Premature withdrawal of FCNR (B) Deposit:

• FCNR (B) deposit with original tenor of 12 months to < 36 months:
  
  
  • Before completion of 12 months: No interest will be payable and no penalty will be levied.
  • After completion of 12 months: On premature withdrawal of the deposit, Interest shall be paid at the rate applicable, on the date of deposit booking, to the amount and period for which the deposit remained with the bank and no penalty will be levied
    
    
• FCNR (B) deposit with original tenor of >= 36 months to <= 60 months:
  
  
  • Deposits shall be subject to a lock-in period of 12 months
  • If such deposit is prematurely withdrawn after completion of the lock-in period, including partial withdrawal, interest shall be paid at the rate applicable, on the date of deposit booking, to the amount and period for which the deposit remained with the bank, less 1% penalty
• Important Update: Effective Jun 01, 2023, FCNR (B) Deposits will not be offered in HKD. Existing FCNR (B) Deposits booked under HKD which are due for auto-renewal will not be auto-renewed. Please contact your Relationship Manager or call our Customer Care and submit instructions for maturity credits.