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Bank Of Bahrain And Kuwait B.S.C India Operations

::: INTEREST RATES

RUPEE DEPOSITS
TENOR			RATE OF INTEREST P.A
Residents Savings Accounts interest rate ( w.e.f. 03-11-2011 )
For balance up to Rs.1 Lac			5.00
For balance above Rs.1 Lac			6.00
For Resident & NRO Deposits - Less than INR 1.5MM (wef 13/01/2012)

7 days to 14 days			6.00
15 days to 30 days			7.00
31 days to 45 days			7.00
46 days to 90 days			7.00
91 days to 180 days			7.00
181 days to 240 days			7.00
241 days to 270 days			8.00
271 days to 1 year			8.75
370 days			9.25
Above 1 year upto 2 years			9.00
500 days			9.00
Above 2 years and up to 5 years			8.00
Over 5 years			7.00

For Resident & NRO Deposits - Recurring Deposits ( Advantage Plus ) (wef 13/01/2012)
1 Year			8.75
2 Years			9.00
3 Years			8.00

Term Deposits NRE ( w.e.f. 11-01-2012)
	370 Days	12 months - below 18 months	18 months	Above 18 months - 36 months
Upto INR 20 lakhs	9.25	7.50	9.00	8.00
INR 20 lakhs and above	9.25	8.50	9.00	8.00

Balances in Savings deposit NRO and NRE : ( w.e.f. 01.01. 2012)
Upto INR 5 Lakhs			4.00
INR 5 Lakhs to below 10 lakhs			4.50
INR 10 Lakhs to below 20 lakhs			5.00
INR 20 lakhs and above			6.00

FOREIGN CURRENCY DEPOSITS (wef 01/03/2012)

			USD	GBP	EURO	AUD	JPY
1 Year and above but less than two years			2.31	3.13	2.85	6.21	1.80
2 Year and above but less than three years			1.81	-	-		-
3 Year and above but less than four years			1.93	-	-		-
4 Year and above but less than five years			2.12	-	-		-
5 Years only			2.34	-	-		-
RFC USD (Wef 01/03/2012)
1 Year			2.31

NOTE:

1) For deposits of INR 1.5 MM and above - The rates will be quoted on Daily basis
2) 1% Penalty plus swap cost of FCNR deposits for premature withdrawal. (Swap cost applicable only for deposits above USD 30,000/-)
3) No interest is payable on premature closure of FCNR deposit / NRE FD within a period of 1 year.
4) Penalty of 1% on all Resident/NRO deposits will be levied if the deposit is withdrawn prematurely.
5) No interest will be payable if the NRO FD is prematurely withdrawn before 30 days from the date of deposits.
6) 1% penalty on NRO FD if prematurely withdrawn after 30 days.
7) 1% penalty on NRE FD if prematurely withdrawn after 1 year.
8) Cumulative facility is available for all categories of Term Deposit accounts.
9) Resident Senior Citizens will be paid an additional 0.6% p.a. interest on their term deposits.
10) No interest is payable on term deposits remained with the Bank for less than 7 days.

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