Wednesday, May 20, 2009

[Investors Please Listen] Revision of Interest rate on Exim Bank Term Deposit Scheme.

Revision of Interest rate on Exim Bank Term Deposit Scheme.

 

Interest Rates on Exim Bank Term Deposit Scheme have been revised and the following rates will be applicable with effect from may 21,2009 till further instructions.

 

Period (months) Upto & inclusive of Rs one crore Above Rs. 1 crore.
    12--24                     7.25% p.a.        5.50%
    25--60                    8.25% p.a        6.00%
 

Senior Citizens and physically challenged persons are eligible for additional interest at 0.50% p.a for 12-60 months deposits.

 

The above rates are applicable only  for Individual, NRIs (on non-repatriable basis), who are citizens of india, HUFs,PF/Superannuation Fund Trust, Army Group Insurance and Army / Defence  regiment Funds, IIMs, IITs.

 

 

These rates are applicable for deposit where cheques are realized on or after May 21, 2009. Multiple applications in the same name will be considered as single application for the purpose of interest payment.


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The information contained and provided on this Website provides Investment advice for the education of investors. The posts are an information service only. Recommendations, opinions or suggestions are given with the understanding that readers acting on this information assume all risks involved. We do not assume any responsibility or liability resulting from the use of such information, judgment and opinions for Trading or Investment purposes.
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