New Fixed Maturity Term Deposit Product “IND UTSAV 610”
The salient features of the scheme are detailed here under:
|SCHEME||Special Money Multiplier Term Deposit Product “IND UTSAV 610 “offering higher rate of interest with fixed maturity tenor of 610 days with callable options .|
|Minimum – Rs.10000/- (Ten Thousand Only)
Maximum – Less than Rs. 2 Crore
Bulk deposits of Rs. 2 crore & above are not eligible.
|TENOR OFFERED||610 days|
|RATE OF INTEREST||6.10% p.a|
|ADDITIONAL INTEREST FOR SENIOR CITIZENS||Additional interest of 0.15% p.a for Senior Citizen i.e 6.25 %p.a
Additional Rate of Interest of 0.40 % for Super Senior Citizen (80 years and above) i.e. 6.50 %p.a
|MODE OF INTEREST PAYMENT||At maturity.
Maturity proceeds may be credited to SB/CA account 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.
|ROLL OVER OPTION||Not allowed, would be rolled over to Overdue Term Deposit.|
|PRECLOSURE PENALTY||As per existing norms.|
|LOAN AGAINST DEPOSIT||Loans may be granted at the discretion of the bank, as per Bank’s extant guidelines on loan against deposits.|
|15G /15H||Wherever eligible can be submitted in Branch or Online.|
( Last modified on Sep 14, 2022 at 01:09:42 PM )