1. For Domestic & NRE*/NRO Retail Fixed Deposits (for amounts less than INR 2 Crore) Accordingly, the interest rates forRetail Domestic Term Deposits ‘Below Rupees Two Crore ‘have been revised.The revised interest rates are as under : ...
One can open - NRE Saving Bank a/c / Current Accounts, Fixed Deposits in Indian Rupees, Fixed Deposits in Foreign Currency and NRO accounts (Rupee accounts for crediting income in India). Further, one can authorize a resident to operate your account through a Power of Attorney or Letter of...
a) Domestic Term deposits – Where resident Indians can invest in these FD schemes. Recurring Deposit rates are almost same as term deposit rates, hence not covering separately. Also, SBI FD Rates for Senior Citizens are 0.5% higher than the normal investor. We have covered separately on this...