For deposits in currencies other
than JPY, there is a potential risk of loss arising
out of fluctuations in currency values.
Terms and Conditions
These interest rates will be valid for
the current week only and are subject to
change without prior notice. However, for existing
deposits contracted rates will continue to be valid
till maturity of the deposit.
Minimum Period
The minimum period the deposit would be
kept is one month
Minimum Amount
The minimum amount is USD 5,000/ EURO
3000/ GBP 2500/ JPY 1 million
Premature Payment
Premature payment will attract a penalty
of 0.50% for JPY Deposits and 1.00 % for
other deposits. Subject to review.
Roll over
The deposits will be rolled over at the
end of maturity period for the same amount
and for the same period unless otherwise
instructed
Loans
Overdrafts may be allowed against the
fixed deposits subject to the Bank’s usual
guidelines etc
Withholding tax
As per local regulations, withholding tax
is deductible on the interest before payment
at the applicable rates, unless exempted
according to the law.
Insurance
Deposit insurance scheme does not cover
the deposits made with our branch
Ordinary Deposit in Japanese Yen
Amount in JPY
Rate of Interest (%p.a.)
For balance of JPY 10 million but below JPY 50 million
0.20
JPY 50 million but below JPY 100 million
0.40
For balance of JPY 100 million and above*
0.60
(* Special rates on case to case basis will be offered) NOTE : Interest on Ordinary Deposit is payable on 28th February and 31st August every year
As per local regulations, withholding tax
is deductible on the interest before payment
at the applicable rates, unless exempted
according to the law.
Deposit insurance scheme does not cover
the deposits made with our branch
