RATE OF INTEREST ON FCNR 'B' DEPOSITS: W.E.F. 16.12.2022
(PERCENTAGE PER ANNUM)
|1 YR TO LESS THAN 2 YRS||5.00||3.70||0.02||0.55||0.99||2.60|
|2 YRS TO LESS THAN 3 YRS||4.00||2.50||0.21||0.55||2.05||1.42|
|3 YRS TO LESS THAN 4 YRS||3.35||2.55||0.36||0.54||2.27||1.78|
|4 YRS TO LESS THAN 5 YRS||3.25||2.60||0.46||0.55||2.33||2.05|
|5 YRS (Maximum)||3.15||2.60||0.52||0.56||2.34||2.17|
- 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.