We assume no obligation or liability of any nature whatsoever by issuing this document.
As such, prior professional tax advice should be sought to fully understand and appreciate the Indian tax implications. The tax consequences are also based on individual facts and circumstances. Indian tax information given herein is general and is not meant to constitute, and therefore should not be construed, as advice. Interest rates on Fixed deposits are subject to change without any prior notice.ġ Foreign exchange rate are subject to daily change In case of premature withdrawal of NRE fixed deposits, before the minimum period specified by RBI,no interest will be paid to the customer/s. In case of non-cumulative deposits, interest is paid out quarterly or half yearly as preferred by customer. In case of cumulative deposits, interest is compounded quarterly and the basis of interest calculation is 28-31/365.
The interest rates for bulk deposits of INR 1 crore or above may change at daily frequencies and you may contact your Relationship Manager/NRI Phone Banking or nearest bank branch to know the interest rate offered by the Bank While booking on-line, please note the interest rate on offer, as all interest rates are subject to change from time to time. Fixed deposits below INR 1 crore can be booked on-line.
