|End of day Balance||Interest Rates w.e.f. August 19, 2017|
|Below ₹ 50 lakhs||
|₹ 50 lakhs and above||
Interest rates on NRE / NRO savings accounts prior to August 19, 2017 : 4.00%
Interest calculated is rounded off to the nearest rupee; i.e., fractions of 50 paise and above shall be rounded off to the next higher rupee and fraction of less than 50 paise shall be ignored. With effect from March 31, 2016 interest will be paid quarterly.
There will be no interest paid for NRE and NRO non interest bearing Accounts.