Maturity | For Deposits of Less than Rs.2 Cr. | For deposits of Rs.2 Cr & above but less than Rs.10 Cr |
---|---|---|
Rate w.e.f 23.06.2022 |
Rate w.e.f 01.10.2021 |
|
1 Year & above to 443 Days | 5.30 | 3.50 |
444 days | 5.50 | 3.50 |
445 days to less than 2 Yrs | 5.40 | 3.50 |
2 Years to less than 3 Yrs | 5.40 | 3.50 |
3 Years to less than 5 Yrs | 5.35 | 3.50 |
5 Years to less than 8 Yrs | 5.35 | 3.50 |
8 years & above to 10 Yrs | 5.35 | 3.50 |
Rs.10 Cr & above
Please contact nearest Branch for rate of interest on deposits for Rs.10 cr & above
Premature Withdrawal:
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Penalty @1.00% - Deposits of Rs. 5 Lacs & above withdrawn prematurely after completion of 12 months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) | |||||||
MATURITY | USD | GBP | EUR | JPY | CAD | AUD | |
---|---|---|---|---|---|---|---|
A | 1 YR TO LESS THAN 2 YRS | 1.50 | 1.70 | 0.02 | 0.55 | 0.99 | 0.94 |
B | 2 YRS TO LESS THAN 3 YRS | 1.80 | 2.10 | 0.21 | 0.55 | 2.05 | 1.42 |
C | 3 YRS TO LESS THAN 4 YRS | 1.95 | 2.10 | 0.36 | 0.54 | 2.27 | 1.78 |
D | 4 YRS TO LESS THAN 5 YRS | 2.00 | 2.10 | 0.46 | 0.55 | 2.33 | 2.05 |
E | 5 YRS (Maximum) | 2.10 | 2.10 | 0.52 | 0.56 | 2.34 | 2.17 |
Premature Withdrawal
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.
MATURITY | USD | GBP | |
---|---|---|---|
A | 1 YR TO LESS THAN 2 YRS | 1.50 | 1.70 |
B | 2 YRS TO LESS THAN 3 YRS | 1.80 | 2.10 |
C | 3 YRS (Maximum) | 1.95 | 2.10 |
USD | GBP |
---|---|
0.10 | 0.18 |