Last Updated on: 09/02/2024
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# Interest Rate Valid till 31.03.2024
* Minimum Amount Rs. 1.00 Lakh
The Revised Interest Rates on NRE Term Deposits w.e.f 10.02.2024 are as Follows:
Interest Rate of 7.30% on 444 Days is valid till 31.03.2024 and from 01.04.2024, the Effective Interest Rate for 444 Days shall be 7.10%.
For Deposits of Rs. 2 Crore and above
For Deposits of Rs. 2 Crore and above (Bulk Deposits), Branch has to take prior permission for rate of interest from Treasury Department, Central Office.
Fore Closure Charges
Retail Term Deposits upto Rs. 15000/-
NIL
Retail Term Deposits of Rs. 15,001/- up to Rs. 5 Lakh
0.50%
Retail Term Deposits Above Rs. 5 Lakh but Below Rs. 2 Crore
1.00%
Bulk Deposits of Rs. 2 Crore & Above