Particular | Terms | ||||
---|---|---|---|---|---|
Period | 9 Months | 1 year | 2 years | ||
Minimum deposit | Rs. 20 and multiple of Rs. 10 | ||||
Frequency of transaction | Daily | ||||
Rate of Interest | 5.00% | 9.00% | 10.00% | ||
Interest payable | Daily Compounding | ||||
Lock-in Period | 9 months | 12 months | 18 months | ||
Premature payment | 19-36 months (minus 3 % interest) |
Loan facility is available only on regular account.
Loan can be availed upto 70% of deposit value (Principal plus interest credited till date).