QUARTERLY INCOME PLAN

Quarterly Income Plan are excellent investment opportunities for depositors who do not have a fixed income and can earn interest on a quarterly basis, as the case may be. The interest provided is credited directly to the depositor’s savings account with the bank.

 

 

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

 * Conditions Apply

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

* 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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