USD- No penalty for individual deposit below USD 1 million.
EURO- No penalty for individual deposit below EURO 1 million.
GBP- No penalty for individual deposit below GBP 750,000.
JPY- No penalty for individual deposit below JPY 125 million.
AUD- No penalty for individual deposit below AUD 1.5 million.
CAD- No penalty for individual deposit below CAD 1.5 million.
For RFC Deposits qualifying for no penalty as mentioned above, interest rate shall be prevailing as on the date of deposit, as applicable for the period the deposit has remained with the bank or the contracted rate, whichever is lower
For RFC Deposits qualifying for penalty as mentioned above, interest rate shall be 1% below the card rate prevailing as on the date of deposit, as applicable for the period the deposit has remained with the bank or 1% below the contracted rate, whichever is lower