Interest Rates
Interest Rate w.e.f. 01/11/2023
| Period | GBP Rate Gross | GBP AER | USD Rate Gross | USD AER | EUR Rate Gross | EURAER |
|---|---|---|---|---|---|---|
| 1 Month to < 3 Months | 2.50% | 2.50% | 2.50% | 2.50% | -- | -- |
| 3 Months & above upto less than 6 Months | 2.50% | 2.50% | 2.50% | 2.50% | -- | -- |
| 6 Months & above upto less than 1 Year | 2.50% | 2.50% | 2.50% | 2.50% | -- | -- |
| 1 Year | 5.00% | 5.00% | 4.75% | 4.75% | -- | -- |
| Above 1 Year upto less than 2 Years | 4.25% | 4.25% | 4.25% | 4.25% | -- | -- |
| Above 2 Years upto less than 3 Years | 3.50% | 3.50% | 3.50% | 3.50% | -- | -- |
| Above 3 Years upto less than 4 Years | 3.75% | 3.75% | 3.50% | 3.50% | -- | -- |
| Above 4 Years upto less than 5 Years | 3.75% | 3.75% | 3.75% | 3.75% | -- | -- |
| 60 Months | 3.75% | 3.75% | 3.75% | 3.75% | -- | -- |
- Deposit in GBP & USD for up to a period of 5 years
- Minimum Deposit of GBP 1000.00 OR equivalent in other currencies for Individuals & GBP 10000.00 for Others with effect from 09.03.2015(% per annum)
- AER – Stands for Annual Equivalent Rate and illustrates the interest rate if it was paid and compounded once each year. Gross is a contractual rate payable before deduction of income tax at rate specified by law.
- The above rates are applicable for Retail Customers for deposit upto 100000
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