Interest Rates on Exim Bank Term Deposit Scheme have been revised and the following rates will be applicable on fresh deposits accepted and renewal of maturing deposits on or after March 14, 2009 till further instructions.
|
Amount (in Rs.) |
Period (months) | Rate of Interest | Remarks |
| Upto and inclusive of Rs.1 crore | 12-60 | 9.25% p.a. | -- |
| Above Rs. 1 crore. | 12-60 | 8.00% p.a | No Change |
Senior Citizens and physically challenged persons are eligible for additional interest at 0.25% p.a for 12-35 months deposits and 0.50% p.a for 36-60 months deposits.
The above rates are applicable for Individual who are citizens of India, NRIs (on non-repatriable basis), HUFs,PF/Superannuation Fund, Army Group Insurance and Army / Defence regiment Funds, IIMs, IITs.
These rates are applicable for deposit where cheques are realized on or after March 14, 2009. Multiple applications in the same name will be considered as single application for the purpose of interest payment.
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