However, interest shall be paid at the rate applicable for the period deposit has remained with the Bank. No premature penalty for the deposit withdrawn after completion of one year.No interest is payable, if the deposit is withdrawn before one year.Premature withdrawals of FCNR (B) Deposits : For FCNR (B) deposit above 1 year, Interest is compounded at half yearly frequency.For 1 year’s FCNR (B) deposit, simple Interest is applicable.Annualised yield calculated on the maximum period under the respective period bucket.Rates are subject to change, without prior notice.* Rates are subject to change, without prior notice * Annualised yield at the end of the period. FOREIGN CURRENCY NON-RESIDENT DEPOSITS (FCNR(B)) (% P.A.) w.e.f.
