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Frequently Asked Questions

What is the tenure and interest rate for which I can open a Max Yield NRO fixed deposit?

Please click on the below link to know more on tenure and interest rate.

Please click here

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Is premature withdrawal facility available in my Max Yield NRO retail fixed deposit? If yes, what would be the fore closure charges applicable?

The Premature withdrawal of NRO Retail Fixed Deposit is permissible. However, for period of less than 15 days - no Interest payable; from 15 days to 180 days, subject to card rate at the time of booking deposits for the period for which it is held, will be payable. After 180 days, subject to card rate at the time of booking deposits for the period for which it is held, after deducting the penal charge of 0.5% on the rate which is applicable. For Fixed Deposits with tenure below 181 days, interest will be calculated at maturity as Simple Interest.

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How can I access my Max Yield NRO fixed deposit when I am overseas?

You can access your Max Yield NRO fixed deposit through Net Banking and Phone Banking.

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In which currency is my Max Yield NRO fixed deposit maintained?

Your Max Yield NRO fixed deposit will be maintained in Indian Rupees.

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Will I get a cheque book and an access India debit card when I open a Max Yield NRO fixed deposit?

No, you will not get cheque book and access India debit card with your Max Yield NRO fixed deposit. You shall get a fixed deposit advice on booking a Max Yield NRO deposit.

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