| Rate of Interest on Term Deposit under Non Resident External (NRE) Rupee Accounts deposits up to Rs. 1 crore, w.e.f. 19/03/2018 : | |
| Maturity | Revised w.e.f. 19/03/2018 (% p.a.) |
| Term Deposit of less than Rs. 1 Cr | |
| 1 Year - 2 Years | 6.75 |
| Above 2 Years - < 3 Years | 6.60 |
| 3 Years - 5 Years | 6.55 |
NOTE:
| Interest Rates for Deposits of Rs 1 Crore and above are available on Bank’s Intranet site on daily basis. |
| Staff/ Ex-Staff/ Senior Citizens shall NOT BE given any additional benefit over and above the above noted interest rate in NRE term deposit. |
| For payment of interest and penalty on pre-mature withdrawal of term deposits, please refer HO RMD circular No. 357 dated 01.09.2017. |
| For interest on overdue period of FDRs, please refer HO P&D circular No. 3164 dated 06.04.2015. However, in case of closure, the interest on overdue period will be paid at applicable Saving Bank rate of interest. |
