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>> Interest rate on RFC (SB)
Rate of Interest on RFC (SB) and PENAL
With effect from 26.05.2003, RFC (SB) Interest rate and Penal Interest rates are being revised as under.
S.No.
Scheme
Currency
Our Existing Rate
(p.a.)
Proposed Rate
(p.a.)
1
RFC (SB)
USD ($)
1.00 %
0 .50 %
Other Currencies
1.00 %
1.00 %
2
Penal Interest
All the Currencies
1.00 %
0.50 %
Deposit withdrawn prematurely before completion of 1 year
No Interest Payable
No Interest Payable
All other terms and conditions remain unchanged
.
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