IND SUPER 400 DAYS
The salient features of the scheme are detailed here under:
|SCHEME||Special Term Deposit Product “IND SUPER 400 DAYS “offering higher rate of interest with fixed maturity tenor of 400 days in the form of FD/MMD|
|v Individual (singly or jointly) / HUF
v NRI (NRO /NRE)
v Firm (Proprietorship/Partnership), Company, Association, Society, Club in its name.
v Religious, Charitable or Educational Institutions.
v Municipality or Panchayat, Government or Quasi Government Body
Bulk deposits of Rs.2 crore & above are not eligible.
|PERIOD OF DEPOSIT||400 Days
( 1 year 1 month 4 days )
|RATE OF INTEREST
|ADDITIONAL INTEREST RATE
|Senior Citizen: 0.50 % p.a
Super Senior Citizen: 0.75 % p.a
Staff: 1.00% p.a.
Staff Senior Citizen: 1.50% p.a.
Staff Super Senior Citizen: 1.75 % p.a
(Additional interest offered to Senior Citizens, Women & Staff are not applicable for NRO/NRE)
|MODE OF INTEREST PAYMENT||Interest, net of TDS shall be payable on monthly/quarterly intervals or on maturity through the linked account (SB/CA) of the customer.
In case where there are no operative accounts of the customer, maturity proceeds will be paid by DD or through NEFT/RTGS as per customer’s choice.
No interest will be paid on deposits which remains for a period of less than 7 days.
Mandatory for Personal Customers
|PRECLOSURE PENALTY||a) For premature withdrawal, 1% penal interest will be levied over the applicable rate for the period the deposit has remained with the Bank.
b) There is no discretion available for reduction /waiver of penalty for premature withdrawal of term deposits under this product
c) No premature penalty will be levied for staff (including retired staff) deposits. Interest rate to be applied on premature withdrawal of term deposits of Staff will be the applicable rate for the period the deposit has remained with the Bank.
|OVERDRAFT / LOAN AGAINST DEPOSIT||Can be availed digitally through INB/IND OASIS Channels.
Loans may be granted at the discretion of the bank, as per the bank extant guidelines on loan against deposits.
|TDS||At Applicable Rate as per Income Tax Act.|
|15G /15H||Wherever eligible can be submitted in Branch or through Online .|
|MODE OF ACCOUNT OPENING||Branch/ Internet Banking /IND OASIS|
|ANY OTHER INFORMATION RELEVANT TO THE PRODUCT||
( अंतिम संशोधन Apr 20, 2023 at 11:04:07 AM )