FCNR (B) DEPOSIT SCHEME

FCNR (B) DEPOSIT SCHEME

• FCNR(B) Deposit Period : 1 year and up to 5 years
• Fixed Deposit Scheme in :USD GBP EUR CAD & AUD
• Minimum Deposit : 1000 for USD, GBP & EUR
                                : 5000 for AUD & CAD.
• On pre-mature closure of FCNR (B)—
  1. In case of auto renewal, deposit should remain with Bank for a minimum period of one year else no interest is paid.
  2. 1% penal interest is charged for pre mature closure of deposits after 1 year. Conversion of NRE to FCNR (B) and vice versa before maturity attracts 1% penalty.

*other terms & conditions apply