Fixed Deposit Rates in EXIM Bank

Request for premature withdrawal of deposit before completion of one year due to death of depositor, medical exigencies, educational expenditure and other such reasons will only be considered . However no interest will be paid for withdrawal before six months.In the event of premature withdrawal of a deposit between 6 months and 1 year the rate at which interest shall be payable on such deposit will not exceed the savings bank rate as specified by RBI for scheduled commercial banks. Beyond one year applicable reduction will be made from the agreed interest rate on account of premature withdrawal. In the case of premature withdrawal of deposit under Non-cumulative Interest Option, the excess amount, if any, being the difference between the amount of interest already paid at the rate stated in the Term Deposit Receipt and interest payable at the above applicable reduced rate owing to premature withdrawal, shall be deducted by Exim Bank from the principal amount of deposit and the resultant balance amount shall be paid by Exim Bank to the depositor(s)/person(s) entitled thereto. Similarly, for premature withdrawal of deposit under Cumulative Interest Option, the maturity value of the deposit will be recalculated on the basis of the applicable interest rate and the revised maturity value shall be paid by Exim Bank.