SBI Commercial and International
Bank Ltd.
Mumbai
NRI DEPOSIT SCHEMES
INTEREST RATES W.E.F. 18TH FEBRUARY, 2002
LAST UPDATED
ON 11TH MARCH, 2002
FCNR DEPOSIT SCHEME (W.E.F. 21.1.2002) Rate Of Interest : % p.a
| PERIOD | US DOLLARS | STG. PDS. | J. YEN | EURO |
| 1 year to <2 years | 1.60 | 3.75 | 0.05 | 2.75 |
| 2 years to 3 years | 2.25 | - | - | - |
* DIFFERENTIAL
RATE OF INTEREST FOR ALL MATURITIES W.E.F 27.8.2001:-
* Single deposit equivalent of US$ 30,000 & above (in any
currency) : Daily Fixation
PENAL RATE PROVISION FOR PREMATURE WITHDRAWALS OF FCNR DEPOSITS
| Penal rate of 1% will be
charged on premature withdrawal of deposits for all maturities. Differential rates will not be applicable for premature withdrawal. |
NON RESIDENT (EXTERNAL) [NRE] DEPOSITS W.E.F. 18.2.2002
| PERIOD | RATE OF INTEREST % P.A. | YIELD % P.A. |
| 6 months & less than 1 year | 7.75% p.a. | 7.97% p.a. |
| 1 year & upto 3 years | 8.25% p.a. | 9.25% p.a. |
* DIFFERENTIAL RATES OF
INTEREST ON NRE TERM DEPOSITS W.E.F.
21.1.2002:-
* On a single deposit of
Rs. 15 lakhs & above upto Rs.1.00 crore :
0.25 % p.a.
* On a single deposit of Rs. 1.00 crore & above, for any
maturity
: Daily Fixation
NON RESIDENT (NON-REPATRIABLE) [NRNR] RUPEE DEPOSIT W.E.F. 18.2.2002
| PERIOD | RATE OF INTEREST % P.A. | YIELD % P.A. |
| 6 Months to 1 year | 7.75% p.a. | 7.97% p.a. |
| Above 1 year upto 3 years | 8.25% p.a. | 9.25% p.a. |
* DIFFERENTIAL RATE OF
INTEREST ON NRNR TERM DEPOSITS W.E.F.
10.12.2001,
for all maturities:-
* On a single deposit of Rs. 15 lakhs &
above upto Rs 1 crore
:
0.25 % p.a.
* On a single deposit of Rs. 1.00 crore & above, for any
maturity
: Daily Fixation
| NRE SAVINGS (W.E.F. 1.4.2000) |
4.00 % P.A |
PENAL RATE PROVISION FOR PREMATURE WITHDRAWALS OF NRE & NRNR DEPOSITS
|
* THE CUMULATIVE YIELD IS FOR THE MAXIMUM PERIOD IN EACH
SLOT.
RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE