# Simple interest rate
Kindly note that the above rates are applicable for today only.
- Overdraft available against Term Deposits
- Option to link TD to Current / Savings account available
- No interest is payable for NRE TD held for less than 1yr.
- Interest rate payable upon premature withdrawal of the NRE TD is dependent on the period for which the deposit was held in the Bank;
Period for which held in the Bank Interest payable on Pre-mature withdrawal of NRE TD Less Than 1 year Nil More than 1 year Deposit rate for the contracted tenor or Deposit rate corresponding to the period for which the deposit is held, whichever is lower.
Card rates for date of deposit to be used as reference.
Important: Penal charge on Pre-mature withdrawal of Term Deposit:
As per the Terms & Conditions of Term Deposit Accounts of the Bank, the penal charge on premature closure of Term Deposits including partial closures, has been fixed by the bank as below on Term Deposits booked/ renewed on or after 1st November, 2012.
Tenure of Term Deposit Penalty Less than 181 days Nil 181 days and above 0.50%
- USD $
- GBP £
- AUD $
- CAD $
- SGD $
*Indicative Bank sell rate -TeleTransfer
Maturity Period: 1-2 Years
- NRE/NRO SB 4% pa
- NRO TD
- NRE TD
- FCNR (USD)
- FCNR (GBP)
- FCNR (EUR)
- FCNR (YEN)
*Interest rates subject to change