Term Deposit in nature with an option of interest payment at monthly/ quarterly/ half yearly intervals or cumulative type.
3
Rate of Interest
The deposits under the Scheme will attract interest at the rate of 6.50 %. Additional interest of 0.50% to Senior Citizens, 1% to staff and 1.50% to Senior Citizen retired staff will be paid.
(*The rate of interest will be change from time to time as per ALCO direction.)
4
Period of Deposit
The Deposit will be accepted for a fixed period of 333 days.
No deposit will be accepted under the scheme for a longer or shorter period.
5
Deposit Amount
Minimum amount ₹10,000 and Maximum amount of ₹10 Crore.
6
Digital Choice
The product can also be opened through online/Net Banking/Mobile Banking.
The deposit is allowed for Resident only.
Other remaining term and conditions are applicable as per existing guidelines.
For more information please contact our nearest Branch.
Disclaimer
The contents of this website have been translated from English version using indigenously developed model by the Digital India BHASHINI Division generated using artificial intelligence (AI) and Machine Learning (ML) technologies. While efforts are made to ensure accuracy, these results may not always be precise, contextually appropriate, or free of error. For all legal and contextual purposes users may refer to the original English version.
As the translated content is AI generated, any suggestions for improvement of this content are solicited.
