Term |
Rate Of Interest Per Annum |
1 – 2 YEARS |
10.25% |
270 days – Below 364 days |
8.5% |
180 days – Below 270 days |
8% |
90 days – Below 180 days |
7.5% |
30 days – Below 90 days |
6.5% |
- If you opt for Monthly interest pay-out, then you will get 9.5% p.a.
- If you opt for Quarterly interest pay-out, then you will get 9.75% p.a.
* Conditions apply. 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 (monthly & quarterly interest payout), the rate of interest will be calculated as per the table above and the extra interest paid will be deducted from the FD amount.
Ex: Suppose customer did a FD for 1 year, the rate of interest is 9% p.a. (monthly interest payout). After sum days, he came and gave a request for pre-closure, the interest will be calculated as 5% p.a. and the extra interest paid will be deducted from the FD amount.