Nov 12, 2009

Exim Bank - Fixed Deposits - Revision of Interest Rate

EXIM BANK Announces the revision in Intrest Rates of Fixed Deposit with effect from 12th Nov'09.The new intrest rates will be as follows.

Period

Upto and Inclusive of Rs 1 Cr*

Above Rs 1 Cr#

12 to less then 36 months

6.75% p.a.

5.25%p.a.

36-60 Months

7.50%p.a.

6.00%p.a.


. 


# Subject to prior consent of Exim Bank. 
*The above rates are applicable for Individual and NRIs (on non-repatriable basis) who are citizens of India, HUFs,Army Group Insurance and Army / Defence  regiment Funds, reputed education/research institutions,  PF/Superannuation Fund Trust who are eligible to invest in term deposit of public financial institutions.    


Senior Citizens and physically challenged persons are eligible for additional interest at 0.50% p.a for 12-60 months deposits. 

Note: 
The above rates are not applicable for Corporates, Trusts and other categories. Interest rate for corporates and Trusts  are  quoted separately  depending on markets conditions and Exim Bank's requirements.


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