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Features & Benefits
10.50% Rate of Interest
Minimum Investment Rs. 10,000/-
Tenure 21 Months
Extra 0.50% Interest for Senior Citizens
Scheme Detail
- This is a term deposit scheme for the tenure of 21 Months offers An appealing rate of interest at 10.50% p.a.(Simple), with quarterly interest payouts.
- The minimum deposit under this scheme is Rs.10,000/-, with no maximum limit.
- Benefit of Additional Interest 0.5% is applicable for Senior Citizens and Bulk Depositors (with single receipt of Rs.10 Lakhs and above).
- Premature withdrawal of deposits is permitted with a penalty of 2.5% p.a. on the applicable rate for the expired period of the deposit
Depositors can avail themselves of loans against their deposits, up to 90% of the deposit amount, with an interest rate 2% higher than the deposit rate.