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555 days and 1111 days Term Deposits will be converted into months and days and the maturity value will depend upon the Months and days of the Term Deposit remains with the Bank. Conversion of 555 days and 1111 days into months and days is automatically available for Online TDRs and customers may contact branches for knowing conversion of 555 days and 1111 days for deposits to be given in any particular month. Conversion of days of Term Deposits into month and days may differ month to month depending upon the actual number of days the deposit remains in the bank .
Following are the conversion factors in Month & Days for the month May 2012 for deposits under “Specific Number of Days Maturity”:-
1. 555 days: 18 months & 6 days
2. 1111 days: 36 months & 16 days
Senior Citizens (Including Senior Citizen Ex-staff) :
Senior Citizen will get the benefits as under:-
A) 0.5% p.a interest more than the card rates on their deposits of six months & above but less than 5 years
B) 0.70 % p.a for Term Deposits of 5 years and above but less than 8 years
C) 0.80% p.a for deposits of 8 years and upto 10 years
There will not be any penalty on Premature Withdrawal on domestic rupee deposits. In case of premature withdrawal interest applicable for the appropriate run period will be paid.
For Rate of Interest on Domestic Rupee Term Deposits over Rs. 10 Cr customer should contact branch.
Effective Annualized Rate of Return (Indicative only)
We give below the effective annualized rates of return on Bank’s cumulative deposit schemes, under the Re-investment Plan, on quarterly compounding basis: (% p.a.)
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