The current interest rates on our NRE Fixed Deposits are presented below.
Notes:
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.
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
2.59%
2.61%
March 1, 2010
2 Years to less than 3 Years
2.83%
2.86%
March 1, 2010
3 Years to 5 Years
3.44%
3.48%
March 1, 2010
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.
