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Non Resident External (NRE) Deposits Interest Rates

NRE Rupee Saving Deposit

S. No.	Currency	Type of deposit	Revised Rates (% p.a.) (w.e.f. 03.05.2011)
1	INR	NRI Rupee Savings Deposit	4.00

Rates of Interest on Non Resident Rupee Term Deposits A/C's

Bank has Revised Interest Rates on NRE Rupee Term Deposit A/cs. New Rates are given below with effect from 15.05.2012.

Period of Deposit	Existing Rates of Interest w.e.f. 23.04.2012 (% p.a.)	Revised Rates of Interest w.e.f. 15.05.2012 (% p.a.)
Period of Deposit	Existing Rates of Interest w.e.f. 23.04.2012 (% p.a.)	Below Rs 15.00 lacs	Rs 15 lacs & above upto Rs 1.00 crore
1 year (exact)	9.05	9.30	9.50
Above 1 year to up to 2 years	9.00	9.00	9.00
Above 2 years up to 5 years	8.75	8.75	8.75
Above 5 years up to 10 years	8.50	8.50	8.50

The revised interest rate shall apply to both fresh NRE term deposits and renewals of existing NRE term Deposits w.e.f. 15.05.2012

Penalty for premature withdrawal of NRE Term Deposits – 1% as applicable to Domestic Term Deposits

Penalty for premature renewal of NRE Term Deposits – 0.50% as applicable to Domestic Term Deposits

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