|
| |
|
|
|
| |
 |
 |
|
| NRE
DEPOSITS (w.e.f. 16-11-2008) |
| Maturity
Period |
Interest
Rate % P.A. |
| 1
Year to less than 2 Years |
4.92% |
| 2
Years to less than 3 Years |
4.41% |
| 3
Years and above |
4.89% |
| NRO
DEPOSITS (w.e.f. 01-10-2008) |
| PERIOD |
Rate
of Interest |
Annualized
Yield at the minimum stage of the slab |
| 7
Days to 14 Days* |
4.00% |
4.00% |
| 15
Days to 45 Days |
5.25% |
5.25% |
| 46
Days to 90 Days |
5.50% |
5.50% |
| 91
Days to 120 Days |
6.00% |
6.00% |
| 121
Days to 179 Days |
8.00% |
8.00% |
| 180
Days to 364 Days |
9.00% |
9.10% |
|
1 year to 2 years |
10.60% |
11.03% |
|
Above 2 years to 3 years |
9.50% |
10.33% |
|
Above 3 years |
9.25% |
10.52% |
*
Minimum Rs. 1.00 Lacs |
-
Additional
interest @ 0.25% over the normal rate for maturity period
of 1 year to 2 years and @ 0.50% over the normal rate for
other maturity periods will be given to resident senior citizens.
-
Additional interest @ 1.00% over the normal rate will be given to
members / retired members of staff.
However, in case of senior
citizens who are also retired members of staff, only the benefit
of 1.00% additional interest payable in capacity of retired
member of staff will continue.
-
Penalty for premature payment as well as premature renewal of term
deposits accepted and renewed on or after 04.12.2006 will
be charged in the form of interest @ 1.00% below the rate
applicable for the period for which the deposit has remained
with the Bank as per Circular No. 58/Dep/20/8121/2006 dated
02.12.2006. Other terms and conditions stated in the previous circular remain
the same.
-
It may further be noted that above mentioned rates of interest are
not applicable on Interbank deposits. Branches are advised
to approach T&I Deptt. for acceptance / placement of inter
bank deposits and should continue to be guided by circular
No. 51/Dep/15/5609/99 dated 14.12.1999 for such deposits.
-
Branches are advised to approach Shri B.S. Gupta, Product Head(Deposits),
Corporate Office, Mumbai for quoting / bidding higher interest
rates on bulk deposits of Rs. 50 lacs & over. However,
in cases where the deposits have been accepted at rates higher
than the card rates, the interest in case of premature payment
should be paid at the applicable card rate for the period
for which the deposit has actually run with penalty as applicable
and higher preferential rate should not be paid.
| Rates
of Interest on FCNR (Banks) Accounts
w.e.f
16.11.2008 |
| PERIOD |
USD |
GBP |
EURO |
| 1
year and above but less than 2 years |
4.17 |
7.01 |
5.87 |
| 2
year and above but less than 3 years |
3.66 |
5.18 |
4.59 |
| 3
year and above but less than 4 years |
4.14 |
5.32@ |
4.70@ |
| 4
year and above but less than 5 years |
4.49 |
-- |
-- |
| 5
Years only |
4.76 |
-- |
-- |
-
@
for three years only.
-
Rates
of Interest are in (Percent per annum)
-
FCNR(B)
Scheme allow term deposits upto a maximum period
of 3 years with interest compounded half-yearly.
-
Rates
are subject to directives issued by the reserve
bank of India and are liable to change without
notice.
-
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.
|
Rupee Drawing Arrangements
|
|
Copyright
© 2000 The Bank Of Rajasthan Ltd.
All rights reserved.