Development Credit Bank | Interest rates at a glance

Non Residential (External) Term Deposit (with effect from 1st April, 2013 )
Term	Deposit Interest Rate (percent per annum) - NRE Rupee Term deposits
Term	Single Deposit of less than Rs 100 lacs:
12 months to less than 13 months	8.75%
13 months	9.00%
More than 13 months to 24 months	8.75%
More than 24 months to 36 months	9.30%
More than 36 months to 120 months	8.75%
Important Terms and Conditions 1. Rates of Interest are subject to revision without notice 2. Bank Treasury approval is required for "interest rate quotes and booking" for single deposit of Rs 1 crore and above 3. There is no additional benefit to NR Senior Citizen 4. If a deposit is withdrawn before 1 year term, no interest will be payable 5. For premature withdrawals of deposits (for single deposit of less than Rs100 Lacs), Bank will pay 0.5% lower from the rate as applicable for the tenure deposit was held with the Bank 6. For premature withdrawals of deposits (for single deposit of Rs100 Lacs and above), Bank will pay 2% lower from the rate as applicable for the tenure deposit was held with the Bank

Foreign-Exchange rate schedule for spot transactions (valid for transactions upto Rs. 2,50,000.00 equivalent in any currency . Rates updated on 24-05-2013)
		TT		Bills		TC		CN
Units	Currency	Sell	Buy	Sell	Buy	Sell	Buy	Sell	Buy
1	USD	55.79	55.29	55.90	55.23	56.65	53.50	56.65	53.50
1	EUR	72.49	71.06	72.61	70.98	73.00	68.45	73.00	68.45
1	GBP	84.39	83.14	84.56	83.05	85.00	80.55	85.00	80.55
100	JPY	54.77	53.96	54.88	53.90	55.25	51.45	55.25	51.45
1	CHF	57.68	56.82	57.79	56.76	58.05	54.40	58.05	54.40
1	DKK	9.70	9.56	9.72	9.55	0	0	0	0
1	NOK	9.60	9.45	9.62	9.44	0	0	0	0
1	SAR	15.11	14.52	15.14	14.51	0	0	0	0
1	AUD	54.19	53.12	54.28	53.07	54.70	51.25	54.70	51.25
1	CAD	54.17	53.36	54.27	53.31	54.70	50.50	54.70	50.50
1	AED	15.24	15.02	15.27	15.00	0	0	0	0

Foreign Currency Deposit Interest Rates (FCNR Deposit Interest Rates valid from 1st May, 2013 )
Currency	1 yr & above but less than 2 yrs	2 yrs & above but less than 3 yrs	3yrs
USD	2.70%	2.36%	3.45%
GBP	2.89%	2.59%	3.65%
EUR	2.40%	2.39%	3.48%
CAD	3.76%	3.29%	4.36%
AUD	5.51%	4.78%	5.92%
* Interest rates are subject to change from time to time. Applicable rates will be given as on the date of receipt of the funds by the bank

Penalty for Premature Closure of Deposits
Size of Deposit	7 - 13 days	14 - 29 days	30 days & above
Less than Rs 1 crore	No Interest	0.50% less than the applicable rate	0.50% less than the applicable rate
Rs 1 crore and above	No Interest	No Interest	2% less than the applicable rate