- There is no maximum ceiling
- The minimum period is 6 months and maximum is 10 years
- Interest is quaterly compounded
- Penalty for closure within 6 months:
- The depositor should opt for specified amount of monthly instalments subject to minimum amount. Amount once opted cannot be altered by the depositor.
- Penalty for closure within 6 months:
Rs.10/- where the balance outstanding is less than Rs.100/-
Rs.20/- where the balance outstanding is between Rs.100/- to Rs.1000/-
Rs.50/- where the balance outstanding is more than Rs.1000/-
Prevailing Interest rates are as follows:
Interest Rates on Domestic Term Deposits
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