Mumbai, Oct 25 : The RBI has raised, with immediate effect, the minimum amount for offering non-callable term deposits (those with premature withdrawal facility) by banks to individuals from Rs 15 lakh to Rs 1 crore, a move aimed to benefit customers. The RBI issued a master direction to banks on Thursday, stating that all domestic term deposits accepted from individuals for amount of Rs 1 crore and below shall have premature withdrawal facility. Earlier the non-withdrawal clause was applicable to term deposits of Rs 15 lakh level.This will make it easier for bank customers to withdraw their funds in times of need. The RBI has further stated that these instructions shall also be applicable for Non-Resident (External) Rupee (NRE) Deposit / Ordinary Non-Resident (NRO) Deposits. The circular is applicable to all Commercial Banks and Co-operative Banks and the instructions shall come into force with immediate effect, the RBI said. /IANS