![]() On pre-mature withdrawal of the deposit (after completion of 1 year), interest will be paid at applicable rate for the period the deposit has actually remained with the Bank or contracted rate less Premature Penalty of 1%, whichever is lower. The interest shall be 0.50% or 1% below the rate applicable at the time of Deposits for the period Deposit has remained with the Bank or 0.50% or 1% below the contracted rate, whichever is lower. *Rates are subject to change, without prior notice. ![]() No interest is payable if the deposit is withdrawn before one year.Įffective 01st April 2017, Penalty for Premature Withdrawal for Retail Term Deposits will be applicable as under: NRE TERM DEPOSITS With effect from 15 th February, 2023
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