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The current interest rates on our NRE Fixed Deposits are presented below.
Notes:
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The deposit rates for NRE deposits will change from the first of every month. Since the cap on NRE rates has been enforced by the Reserve Bank of India, no request for offering differential rates would be entertained. |
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Interest rates are subject to change from time to time. |
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Applicable interest rates will be given as on the date of receipt of the funds by the bank. |
| NRE Fixed Deposit Rates* |
| Period |
Interest Rate |
Annualised rate Per Annum (compounded quarterly) |
Effective From |
| 1 Year to less than 2 Years |
3.75%
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3.81%
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January 1, 2009 |
| 2 Years to less than 3 Years |
3.19%
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3.23%
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January 1, 2009 |
| 3 Years to 5 Years |
3.47%
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3.52%
|
January 1, 2009 |
No interest will be paid if the NRE Deposit is cancelled prematurely before 1 year.
*Applicable interest rates will be given as on the date of receipt of the funds by the bank. When booking Fixed Deposit through NetBanking, please note the actual interest rate being applied on the "Confirm" screen. This screen appears before you confirm your request for opening a new Fixed Deposit. |
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