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Features & Benefits
Interest Rate 9.50%
Tenure 13 Months
0.50% Extra for Senior Citizens
Minimum Investment Rs. 10,000/-
Scheme Details
- This is a term deposit scheme for the tenure of 13 Months offers An appealing rate of interest at 9.50% p.a. (Simple), with quarterly interest payouts
- Minimum Deposit Amount: The minimum deposit under this scheme is Rs.10,000, with no maximum limit
- Senior citizens are eligible for an additional interest rate of 0.50% 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.