RBI Update - Non-Callable Deposits - Master Direction on Interest Rate on Deposits

It has been decided that the minimum amount for offering non-callable TDs may be increased from Rupees fifteen lakh to Rupees one crore i.e., all domestic term deposits accepted from individuals for amount of Rupees one crore and below shall have premature-withdrawal-facility and These instructions shall also be applicable for Non-Resident (External) Rupee (NRE) Deposit / Ordinary Non-Resident (NRO) Deposits. These instructions shall come into force with immediate effect Link - View Circular