Kotak Mahindra Bank offers Foreign Currency Non-Resident (FCNR) deposits with competitive interest rates, providing a secure way for NRIs to invest their foreign currency earnings in India without the risk of exchange rate fluctuations. Here are the details regarding
Kotak Bank FCNR rates for your reference.
What are the Kotak Mahindra Bank FCNR Rates?
The FCNR rates Kotak Bank vary depending on the currency and the tenure of the deposit.
The bank offers FCNR deposits in 5 major currencies: US Dollar, Euro, British Pound Sterling, Australian Dollar, and Singapore Dollar. The tenure for FCNR deposits ranges from a minimum of 1 year to a maximum of 5 years. Check out the table below for detailed FCNR rates.
FCNR (B) Deposit |
USD (< 0.5 mio) |
USD (>= 0.5 mio) |
GBP |
AUD |
EURO |
SGD |
>=1 Year - Less than 2 Year |
5.60% |
5.60% |
5.70% |
5.35% |
4.10% |
3.95% |
2 Year - Less than 3 Year |
4.55% |
4.55% |
4.80% |
5.35% |
3.15% |
3.95% |
3 Year - Less than 4 Year |
4.00% |
4.00% |
4.25% |
4.50% |
2.70% |
3.10% |
It is important to note that these rates are subject to change based on market conditions, so it's advisable to check the latest rates before making any investment decisions. This is all about
Kotak Bank FCNR interest rates.
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What is Kotak Bank FCNR Rates?
Ravi
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2024-08-30T19:25:52+00:00 2024-09-29T11:00:00+00:00Comment
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