This is issued in concurrence of the competent authority. Staff- members are exempted from the premature penality. Pre-mature penalty will be applicable to all depositors. Pre-mature Deposit: Penalty of 1% on pre-mature deposit will be levied on interest rate slab applicable for the period has been kept with the bank. Further Retired staff members of our Bank fulfilling these criteria of Senior Citizen would also be eligible to get the benefit of 0.5% higher rates on Interest on maturities in addition to existing benefit of 1.00% higher over and above the normal rates as per extant guidelines of Domestic Term Deposit.ĭ). 100000/- for single FDR for period of 15 days to 45 days.Ĭ). Interest of 0.50% above these rates will be admissible on domestic FD/LTFDs of Sr.Citizens for Rs.5000.00 or above with the maturity period of minimum one year.ī) Minimum amount should be Rs. In supersession of all previous letter, the Interest rates on domestic Deposits and NRE deposit are revised as under:Ī). SAVING BANK Deposits interest rate is 2.75% p.a.
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