|Maturity||For Deposits of Less than Rs.2 Cr.||For deposits of Rs.2 Cr & above but less than Rs.10 Cr|
|1 Year & above but less than 2 Years||5.50||4.25|
|2 Years & above but less than 3 Years||5.40||4.25|
|3 Years to less than 5 years||5.40||4.25|
|5 years and above up to 10 Years||5.40#||4.25|
|8 years& above to 10 Years||5.40#||4.25|
Rs.10 Cr & above
Please contact nearest Branch for rate of interest on deposits for Rs.10 cr & above
No interest payable for NRE Term Deposits remained with the Bank for less than 12 Months & hence, No Penalty.
Nil Penalty- Deposits of less than Rs.5 Lacs remained with the Bank for 12 Months and above
Penalty @1.00% - Deposits of Rs. 5 Lacs & above withdrawn prematurely after completion of 12 months
|(PERCENTAGE PER ANNUM)|
|A||1 YR TO LESS THAN 2 YRS||1.27||0.74||0.16||0.50||1.34||0.67|
|B||2 YRS TO LESS THAN 3 YRS||0.98||0.68||0.13||0.49||1.08||0.70|
|C||3 YRS TO LESS THAN 4 YRS||1.24||0.68||0.12||0.49||1.13||0.75|
|D||4 YRS TO LESS THAN 5 YRS||1.02||0.70||0.12||0.49||1.20||0.87|
|E||5 YRS (Maximum)||1.08||0.72||0.15||0.50||1.26||0.95|
No interest will be payable on premature withdrawal of deposit within twelve months from the date of deposit.
On premature withdrawal of deposit which has remained with the bank for a period above 12
months, penalty of 1% is applicable from the date of deposit, till the period for which the deposit remained with the bank.
|A||1 YR TO LESS THAN 2 YRS||1.27||0.74|
|B||2 YRS TO LESS THAN 3 YRS||0.98||0.68|
|C||3 YRS (Maximum)||1.24||0.68|