MODEL 500 SCHEME

This is a Term Deposit investment that can be held for 500 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 /-

INTEREST RATE *  : 8.25 % p.a.  (8.60 % p.a. for Senior Citizens and 8.75 % for bulk deposits)

 

TERM DEPOSIT INTEREST RATES (w.e.f.  01.08.2019)

 

Term deposits General Public Sr. Citizen Bulk
7 to 29 days 4.00 4.00 4.00
30 days 5.25 5.50 5.50/(5.75 for 1 crore and above)
31 days to 89 days 5.25 5.50 5.25
90 days scheme 5.75 6.00 6.00
91 days to 180 days 5.75 6.00 5.75
FDR 181 days to Below 1 year 6.25 6.50 6.25
(QRIP) 12 months 7.50 7.75 7.75
(QRIP) above  12 upto 36 months 7.00 7.25 7.50
MIP 12 months 8.00 8.50 8.50
(MIP/QIP) 12 months upto 36 months 7.00 7.25 7.25
(MIP/QIP/QRIP) above 36 months upto 60 months 7.25 7.50 7.50
(RD/MRD) 1 Year to 3 Years 7.00 7.25 7.00
(RD/MRD) above 3 Years to 5 Years 7.25 7.50 7.25
M1000 days 7.25 7.50 7.50
Model 365 days 8.00 8.50 8.50
Model 500 days 8.00 8.50 8.50
6 months deposit scheme 6.50 7.00 7.00

 

 

*Conditions Apply

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  Tele Fax: 26656079

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