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| Interest rates on Foreign Currency deposit being accepted by OBU has been reviewed and it has been decided that OBU will offer the following interest rates on USD, GBP & EUR deposits with effect from 01st Jan 2012 (Subject to change) |
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(Percent
per Annum)
|
|
|
Period
of Deposit |
US
Dollars |
|
1
|
15 days |
0.24** |
|
2 |
1
Month |
0.29** |
|
3 |
2 Months |
0.43** |
|
4 |
3 Months |
0.58** |
|
5 |
Above
3 Months upto 6 months |
0.83 |
|
6 |
Above 6
Months to less than 1 year |
1.56 |
|
7 |
1
Year to less than 2 Years |
2.63 |
|
8 |
2
Years to less than 3 Years |
2.25 |
|
9 |
3
Years to less than 5 Years |
2.36 |
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|
Period
of Deposit |
GB Pound |
|
1
|
15 days |
0.66** |
|
2 |
1
Month |
0.77** |
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3 |
2 Months |
0.88** |
|
4 |
3 Months |
1.08** |
|
5 |
Above
3 Months upto 6 months |
1.33 |
|
6 |
Above 6
Months to less than 1 year |
2.12 |
|
7 |
1
Year to less than 2 Years |
3.13 |
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8 |
2
Years to less than 3 Years |
2.59 |
|
9 |
3
Years to less than 5 Years |
2.62 |
| |
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|
Period
of Deposit |
EURO |
|
1
|
15 days |
0.69** |
|
2 |
1
Month |
0.99** |
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3 |
2 Months |
1.12** |
|
4 |
3 Months |
1.30** |
|
5 |
Above
3 Months upto 6 months |
1.55 |
|
6 |
Above 6
Months to less than 1 year |
2.32 |
|
7 |
1
Year to less than 2 Years |
3.16 |
|
8 |
2
Years to less than 3 Years |
2.57 |
|
9 |
3
Years to less than 5 Years |
2.64 |
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** Deposit in currency of
USD, GBP,
EURO applicable
only if
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amount is USD
250000.00 or equivalent. |
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Minimum Deposit Amount –
USD 5,000 or its equivalent. |
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Premature withdrawal of
deposits permitted with penalty of 0.50%. |
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Half Yearly
compounding of interest. |
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Tax Deductable at Source as
per rules. |
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Deposits are at fixed rate of
interest. |
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Additional interest can be
considered on single deposit of USD 1 Million and above. |
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Please confirm above rates of
interest before placing the deposits. |
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