IND SUPREME 2.O – 300 DAYS
IND SUPREME 2.O – 300 DAYS
| SCHEME | Special Term Deposit Product “IND SUPREME 2.O, 300 DAYS “ with fixed maturity tenor of 300 days in the form of FD/MMD. | ||||
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TARGET CUSTOMERS |
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| DEPOSIT AMOUNT |
Bulk deposits of Rs.3 crore & above are not eligible. |
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| PERIOD OF DEPOSIT | 300 Days | ||||
| RATE OF INTEREST | 6.30 % p.a | ||||
| ADDITIONAL INTEREST RATE
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Senior Citizen: 0.50 % p.a
Super Senior Citizen: 0.75 % p.a Staff: 1.00% p.a. Staff Senior Citizen: 1.50% p.a. Staff Super Senior Citizen: 1.75 % p.a (Additional interest offered to Senior Citizens & Staff are not applicable for NRO Deposits) |
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| 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. |
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| NOMINATION FACILITY | Available
Mandatory for Personal Customers |
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| ROLL OVER OPTION | Auto Rollover under the same product, if Product is not live it will be in renewed in the bucket of (270 days < 1 year) of regular term deposit product. | ||||
| PRECLOSURE FACILITY | Allowed | ||||
| PRECLOSURE PENALTY | As applicable for normal term deposits. | ||||
| OVERDRAFT / LOAN AGAINST DEPOSIT | Can be availed digitally through Internet/Mobile Banking Channels.
Loans may be granted at the discretion of the bank, as per the bank extant guidelines on loan against deposits. |
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| TDS | At Applicable Rate as per Income Tax Act. | ||||
| Form 121 | Wherever eligible can be submitted in Branch or through Online. | ||||
| MODE OF ACCOUNT OPENING | Branch/ Internet Banking/Mobile Banking | ||||
| ANY OTHER INFORMATION RELEVANT TO THE PRODUCT |
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