 0.10% |
USD | 376 D – 394 D | 0.01% | 4.00% |
USD | 395 D – 400 D | 3.00% | 0.01% |
USD | 401 D – < 1.5 years | 0.01% | 0.01% |
USD | 1.5 years – < 2 years | 0.01% | 0.01% |
USD | 2 years – < 740 D | 0.01% | 0.01% |
USD | 740 D | 0.01% | 0.01% |
USD | 741 D – < 3 years | 0.01% | 0.01% |
GBP | 1 year < 375 days | 0.01% | 0.01% |
GBP | 375 D | 0.01% | 0.01% |
GBP | 376 D < 1.5 years | 0.01% | 0.01% |
GBP | 1.5 years < 2 years | 0.01% | 0.01% |
GBP | 2 years | 0.01% | 0.01% |
EUR | 1 year – < 375 days | 0.01% | 0.01% |
EUR | 375 D | 0.01% | 0.01% |
EUR | 376 days – < 1.5 years | 0.01% | 0.01% |
EUR | 1.5 years < 2 years | 0.01% | 0.01% |
EUR | 2 years | 0.01% | 0.01% |
CAD | 1 year | 0.01% | 0.01% |
CAD | 366D < 390D | 0.01% | 0.01% |
CAD | 391D < 1.5 years | 0.01% | 0.01% |
AUD | 1 year | 0.01% | 0.01% |
AUD | 366D < 390D | 0.01% | 0.01% |
AUD | 391D < 1.5 years | 0.01% | 0.01% |
JPY | 1 year | 0.01% | 0.01% |
*The interest rates are subject to change as per the discretion of the bank. The rates mentioned are applicable on 1 October 2026.
Note: The interest rates are effective from 1 October 2026.
Standard Chartered Bank RFC Deposit Interest Rates
The RFC deposit interest rates are as given below:
Currency | Tenure | Interest Rate (p.a.) |
USD | 1 day to < 6 months | 0.01% |
USD | 6 months | 0.01% |
USD | 6 months to < 1 year | 0.01% |
USD | 12 months | 0.10% |
USD | 367 D to 394 D | 4.00% |
USD | 395 D to 400 D | 0.01% |
USD | 401 D to < 2 years | 0.01% |
USD | 2 years | 0.01% |
GBP | 1 day to < 6 months | 0.01% |
GBP | 6 months | 0.01% |
GBP | 6 months to < 1 year | 0.01% |
GBP | 12 months | 0.01% |
GBP | 1 year to < 2 years | 0.01% |
GBP | 2 years | 0.01% |
EUR | 1 day to < 6 months | 0.01% |
EUR | 6 months | 0.01% |
EUR | 6 months to < 1 year | 0.01% |
EUR | 12 months | 0.01% |
EUR | 1 year to < 2 years | 0.01% |
EUR | 2 years | 0.01% |
Note: The interest rates are effective from 1 October 2026.
Summary
Standard Chartered Bank NRI Fixed Deposits cover NRE, NRO and FCNR (B) schemes, with RFC deposit rates also listed above. NRE deposits earn tax-free, fully repatriable returns, NRO deposits suit income earned in India, and FCNR (B) deposits protect against currency risk. Compare the tenure-wise rates above to choose the Standard Chartered NRI Fixed Deposit scheme that best matches your investment horizon.
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FAQs on Standard Chartered Bank NRI Fixed Deposits
1.What is a Standard Chartered NRI Fixed Deposit?
A Standard Chartered NRI Fixed Deposit is a term deposit that lets Non-Resident Indians invest through NRE, NRO or FCNR (B) schemes. NRE and NRO deposits are held in Indian rupees, while FCNR (B) deposits are held in a foreign currency. The deposit earns interest at the rate prevailing on the date of booking.
2.What is the difference between Standard Chartered NRE and NRO Fixed Deposits?
A Standard Chartered NRE Fixed Deposit is an Indian rupee deposit funded from foreign earnings, with tax-free interest and freely repatriable principal and interest. A Standard Chartered NRO Fixed Deposit is also an Indian rupee deposit, but its interest is subject to tax deducted at source.
3.What is a Standard Chartered FCNR (B) deposit?
A Standard Chartered FCNR (B) deposit is a fixed deposit held in a foreign currency, which protects the investment from exchange rate fluctuations. FCNR (B) stands for Foreign Currency Non-Resident (Bank) Deposit. The interest is earned in the same foreign currency and is tax-free in India.
4.Who can open a Standard Chartered NRI Fixed Deposit?
A Standard Chartered NRI Fixed Deposit can be opened by a Non-Resident Indian, and an FCNR (B) deposit can be booked by any Standard Chartered NRI customer whose account is operative. A Standard Chartered NRE Fixed Deposit can also be held jointly with another NRI, or with a resident individual under the former or survivor mode only. Nomination facility is available on NRE and NRO deposits.
5.How can I open a Standard Chartered NRI Fixed Deposit?
A Standard Chartered NRE or NRO Fixed Deposit can be opened through Netbanking or at any branch in India, while an FCNR (B) deposit is opened with the help of a Relationship Manager or at a branch. An NRE deposit can be funded by a fresh inward remittance from abroad or from funds in an NRE account, and an NRO deposit by transfer from an existing NRO account. An FCNR (B) deposit can be funded the same way as an NRE deposit, with Indian rupee funds converted to the booking currency.
6.Is interest on a Standard Chartered NRI Fixed Deposit taxable?
Interest earned on a Standard Chartered NRE Fixed Deposit and on an FCNR (B) deposit is tax-free in India. Interest earned on a Standard Chartered NRO Fixed Deposit is subject to tax deducted at source.
7.Are the principal and interest on a Standard Chartered NRE Fixed Deposit repatriable?
Yes, both the principal and the interest on a Standard Chartered NRE Fixed Deposit are freely repatriable. This makes the NRE scheme suited to Non-Resident Indians who may want to move their funds abroad.
8.Is there a minimum tenure for a Standard Chartered NRE or FCNR (B) Fixed Deposit?
Yes, a Standard Chartered NRE or FCNR (B) Fixed Deposit has a minimum tenor of one year. No interest is paid if the deposit is withdrawn before completing that minimum tenor.
9.Can I withdraw a Standard Chartered NRI Fixed Deposit before maturity?
Yes, a Standard Chartered NRI Fixed Deposit can be withdrawn prematurely, subject to a penalty on the interest rate payable for the period the deposit has been held. No interest is paid on an NRE or FCNR (B) deposit withdrawn before its minimum tenor. A premature withdrawal of an NRE deposit for conversion into a Resident Foreign Currency (RFC) account attracts no penalty.
10.Do Standard Chartered NRI Fixed Deposit rates change after booking?
The interest rate prevailing on the date of booking applies to a Standard Chartered NRI Fixed Deposit. Rates can change from time to time, so the tenure-wise rates above are worth checking before booking.
11.Does Standard Chartered offer auto-renewal on Fixed Deposits?
Yes, Standard Chartered offers an auto-renewal facility on its Fixed Deposits, which renews the deposit for the same tenure on the maturity date. Depositors should confirm with the bank whether the facility applies to their specific Standard Chartered NRI Fixed Deposit scheme.
12.Can I get an overdraft against a Standard Chartered NRI Fixed Deposit?
Standard Chartered offers an overdraft facility against its Fixed Deposits, which lets a depositor borrow against the deposit instead of breaking it. Depositors should confirm with the bank whether the facility applies to their specific Standard Chartered NRI Fixed Deposit scheme.
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