[STC-Salt Lake] Change of Interest Rates on FCNR & Rfc Accounts wef 11-5-2004
- From: "Anup Sen, Salt Lake City, Kolkata" <anupsen@xxxxxxx>
- To: E-Group <stcsaltlake@xxxxxxxxxxxxx>
- Date: Tue, 11 May 2004 21:22:44 +0530
From : E-Group, STC, Salt Lake, Kolkata
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|
Change
of Interest Rates on FCNR & RFC Accounts
Wef
11th May 2004
|
|
|
|
|
FCNR (
FOREIGN CURRENCY NON-RESIDENT DEPOSITS)
|
(W.E.F 11th
May 2004) % p.a
|
|
|
Maturity
Period
|
US$
|
EURO
|
GBP
|
|
A
|
1 Yr
& above but less than 2 yrs
|
1.63
|
2.03
|
4.65
|
|
B
|
For
Deposits for 2 Yr & above but less than 3 yrs
|
2.75
|
2.51
|
4.93
|
|
C
|
For
Deposits for 3 yrs only
|
3.40
|
2.93
|
5.05
|
The revised
interest rates are applicable only on fresh deposits and renewals of maturing
deposits.
Reinvestment Plan wef 11th May 2004
|
|
|
|
(Maturity amount for
Rs.100.00)
|
|
(Interest is calculated on 360 days
in a year basis)
|
|
|
PERIOD
|
US
$
|
YIELD
|
EURO
|
|
YIELD
|
|
GBP
|
YIELD
|
|
|
|
|
MAT.AMT.
|
|
MAT.AMT.
|
|
|
|
MAT.AMT.
|
|
|
|
|
12 ms
|
101.6300
|
1.6300
|
102.0300
|
|
1.9900
|
|
104.6500
|
4.6500
|
|
|
|
24 ms
|
105.6145
|
2.8072
|
105.1153
|
|
2.4746
|
|
110.2306
|
5.1153
|
|
|
|
36 ms
|
110.6435
|
3.5478
|
109.1183
|
|
3.0394
|
|
116.1392
|
5.3797
|
|
|
RFC
Interest
Resident Foreign currency A/C (RFC) in US $
With effect from11th May 2004
|
Period (Months)
|
Rate (% p.a.)
|
Minimum Deposit in US ($)
|
|
1 year and
above but less than 2 years
|
1.40
|
1,000
|
|
2 years and
above but less than 3 years
|
1.55
|
1,000
|
|
3 years
only
|
1.65
|
1,000
|
|
NOTE: All these interest rates are subject to change, without
notice .
|
|
The revised interest rates are applicable only on fresh deposits
and renewal of maturing deposits.
|
|
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