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.  01.06.2017)

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

7.25

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)

* 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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