Customer will get interest on discounted rateover the standard deposit rate every month.
The paid interest amount (In case of monthly / quarterly pay-out mode ) will be adjusted against principal balance of the deposit in case of premature withdrawal.
In case of premature of fixed deposit, the interest rate will be 1% below the contractual rate applicable for the period the deposit has remain with the Bank.
0.25% more interest on Single Term Deposit Receipt of Rs.15 lac and above up to 1 Crore.
0.50% more interest on Single Term Deposit Receipt of Rs.1 Crore above up to 5 Crore.
0.75% more interest on Single Term Deposit Receipt of Rs.5 Crore above.