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NRO Term Deposit
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Key Features
- Convenience Banking including Net Banking, Phone Banking and Global Debit Card
- Easy Nomination facilities
- Easy movement of funds (and interest earned)
- Principal amount & interest earned are tax free
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Interest Rates:
Term Deposit rates effective from 19th August, 2008
(subject to change from time to time)
| INTEREST RATES FOR NRO TERM DEPOSITS |
| Maturity Periods |
Less than Rs.15 lacs |
Annualised Yield |
| 7 - 14 Days |
No Quote |
No Quote |
| 15 - 30 Days |
4.50% |
4.50% |
| 31 - 45 Days |
5.50% |
5.50% |
| 46 - 90 Days |
6.00% |
6.00% |
| 91 - 180 Days |
6.75% |
6.75% |
| 181 Days to 270 Days |
8.00% |
8.24% |
| 271 Days to less than 1 Year |
9.50% |
9.84% |
| 1 Year & above to 389 Days |
10.00% |
10.38% |
| 390 Days |
10.12% |
10.50% |
| 391 Days & above but less than 2 Years |
10.00% |
10.38% |
| 2 Years & above but less than 3 Years |
10.00% |
10.38% |
| 3 Years and above but less than 5 years |
9.75% |
10.11% |
| 5 years and above upto and inclusive of 10 years |
9.50% |
9.84% |
Salient Features:
- No penalty on pre-mature withdrawal
- Overdraft available against Term Deposits
- Option to link TD to Current / Savings account available
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