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.  01.11.2018)

Term deposits General Public Sr. Citizen Bulk
7 to 29 days 4 4 4
30 days 5.5 5.75 5.75/(6.00 for 1 crore and above)
31 days to 89 days 5.5 5.75 5.5
90 days scheme 6 6.25 6.25
91 days to 180 days 5.9 6.15 5.9
FDR 181 days to Below 1 year 6.5 6.75 6.5
(QRIP) 12 months 7.5 7.75 8
(QRIP) above 12 upto 36 months 7 7.25 8
(MIP/QIP) 12 months upto 36 months 7 7.25 7.25
(MIP/QIP/QRIP) above 36 months upto 60 months 7.25 7.5 7.5
(RD/MRD) 1 Year to 3 Years 7 7.25 7
(RD/MRD) above 3 Years to 5 Years 7.25 7.5 7.25
M1000 days 7.5 7.75 7.75
Model 365 days 8 8.5 8.75
6 months deposit scheme 6.5 7 7

 * 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 / 78 Tele Fax: 26656079

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