Scribd Logo
Upload

Welcome to Scribd!

  • Revision of Interest Rates On Usd Deposit Accounts: Existing Proposed

    Uploaded by

    mike
    5 views1 page
    The bank is revising interest rates on US dollar savings accounts and fixed deposits effective October 1st, 2013. Interest rates on fixed deposits between 3 months to 6 months will be reduced to 0%, and rates on longer term fixed deposits from 6 months to 3 years will be lowered by 0.25-0.5%. Interest on savings accounts will be decreased from 1.5% to 1%. Additionally, minimum term for USD fixed deposits will increase to 6 months starting October 1st.

    Original Description:

    Web USD Int Rates

    Original Title

    Web USD Int Rates

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The bank is revising interest rates on US dollar savings accounts and fixed deposits effective October 1st, 2013. Interest rates on fixed deposits between 3 months to 6 months will be reduced to 0%, and rates on longer term fixed deposits from 6 months to 3 years will be lowered by 0.25-0.5%. Interest on savings accounts will be decreased from 1.5% to 1%. Additionally, minimum term for USD fixed deposits will increase to 6 months starting October 1st.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    5 views1 page

    Revision of Interest Rates On Usd Deposit Accounts: Existing Proposed

    Uploaded by

    mike
    The bank is revising interest rates on US dollar savings accounts and fixed deposits effective October 1st, 2013. Interest rates on fixed deposits between 3 months to 6 months will be reduced to 0%, and rates on longer term fixed deposits from 6 months to 3 years will be lowered by 0.25-0.5%. Interest on savings accounts will be decreased from 1.5% to 1%. Additionally, minimum term for USD fixed deposits will increase to 6 months starting October 1st.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    REVISION OF INTEREST RATES ON USD DEPOSIT ACCOUNTS

    It has been decided to revise our interest rates on US Dollar Savings Bank Accounts & Fixed
    Deposits w.e.f. 1st October, 2013 as under:-

    Interest Payable on Fixed Deposits Existing Proposed

    3 months & above but less than 6 months 2.00% NIL

    6 months and above but less than 1 year 2.50% 2.00

    1 year and above but less than 2 years 3.25% 2.75

    2 years and above but less than 3 years 3.50% 3.00

    Interest Payable on SB Accounts 1.50% 1.00

    Further, USD fixed deposits will be accepted for a minimum period of 6 months w.e.f. 01/10/13. All our
    customers are requested to take note of revision in interest rates on USD deposit accounts to be
    applicable from 01/10/13. There is no change in case of MVR deposit accounts.

    Country Head & CEO

    You might also like