LATEST STATE BANK OF INDIA INTEREST RATES WEF 8 JUNE 2015

Interest Rates for senior citizens in SBI enjoys 0.25 % above normal rates as mentioned above.

Premature withdrawals and pre-mature closure will be penalised by 1% in certain conditions.

In our next blogs we will post on premature closures in various banks and penalties involved. 

LATEST FCNR RATES & RFC DEPOSITS W.E.F 01/JULY/2015 | INDIA

  

    Attention to all Indian citizens & NRIs, Interest Rates on FCNR & RFC deposits have been revised w.e.f 01/07/2015. 

     Now, it has been decided to revise the interest rates on FCNR [B] deposits with effect from

    01.07.2015 as under:

                                                                                                                           (PER ANNUM)

   Further, the revised interest rates on RFC Term Deposits and RFC Saving Bank deposits w.e.f.
   01.07.2015 are as under:

Calculation of interest/maturity value on RFC term deposits is as applicable to FCNR (B) deposits, i.e. on the basis of 360 days as one year irrespective of foreign currency in which RFC deposit is denominated