QUARTERLY RE-INVESTMENT PLAN

 

Quarter Re-Investment Plan is a good form of investment for depositors who have a regular income and do not require to withdraw the interest on the deposit. The interest earned is added to the principal amount and reinvested to gain substantial increase in the amount invested.

  

 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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