FD Interest Rates Of Foreign Banks In India, Check The List

Foreign Banks & FD Interest Rates

The Reserve Bank Of India is also known as the Central Bank Of India. RBI is the regulatory body and controls all the banks in India. Whether Public Sector Banks or Private Banks all execute their business under RBI’s guidelines. Under the category of Banks, there are also foreign banking institutions working under RBI. Foreign Banks are pretty much popular in our country and offer many financial services. The headquarters of these institutions are outside India but offer their services through Indian branches.

As per Reserve Bank of India, “ Foreign bank branches in India recorded 13.8 per cent growth in their income which was largely driven by interest income 2019-2020.” Till now 46 foreign banks are doing business in India under RBI and offer convenient interest rates on FDs.

Foreign Banks & FD Interest Rates

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Here Is The List Of FD Rates of Major Foreign Banks of India:

Foreign Banks Of IndiaTenure Of 1-2 years Tenure Of 3-5 years Tenure Of 5-10 years
Barclays Bank3.58-3.85%4.55%-4.98%4.98-5.36%
Citi Bank2.75-3%3.5% (more than 3 years)
DBS Bank5-5.25%5.65%5.75%
Deutsche Bank3.85-5%5.50-6%6.25% (For up to 5 years)
HSBC Bank3.10-3.5%4%
Standard Chartered Bank5.25-5.30%5.35-5.60%
FD Interest Rates Of Foreign Banks

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Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

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