Hello. I recently checked the Karur Vysya Bank FCNR rates as I am an NRI settled in Australia. The bank has set the FCNR interest rates on the basis of the time period and currency, which includes the US Dollar, Great Britain Pound, Euro, Japanese Yen, Canadian Dollar and Australian Dollar. The interest rate gets lower with the increasing period. The range across the currencies is between 0.33 to 5.90. Below, I am enlisting the detailed FCNR rates in percentages.
What are the KVB FCNR Interest Rates?
Here are the rates:
Period |
USD |
GBP |
EUR |
JPY |
CAD |
AUD |
1 Year and above but less than 2 Years |
5.90 |
5.20 |
3.92 |
0.48 |
4.30 |
4.60 |
2 Years and above but less than 3 Years |
4.58 |
4.95 |
2.92 |
0.48 |
3.80 |
4.35 |
3 Years and above but less than 4 Years |
4.08 |
3.95 |
2.42 |
0.48 |
3.80 |
4.35 |
4 Years and above but less than 5 Years |
3.83 |
3.95 |
2.42 |
0.33 |
3.80 |
4.10 |
5 Years only |
3.83 |
3.95 |
2.42 |
0.33 |
3.80 |
4.10 |
So, this is all from my end about the KVB FCNR rates. I hope this helps.
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What are the KVB FCNR rates?
jivan
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1 Answers
54 days
2024-10-31T19:47:43+00:00 2024-10-31T19:47:43+00:00Comment
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