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 | ||||
TARGET CUSTOMERS |
Individual (singly or jointly) / HUF
NRI (NRO /NRE) Firm (Proprietorship/Partnership), Company, Association, Society, Club in its name. Religious, Charitable or Educational Institutions. Municipality or Panchayat, Government or Quasi Government Body |
||||
DEPOSIT AMOUNT |
Bulk deposits of Rs.3 crore & above are not eligible. |
||||
PERIOD OF DEPOSIT |
400 Days |
||||
RATE OF INTEREST
|
7.25 % |
||||
Additional Rate of Interest |
|
||||
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. |
||||
NOMINATION FACILITY | Available
Mandatory for Personal Customers |
||||
PRECLOSURE FACILITY | Allowed with Pre closure Penalty as applicable to Normal Term Deposits as per existing Norms | ||||
AUTO ROLL OVER FACILITY | If the scheme is continuing on the date of maturity: –
If the scheme stands discontinued on the date of maturity: –
|
||||
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 SMART | ||||
ANY OTHER INFORMATION RELEVANT TO THE PRODUCT |
|
( Last modified on Jul 05, 2024 at 08:07:05 PM )