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| NRE
DEPOSITS (w.e.f. 01-07-2008) |
| Maturity
Period |
Interest
Rate % P.A. |
| 1
Year to less than 2 Years |
3.31% |
| 2
Years to less than 3 Years |
3.60% |
| 3
Years and above |
3.95% |
| NRO
DEPOSITS (w.e.f. 01-07-2008) |
| PERIOD |
For Deposits below Rs.50.00
lacs |
For Deposits Rs. 50.00
lacs & above |
| |
Rate of Interest |
Annualized Yield at the minimum stage
of the slab |
Rate of Interest |
Annualized Yield at the minimum stage
of the slab |
| 7 Days to 14 Days* |
4.00% |
4.00% |
4.00% |
4.00% |
| 15
Days to 45 Days |
5.25% |
5.25% |
5.25% |
5.25% |
| 46
Days to 90 Days |
6.00% |
6.00% |
6.00% |
6.00% |
| 91
Days to 120 Days |
7.00% |
7.00% |
7.00% |
7.00% |
| 121
Days to 179 Days |
7.50% |
7.50% |
7.50% |
7.50% |
| 180
Days to < 1 Year |
8.25% |
8.33% |
8.25% |
8.33% |
| 1
year to < 21 Months |
9.30% |
9.63% |
9.00% |
9.31% |
|
21 Months |
9.50% |
10.20% |
9.00% |
9.63% |
| 21
Months to 36 months |
9.00% |
9.63% |
9.00% |
9.63% |
| More
than 36 months
|
8.75% |
9.88% |
8.75% |
9.88% |
* Minimum Rs. 1.00 Lacs |
- Usual benefit of additional
interest rate of 1% over the card rates, in case of Staff and
Retired members of Staff and 0.50% in case of Domestic Indian
Senior Citizens will continue..
- The penalty will be in the
form of payment of interest @ 1% below the rate applicable for
the period for which the Deposit remained with the Bank. These
instructions will be effective from 4.12.2006 and applicable
on new Term Deposits and renewal of existing Term Deposits effected
on or after 4.12.2006.
- Interest will not be payable
on all those term deposits which have been prematurely withdrawn
before 15 days of their remaining with the bank.
- Preferential rates on single
deposit accepted at rates higher than the indicated above are
payable only if the deposit runs for full contracted period
and in case of premature payment of such deposits interest will
be payable at the normal rates applicable for the period for
which deposit has run with penalty as applicable.
| Rates
of Interest on FCNR (Banks) Accounts
w.e.f
01.07.2008 |
| PERIOD |
USD |
GBP |
EURO |
| 1
year and above but less than 2 years |
2.56 |
5.70 |
4.64 |
| 2
year and above but less than 3 years |
2.85 |
5.50 |
4.62 |
| 3
year and above but less than 4 years |
3.20 |
5.47@ |
4.55@ |
| 4
year and above but less than 5 years |
3.42 |
-- |
-- |
| 5
Years only |
3.56 |
-- |
-- |
-
@
for three years only.
-
Rates
of Interest are in (Percent per annum)
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FCNR(B)
Scheme allow term deposits upto a maximum period
of 3 years with interest compounded half-yearly.
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Rates
are subject to directives issued by the reserve
bank of India and are liable to change without
notice.
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Interest
paid at half -yearly intervals or along with principal
at maturity as per scheme.
-
FCNR(B)
. Scheme is available for a maximum maturity
period of 5 years in case of USD.
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Rupee
Drawing Arrangements
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Copyright
© 2000 The Bank Of Rajasthan Ltd.
All rights reserved.