SBI NRI Services - NRO Fixed Deposit Interest Rate

NRO TERM DEPOSITS With effect from 10th October, 2019*
Tenors Below Rs.2 Crore Rs.2 Crore & above

7 days to 45 days

4.50%

4.30%

46 days to 179 days

5.50%

5.30%

180 days to 210 days

5.80%

5.70%

211 days to less than 1 year

5.80%

5.70%

1 year to less than 2 years

6.40%

6.00%

2 year to less than 3 years

6.25%

6.00%

3 years and upto 5 years

6.25%

5.75%

5 years and upto 10 years

6.25%

5.75%

Premature withdrawal

  • No interest is payable if the deposit is withdrawn before 7 days.

Description Penalty (All Tenors)
Up to Rs.5.00 lacs 0.50%
Above Rs.5.00 lacs but below Rs.1 Crore 1%
  • The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower.

  • No interest is payable if the deposit is withdrawn before 7 days.

  • On pre-mature withdrawal of the deposit (after completion of 7 days), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower.

*Rates are subject to change, without prior notice.