In case you require a bulk amount in future to meet your financial needs like children’s higher education, their marriage etc., open an account under Cumulative Deposit Scheme and earn higher interest on the quarterly compounding basis.
Period: 6 months to 120 months
|ID||Period||Individual Interest Rate||Institution Interest Rate|
|3||3 Months to less than 6 months||8.5%||7%|
|4||6 Months to less than 1 year||9%||8%|
|5||1 Year to 10 years||9.25%||8.5% (8.6% for renewal)|
- Principal Amount with up to date interest shall be paid on the maturity date.
- Depositor can take loan from 90% of the deposited amount by paying 2% over the deposit rate.
- Premature Withdrawal Facility.
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