Salient features of the scheme :

Deposit Amount Range: ₹ 1,00,000/- to ₹ 5,00,000/-
Deposit Period: 555 Days

Interest Type: Simple Interest

Deposit Amount Slab Rs. Interest Rate
100000.00 7.25%
200000.00 7.30%
300000.00 7.35%
400000.00 7.40%
500000.00 7.50%

(Interest rate applicable as per deposit amount slab decided by the Bank.)

Payout Options: Monthly / Quarterly (Compulsory)

Premature Withdrawal: Allowed as per RBI guidelines / directions

Nomination Facility: Nomination facility is available

  Eligibility: Individual depositors only