Payment of Interest

  • Payment of Interest ( Monthly/Quaterly ) Subject to applicable TDS Depositor may receive interest every month at monthly discounted value.
  • A depositor may receive interest every quarter at actuals in which case the deposits will, for all practical purposes, be treated as deposits under the Bank's Fixed Deposit Scheme with an endorsement to the effect that the interest will be paid every quarter.
  • Maximum period for acceptance of deposit would be ten years.