Rates are subject to change, without prior notice.
Annualised yield calculated on the maximum period under the respective period bucket.
For 1 year’s RFC deposit, simple Interest is applicable.
For RFC Deposit above 1 year, Interest is compounded at half yearly frequency
Premature withdrawals of RFC Account:
No interest is payable, if the deposit is withdrawn before one year.
If the deposit is withdrawn after completion of one year, the interest paid shall be 1.00 % below the rate applicable for the period deposit has remained with the Bank or 1.00 % below the contracted rate, whichever is lower.
Above interest will be paid at the rate available on the date of deposit.