Term |
Rate Of Interest Per Annum |
3 years & above |
10% |
2 years |
9.5% |
1 years |
9% |
*0.50% p.a. extra for senior citizens/physically challenged/ex-service men/widow/single parent(woman)
Terms of Pre-closure:
In case of pre-closure, the rate of interest will be calculated as per the table above
Ex 1: Suppose customer did a RD for 1 year, the rate of interest is 9% p.a. After some months,If customer gives request for pre-closure, the interest will be calculated as 5% p.a. (normal savings interest rate).
Ex 2: Suppose customer did a RD for 2 years, the rate of interest is 9.5% p.a. After 1 year,If customer gives request for pre-closure, the interest will be calculated as 9%p.a.