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Minimal period to own making the interest to your NRE Repeating Put are 1 year. A) The interest rate on the unique/contracted period where the newest deposit could have been set aside Otherwise b) The base speed applicable for the period in which the fresh deposit has been in force to the Lender FCNR Places (if any) stored from the Going back NRI during the NRI tenure was revived because the RFC places susceptible to revival tips getting handled up against the FCNR Deposit opened through the NRI tenure. That is provided their RFC FD desire is the same as 1% or higher. Kindly browse the cost ahead of scheduling the new FCNR Fixed Deposit.
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How much could possibly be the minimum period of one’s bank fixed deposit?
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