Treasury Bill Auction undertaken by RBI during QuarterĪnchor Rates are Average of Weighted Avg. 31-10-2023įloating Rate Term Deposit ANCHOR Rate Details (%) 13-11-2023Īpplicable mark-up over and above the Daily MIBOR rate (Above Rs.5 crore)w.e.f. Customers may contact the nearest branch for details/rate of interest, terms & conditions.Īpplicable mark-up over and above the RBI Policy Repo rate w.e.f.The rates are subject to revision from time to time.Acceptance of deposits of Rs.5 crore and above is at the discretion of Bank.Other condition remains the same as Non -Callable Bulk Term depositsĬard rates for Callable Bulk Term Deposits (BTD): (% p.a.).Pre- Mature closure not allowed, except if 31 days’ notice submitted in advance.“This is a Notice Bulk deposit wherein pre-mature closure is not permitted, except if 31 days’ notice submitted in advance” Branches are advice to affix stamp on physical confirmation of Deposit (CoD) clearly indicating the following.The interest rate structure is as under: Interest Rate (% p.a.)Īdditional terms and conditions for Notice Bulk Term Deposits scheme:. Such closures include the withdrawals through sweep-ins and partial withdrawals as well.įestive Offer Extension of ‘Utsav FD’ for 375 Days and 444 Days up to December 31, 2023

Bank will levy a penalty of 1%, on the applicable rate for deposits closed prematurely.

To illustrate as an example, if a deposit is placed for 5 years and after 1 year the depositor wants to close the deposit prematurely, then the interest rate applied will be the rate which was applicable for one year on the original date of deposit.

Interest payable on prematurely withdrawn deposits will be the rate applicable for the amount and the period for which the deposit remained with the Bank (rate applicable for that tenure on the original date of the deposit).

No interest is paid if the deposit is held for the tenure of below 7 days, the minimum period for Term Deposits as per RBI guidelines.

Citizen rates are not applicable to NRO & NRE Term Deposits. Tenure for NRE Term Deposit is 1 year to 10 years.Tenure for NRO Term Deposit is 07 days to 10 years.

BHIM Digital POS-UPI & Aadhar Pay App Mechants.

Registration of Card for Online Payment Service.

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