|Maturity||For Deposits of Less than Rs.1 Cr.||For deposits of Rs.1 Cr & above but less than Rs.10 Cr|
|1 Year & above but less than 2 Years||6.65||6.50|
|2 Years & above but less than 3 Years||6.70||6.60|
|3 Years to less than 5 years||6.50||5.25|
|5 years and above up to 10 Years||6.50||5.25|
|8 years& above to 10 Years||6.35||5.25|
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Penalty @1.00% - Deposits of Rs. 5 Lacs & above withdrawn prematurely after completion of 12 months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||3.49||1.55||0.32||0.51||2.89||2.33|
|B||2 YRS TO LESS THAN 3 YRS||3.33||1.62||0.36||0.49||2.66||2.28|
|C||3 YRS TO LESS THAN 4 YRS||3.28||1.70||0.45||0.48||2.67||2.28|
|D||4 YRS TO LESS THAN 5 YRS||3.25||1.76||0.56||0.48||2.69||2.47|
|E||5 YRS (Maximum)||3.27||1.81||0.66||0.50||2.71||2.54|
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||3.49||1.55|
|B||2 YRS TO LESS THAN 3 YRS||3.33||1.62|
|C||3 YRS (Maximum)||3.28||1.70|