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हिंदी
Toll-free customer support numberNational Helpline No1800 1700
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IND Prosper

IND Prosper

 

 

TARGET CUSTOMERS
  • Individual (singly or jointly)
  • NRI (NRE & NRO)
  • Firm (Proprietorship/Partnership), Company, Association, Society, Club in its name.
  • HUF
  • Religious, Charitable or Educational Institutions.
  • Municipality or Panchayat, Government or Quasi Government Body
  • Any other Entity not prohibited by RBI.
DEPOSIT AMOUNT Minimum Amount: ₹1000/-

Maximum Amount: ₹2,99,99,999/-

Bulk deposits of Rs.3 crore & above are not eligible
PERIOD OF DEPOSIT 777 Days
RATE OF INTEREST 6.75%
ADDITIONAL INTEREST RATE

 

 Senior Citizen: 0.50 % p.a

Super Senior Citizen: 0.75% p.a

(Additional rates not applicable for NRE, NRO Customers)
MODE OF INTEREST PAYMENT
  • Interest, net of TDS shall be payable on monthly/quarterly intervals or on maturity through the linked account (SB/CA) 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.
  • No interest will be paid on deposits which remains for a period of less than 7 days.
NOMINATION FACILITY Available

Mandatory for Personal Customers
MATURITY INSTRUCTION Available
ROLL OVER OPTION If the scheme is continuing on the date of maturity: –

Deposits will automatically renew under the same scheme with same tenor at the prevailing rate of interest on maturity date.

If the scheme stands discontinued on the date of maturity: –

Matured deposits will automatically renew to Exact one year at the prevailing rate on Maturity Date.

Such automatic renewal would continue, unless the Bank receives a demand for payment or instructions contrary from the customer on or before the date of maturity of original deposit or automatically renewed deposit.

The amount so renewed will be the net of TDS amount as applicable.
PRE CLOSURE FACILITY Allowed
PRE CLOSURE PENALTY As applicable for normal term deposits.

 
OVERDRAFT / LOAN AGAINST DEPOSIT Overdraft / Demand Loan facility is available as per Bank’s prevailing norms on Loan against Deposits.
TDS TDS is applicable as per Income Tax Rules.

Customer may submit Form 121 as per rules for non-deduction of TDS
ANY OTHER INFORMATION RELEVANT TO THE PRODUCT
  • Bank holds the right to extend/ withdraw the facility in full or in part at its discretion at any time in future.
  • The account should be fully KYC compliant.
  • Term Deposits will be allowed to be transferred from one branch to another branch at the request of the customer.
  • Accounts will be opened only under the product codes allotted specifically for this category of deposits.
  • All other terms and conditions in respect of existing domestic term deposit scheme will be applicable to these products also.

( Last modified on Jun 05, 2026 at 05:06:00 PM )

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