The Non Withdrawable Deposit is offered for amount 5 crore and above only.The deposit will be booked with maturity instruction as ‘Do Not Renew’.
The minimum tenor for NRE deposit is 1 Year. Any interest credited or paid upto the date of such premature closure will be recovered from the deposit. However, the Bank may allow premature withdrawal of these deposits in the exceptional circumstance such as in the event of any direction from any judiciary /statutory and / or regulatory authorities or deceased claim settlement cases.
the Fixed Deposits cannot be closed by the depositor before expiry of the term of such deposit. 2) Simple interest is paid at maturity for deposits =5.25ĥcrore=5.25 crore =5.50 crore =24.75 crore to = 25crore to = 50crore to = 75crore to = 100crore to = 150crore to = 200 crore
