Exim Bank of India

Exim Bank of India Fixed Deposit interest rate up to 9.00% p.a.

exim bank Exim Bank of IndiaCompany Profile

The Export-Import Bank of India (Exim Bank) was established by an Act of Parliament known as the Export-Import Bank of India Act 1981 and commenced operations in March 1982. Exim Bank is wholly owned by the Government of India. Exim Bank was set up for providing financial assistance to exporters and importers and for functioning as the principal financial institution for coordinating the working of institutions engaged in financing export and import of goods and services with a view to promoting the country’s international trade.

It has a high-powered Board of Directors comprising: A Deputy Governor of Reserve Bank of India, Chairmen of IDBI, ECGC, Representatives of the Ministries of Finance, Commerce, Industry, External Affairs and Planning, Chairmen of scheduled banks and professionals from trade and industry.

The Bank is no longer merely an export finance source, but is involved in creation of export capabilities.

CRISIL – FAAA

ICRA – MAAA

FITCH – TAAA

Who can apply / invest?

Resident Individual / HUF/ Sr. Citizen / Firm / Societies.

General Terms & Conditions

1] Non-Cumulative Scheme – Interest shall be payable half-yearly on the 1st April and 1st October in each year and at maturity.

2] Cumulative Scheme – Interest shall be compounded quarterly paid on maturity.

3] Minimum amount of deposit to be accepted is Rs. 10,000/- and thereafter in multiples of 1,000/-.

4] Additional 0.50% p.a. for Senior Citizens and Disabled Persons.

5] Nomination facility is available.

6] Interest payment will take place through ECS/Post Dated cheques.

7] Fixed Deposit Receipt(FDR) will be dispatched directly to the depositor by registered post /courier service at the address provided in the application form within 08(eight) weeks or such extended period as may be decided by Company, from the date of DD/cheque realisation.

Important Information (Instructions)

Attach following document along with the application form: –

1] Self attested copy of PAN Card and address proof (all the applicants in case of joint application).

2] Stick Passport size photograph of sole applicant on application form.

3] Signature of all applicants on the application form.

4] At par A/c Payee Cheque / DD (payable at Pune) should be drawn in favour of “Exim Bank Term Deposit Account”.

5] One cancelled cheque (for ECS).

6] Send your application form on our address.

7] The Acknowledgement copy will be sent by Email / Post.

8] Keep photocopy of application form for your record.

9] Free Home Service is available.*

For Renewal of Deposit

Send us below mentioned documents along with the Original FDR

1] Stick Rs. 1 Revenue stamp on the back side of fixed deposit receipt and across Signed by all depositors.

2] Signature of all applicants on the application form.

3] Self attested copy of PAN Card and address proof (all the applicants in case of joint application)

4] One cancelled cheque/copy of cheque (for ECS).

Interest Rates (%)

Exim Bank of india Fixed Deposit Cumulative Scheme

Period
Amount (In Rs.)
Interest Rate (%)
Maturity Amount
Yield (%)
12 Months10,000/-8.75%10,904/-9.04%
24 Months10,000/-8.75%11,890/-9.45%
<< 36 Months10,000/-8.75%12,965/-9.88%
36 Months >>10,000/-9.00%13,060/-10.20%
48 Months10,000/-9.00%14,276/-10.69%
60 Months10,000/-9.00%15,605/-11.21%
Note:
Additional rate of 0.50% p.a. for Sr. Citizens and Disabled Person.


Exim Bank of india Fixed Deposit Non-Cumulative Scheme (Half-Yearly Income)

Period
Amount (In Rs.)
Interest Rate (%)
Maturity Amount
12-36 Months10,000/-8.75%10,000/-
36-60 Months10,000/-9.00%10,000/-
Note:
Additional rate of 0.50% p.a. for Sr. Citizens and Disabled Person.

1 comment

Leave a Reply

Your email address will not be published. Required fields are marked *


*