Monthly/Quarterly Interest Pay Out

Scheme with interest payable on monthly/quarterly basis

Key Features

  • Interest payment on monthly/quarterly basis
  • Flexible tenure with minimum period of 12 months and maximum up to 120 months.
  • Auto Renewal facility available
  • Nomination facility
  • Higher ROI for Senior Citizens
  • Loans or Overdraft facility available against deposit up to 90%
  • Deposit insured by the DICGC
  • Premature withdrawal allowed with penalty of 0.50 %

Requirements

  • KYC Documents as per RBI guidelines

Eligibility

  • Individual (single/joint), Minor by guardian, Organizations

ROI W.E.F 01.08.2021

  • Duration
    General
    Senior Citizen
  • 12 months to 24 months
    5.75
    6.25
  • Above 24 months and up to 36 months
    5.75
    6.25
  • Above 36 months and up to 60 months
    5.75
    6.25
  • Above 60 months and up to 120 months
    6.00
    6.50
Important to note:

TDS will be applicable as per Income Tax act 1961.
Form 15H/15G required to be submitted for exemption of TDS

Download

Deposit FormForm 15HForm 15G