v In case of senior citizen i.e person of 60 years or above age and for HUF headed by a senior citizen an additional interest rate of 0.50% p.a. on FDR’s and RD’s above one year and for a minimum amount of 10,000/- shall be applicable on regular deposits.
v In case of premature withdrawal interest rate payable on such withdrawal of deposits will be the contract rate or the rate applicable for which the deposit remained with the bank, whichever is lower less 1%penalty.
v No penalty on premature re investments.if funds are immediately reinvested.Provided due date and amount of new FDR will not be earlier and less then the original due date and amount of previous FDR.
v New Interest rates will be applicable on Term deposits agreed by bank on 23.02.2024 or after or renewal of Fixed deposits only.