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Rate of Interest for GBP & EURO Fixed Deposits

Rate of Interest on GBP & Euro Currencies = 100 basis points Over respective LIBOR Rates of GBP/EUR for the desired period (w.e.f. 28.09.2016)

Premature Withdrawals (GBP & EURO Fixed Deposits)
 
S/N Period of Deposit Premature withdrawal Interest payment, Penal interest etc on premature withdrawal
1 30 Days to less than 3 months Allowed

♦ No Interest will be payable, if deposit continues for less than 30 Days.

♦ A penal interest of 0.50% (50bps) will be deducted on the rate of interest applicable for the period; the deposit has actually remained with the Bank from the date of deposit (for the period of 30 days & above).

2 3 months & above Allowed

♦ No Interest will be payable, if deposit continues for less than -60- days.

♦ A penal interest of 0.50% (50bps) will be deducted on the rate of interest applicable for the period; the deposit has actually remained with the Bank from the date of deposit (for the period of 60 days & above).