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NRI > Interest Rates

Interest Rates

Interest rates on the range of NRI products are listed below:

Senior Citizens are not given the facility of additional interest rate on investment made in any NRI Fixed Deposit (NRE / NRO / RFC / FCNR).

Maturity Slab	Interest Rate (% p.a.)
7-14 days	3.50
15-30 days	5.00
31-45 days	5.00
46- 60 days	5.60
61-90 days	5.75
91-6 months	6.00
6 months 1 day to 270 days	6.25
271 days upto < 1 year	6.25
1 year	6.95
> 1 year - 2 years	6.85
>2 years to < 3 years	6.80
3 yrs to < 5 yrs	6.70
5 years	6.60
> 5 years - 7 years	6.25
>7 years - 10 years	6.25

Maturity Slab	Interest Rate (% p.a.)
1 year	6.95
> 1 year - 2 years	6.85
>2 years to < 3 years	6.80
3 yrs to < 5 yrs	6.70
5 years	6.60
> 5 years - 7 years	6.25
>7 years - 10 years	6.25

Note:-
� The above rates are applicable only on Fresh NRE / NRO deposits and on renewal of maturing deposits for amounts less than Rs. 2 crore. For the interest rate on NRE / NRO deposit for amount Rs 2 Crore and above, kindly refer to �RATES FOR BULK DEPOSITS ( Rs. 2 cr. and Above )� under URL http://www.idbibank.in/interest-rates.asp

� No interest will be paid on NRE deposits closed pre-maturely in less than 1 year.

Account Type	Saving Deposits Balance	Rate of Interest
NRE & NRO SB	UptoRs. 25 lakh	3.5 % p.a
NRE & NRO SB	Above Rs. 25 lakh	4.0 % p.a

MATURITY SLAB	USD	GBP	EUR	JPY
Less than 30 Days	2.60%	0.00%	0.00%	0.00%
30 Days – 90 Days	2.60%	0.00%	0.00%	0.00%
91 days – 6 Months	2.53%	0.00%	0.00%	0.00%
6 Months 1 day < 1 Year	2.46%	0.00%	0.00%	0.00%
1 Year < 2 Years	2.30%	1.10%	0.00%	0.00%
2 Years < 3 Years	2.04%	1.05%	0.00%	0.00%
3 Years Only	1.92%	1.03%	0.00%	0.00%

MATURITY SLAB	USD	GBP	EUR	AUD	CAD	JPY	SGD	HKD	CHF
1 yr to less than 2 yrs	2.55%	1.35%	0.00%	1.59%	2.30%	0.25%	2.29%	2.68%	0.00%
2 yrs to less than 3yrs	2.29%	1.30%	0.00%	1.48%	2.19%	0.18%	2.23%	2.38%	0.00%
3 yrs to less than 4 yrs	2.17%	1.28%	0.00%	1.48%	2.15%	0.11%	2.17%	2.21%	0.00%
4 yrs to less than 5 yrs	2.12%	1.27%	0.00%	1.57%	2.16%	0.06%	2.11%	2.11%	0.00%
5 years only	2.09%	1.25%	0.00%	1.61%	2.12%	0.00%	2.07%	2.02%	0.00%

Note:-
� Interest rates on RFC deposits are subject to change on the 1st of every month and as per the guidelines issued by the Reserve Bank of India from time to time.
� Minimum tenure for RFC Term Deposit is 6 months.
� No interest will be paid on FCNR deposits closed pre-maturely in less than 1 year.
� FCNR(B) deposit above USD 1 million or equivalent should be placed with prior consultation of Branch or NRI Cell at nri@idbi.co.in

Tenor	Interest Rate (% p.a.)
1 year	6.95
> 1 year - 2 years	6.85
>2 years to < 3 years	6.80
3 years to < 5 years	6.70
5 years	6.60
> 5 years - 7 years	6.25
>7 years - 10 years	6.25

Tenor	Interest Rate (% p.a.)
1 year	7.05
>1 year to 2 years	6.95
>2 years to < 3 years	6.90
3 years to < 5 years	6.85
5 years	6.80
> 5 years - 7years	6.50

Terms and Conditions for Non-Callable Option:

Deposit Amount : Minimum – Rs.15,00,001 less than Rs. 2 Crore
Pre-mature closure is not permitted.
Overdraft/ Loan is allowed upto 90% of the outstanding Deposit Amount.
Capital Gain and Recurring Deposits are not permitted under this scheme.
Sweep-in / Sweep-out facility is not permitted under this scheme.
Auto-renewal not allowed under this scheme.

Interest payable on Premature Withdrawal of Term Deposits

Interest payable on prematurely withdrawn deposits will be the rate applicable for the amount and the period for which the deposit remained with the Bank (rate applicable for that tenure on the original date of the deposit). To illustrate as an example, if a deposit is placed for 5 years and after 1 year the depositor wants to close the deposit prematurely, then the interest rate applied will be the rate which was applicable for one year on the original date of deposit.

With the revision in the premature closure policy, Bank will now levy a penalty of 1%, on the applicable rate for deposits in RTD & RD closed prematurely. Such closures include the withdrawals through sweep-ins and partial withdrawals as well.

Disclaimer: Interest rates on FCNR and RFC deposits are subject to change on the 1st of every month and as per the guidelines issued by the Reserve Bank of India from time to time.