Special Recurring Deposits
Interest Rates on special recurring Deposits
Period |
Revised Interest Rate | Revised Interest Rates (Senior Citizen) |
12 Months to less than 36 Months |
6.80% | 7.30% |
24 months to less than 36 months | 7.00% | 7.00% |
36 months to less than 60 months |
6.50% | 7.50% |
Term & Conditions
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Citizen who attains the age of 60 years and above shall be treated as Senior Citizen.
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Ensure the AGE PROOF for those availing facility of higher interest in Senior Citizen category.
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No joint account in the case of Senior Citizens except husband & Wife.
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Extra interest of 1 % shall be paid to staff & additional rate of Senior Citizen shall be paid extra to staff eligible for senior citizen benefit.
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On Loan against Bank’s own Deposit as under :
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If loan raised by the depositors himself/herself 1 % extra interest shall be applicable.
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If loan raised by a person on third party deposit 2 % extra interest shall be applicable.
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