This is a Term Deposit investment that can be held for 1000 days, where the depositor can get interest on a quarterly basis by way of credit to his Savings account. Investments can be made for minimum amount of Rs. 10,000 /- and in multiples of Rs.1,000/- thereafter.

 

 

TERM DEPOSIT INTEREST RATES (w.e.f.  01.08.2017)

Term Deposit Period

*Rate of Interest(%)

7 days to 29 days

(Minimum amount should be ₹ 5.00 lacs)

4.00

30 days

5.25

31days to 89 days

5.50

90 days

5.75

91 days to 180 days

5.90

181 days to 364 days

6.50

12 Months to 36 Months

7.00

37 Months to 60 Months

7.25

MODEL – 365 (12 Months)

7.30

M1000 – (1000 days)

7.25

Recurring Deposits
 

 1 year to 3 years

7.00

 3 year to 5 years

7.25

 * Additional rate of interest @ 0.25% to Senior Citizens (except for 7 days to 29 days) * Conditions Apply

* Additional rate of interest @ 0.25%  on term deposits for 1 year and above for single bulk deposits of ₹ 15 Lacs and above (except for senior citizen who are entitled for senior citizen benefits).

* KYC Documents such as Residence Proof, ID Proof, PAN Card is compulsory as per RBI Guidelines.

Administrative Office

501, Central Plaza, 166 C S T Road, Kalina, Santacruz (East), Mumbai 400 098.

Tel No: 26656076 / 77 / 78 Tele Fax: 26656079

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