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Terms & Conditions*

Features & Benefits

Interest Rate 10.00% (Simple)

Minimum Investment Rs. 10,000/-

0.50% Extra for Senior Citizens

Term of Deposit 13 Months

Scheme Detail

  • This is a term deposit scheme for the tenure of 13 Months offers An appealing rate of interest at 10.00% (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) and effective rate will be 10.50% p.a.
  • 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.