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. 01.09.2018)
|
Term Deposit Period |
*Rate of Interest(%) |
|
7 days to 29 days (Minimum amount should be ₹ 5.00 lacs) |
4.00 |
|
30 days |
5.50 |
|
31days to 89 days |
5.50 |
|
90 days |
6.00 |
|
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) |
7.75 |
|
M1000 – (1000 days) |
7.50 |
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.