IND Prosper
IND Prosper
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TARGET CUSTOMERS |
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| 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
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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 |
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| 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.
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| 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 |
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