SHORT TERM DEPOSIT

Short Term Deposit is an excellent investment avenue that an account holder can use to park his funds for a short tenure, namely, 30 days. The interest receivable on this deposit is added to the principle and the total amount is automatically renewed for a further period of 30 days. The STD Receipt is issued for 12 maturity dates and the account holder has the option of withdrawing the deposit at any time whilst retaining the right of earning interest during each extended period of 30 days.

 

TERM DEPOSIT INTEREST RATES (w.e.f.  01.04.2017)

Term Deposit Period

*Rate of Interest(%)

7 days to 29 days

(Minimum amount should be ₹ 5.00 lacs)

4.00

30 days

6.00

31days to 89 days

5.50

90 days

6.00

91 days to 180 days

6.50

181 days to 364 days

6.50

12 Months to 36 Months

7.25

37 Months to 60 Months

7.50

MODEL – 365 (12 Months)

7.50

M1000 – (1000 days)

7.25

Recurring Deposits
 

 1 year to 5 years

7.25

 * Conditions Apply

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

* 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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