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>> Interest on RFC-SB
Interest on RFC-SB
Rate of Interest on RFC (SB)
With effect from 26.05.2003, RFC (SB) Interest rate and Penal Interest rates are being revised as under.
S.No.
Scheme
Currency
Our Existing Rate
Proposed Rate
1
RFC (SB)
All Currencies
1.00%
0.50%
Penal Interest on deposits withdrawn prematurely before completion of one year
All the Currencies
1.00%
0.50%
Deposit withdrawn prematurely before completion of 1 year
No Interest Payable
No Interest Payable
All Other Terms and Conditions Remain Unchanged
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